Norges Bank Takes $76.83 Million Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Norges Bank purchased a new position in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,532,457 shares of the real estate investment trust's stock, valued at approximately $76,825,000. Norges Bank owned about 1.28% of Healthcare Realty Trust as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HR. Smartleaf Asset Management LLC boosted its position in Healthcare Realty Trust by 59.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 612 shares during the last quarter. Blue Trust Inc. raised its holdings in Healthcare Realty Trust by 130.3% in the 4th quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 925 shares during the last quarter. Synergy Investment Management LLC purchased a new position in shares of Healthcare Realty Trust during the 4th quarter worth $36,000. Jones Financial Companies Lllp boosted its holdings in shares of Healthcare Realty Trust by 68.7% during the fourth quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 1,249 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Healthcare Realty Trust in the third quarter valued at $65,000.

Analysts Set New Price Targets

HR has been the topic of several recent analyst reports. StockNews.com downgraded Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. lowered shares of Healthcare Realty Trust from an "overweight" rating to a "neutral" rating and set a $19.00 price objective on the stock. in a report on Friday, December 20th. Jefferies Financial Group downgraded shares of Healthcare Realty Trust from a "buy" rating to a "hold" rating and lowered their target price for the company from $19.00 to $17.00 in a report on Thursday, January 2nd. Wedbush reaffirmed an "outperform" rating and set a $16.00 price target on shares of Healthcare Realty Trust in a research note on Thursday, February 20th. Finally, Scotiabank lowered their price objective on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating for the company in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Healthcare Realty Trust has a consensus rating of "Hold" and a consensus price target of $17.00.

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Healthcare Realty Trust Price Performance

NYSE HR traded down $0.79 during mid-day trading on Monday, hitting $15.33. The company's stock had a trading volume of 5,737,232 shares, compared to its average volume of 3,290,430. Healthcare Realty Trust Incorporated has a 52-week low of $13.64 and a 52-week high of $18.90. The stock's fifty day simple moving average is $16.62 and its two-hundred day simple moving average is $17.13. The firm has a market capitalization of $5.38 billion, a P/E ratio of -8.61 and a beta of 0.85.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. The company had revenue of $309.77 million during the quarter, compared to analyst estimates 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 quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. On average, equities analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 8.09%. The ex-dividend date of this dividend was Monday, March 3rd. Healthcare Realty Trust's payout ratio is -69.66%.

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.