JPMorgan Chase & Co. Trims Stake in Healthcare Realty Trust Incorporated (NYSE:HR)

JPMorgan Chase & Co. lessened its holdings in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 44.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,445,311 shares of the real estate investment trust's stock after selling 1,154,079 shares during the period. JPMorgan Chase & Co. owned approximately 0.41% of Healthcare Realty Trust worth $24,498,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of HR. LPL Financial LLC raised its position in Healthcare Realty Trust by 5.3% in the fourth quarter. LPL Financial LLC now owns 292,851 shares of the real estate investment trust's stock worth $4,964,000 after acquiring an additional 14,616 shares during the period. Samalin Investment Counsel LLC raised its stake in shares of Healthcare Realty Trust by 6.9% in the fourth quarter. Samalin Investment Counsel LLC now owns 31,777 shares of the real estate investment trust's stock valued at $539,000 after buying an additional 2,050 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Healthcare Realty Trust during the 4th quarter valued at $1,271,000. Sei Investments Co. grew its stake in shares of Healthcare Realty Trust by 17.4% during the 4th quarter. Sei Investments Co. now owns 2,849,743 shares of the real estate investment trust's stock worth $48,303,000 after acquiring an additional 422,940 shares during the period. Finally, Lee Danner & Bass Inc. bought a new stake in Healthcare Realty Trust in the 4th quarter valued at about $85,000.

Healthcare Realty Trust Stock Performance

Healthcare Realty Trust stock traded down $0.08 during mid-day trading on Tuesday, hitting $15.76. 381,387 shares of the company traded hands, compared to its average volume of 2,611,085. The stock has a fifty day moving average price of $16.44 and a 200-day moving average price of $17.01. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of -8.85 and a beta of 0.85. Healthcare Realty Trust Incorporated has a one year low of $13.64 and a one year high of $18.90.

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Healthcare Realty Trust (NYSE:HR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The business had revenue of $309.77 million for the quarter, compared to analysts' expectations of $303.81 million. The business's quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the business earned $0.39 earnings per share. Sell-side analysts predict that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 7.87%. The ex-dividend date of this dividend was Monday, March 3rd. Healthcare Realty Trust's payout ratio is -69.66%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Jefferies Financial Group lowered shares of Healthcare Realty Trust from a "buy" rating to a "hold" rating and lowered their price target for the company from $19.00 to $17.00 in a research report on Thursday, January 2nd. Scotiabank cut their price target on Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating for the company in a report on Tuesday, February 25th. StockNews.com lowered Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. Wedbush upgraded Healthcare Realty Trust from a "strong sell" rating to a "hold" rating in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. downgraded shares of Healthcare Realty Trust from an "overweight" rating to a "neutral" rating and set a $19.00 price target on the stock. in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $17.00.

Healthcare Realty Trust Profile

Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.