Legal & General Group Plc Reduces Stock Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Legal & General Group Plc lowered its holdings in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 10.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,273,730 shares of the real estate investment trust's stock after selling 399,043 shares during the period. Legal & General Group Plc owned approximately 0.92% of Healthcare Realty Trust worth $55,490,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in shares of Healthcare Realty Trust by 130.3% in the fourth quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 925 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Healthcare Realty Trust by 59.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 612 shares in the last quarter. Synergy Investment Management LLC purchased a new stake in Healthcare Realty Trust during the 4th quarter worth about $36,000. Jones Financial Companies Lllp boosted its stake in shares of Healthcare Realty Trust by 68.7% in the 4th quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 1,249 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Healthcare Realty Trust during the third quarter worth about $78,000.

Healthcare Realty Trust Trading Down 1.0 %

HR stock traded down $0.15 on Tuesday, hitting $15.68. The company's stock had a trading volume of 2,665,059 shares, compared to its average volume of 3,304,802. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of -8.81 and a beta of 0.85. The firm has a 50 day moving average of $16.44 and a two-hundred day moving average of $17.01. Healthcare Realty Trust Incorporated has a 1 year low of $13.64 and a 1 year high of $18.90.

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Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its 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. The business had revenue of $309.77 million during the quarter, compared to analysts' expectations of $303.81 million. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The business's revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 earnings per share. As a group, equities analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 7.91%. The ex-dividend date of this dividend was Monday, March 3rd. Healthcare Realty Trust's dividend payout ratio is presently -69.66%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on HR shares. Wells Fargo & Company reduced their target price on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an "underweight" rating on the stock in a report on Monday, March 10th. Jefferies Financial Group cut shares of Healthcare Realty Trust from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $19.00 to $17.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. lowered Healthcare Realty Trust from an "overweight" rating to a "neutral" rating and set a $19.00 target price on the stock. in a report on Friday, December 20th. Wedbush raised Healthcare Realty Trust from a "strong sell" rating to a "hold" rating in a report on Monday, April 7th. Finally, Scotiabank dropped their price objective on Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, Healthcare Realty Trust has an average rating of "Hold" and an average 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.