Pinebridge Investments L.P. Buys 34,018 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Pinebridge Investments L.P. boosted its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 42.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 113,709 shares of the real estate investment trust's stock after buying an additional 34,018 shares during the period. Pinebridge Investments L.P.'s holdings in Healthcare Realty Trust were worth $1,927,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in shares of 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 valued at $27,000 after buying an additional 612 shares in the last quarter. Blue Trust Inc. raised its position in Healthcare Realty Trust by 130.3% during the fourth quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 925 shares during the period. Synergy Investment Management LLC bought a new stake in shares of Healthcare Realty Trust in the 4th quarter valued at approximately $36,000. Jones Financial Companies Lllp boosted its holdings 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 worth $52,000 after purchasing an additional 1,249 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Healthcare Realty Trust during the 3rd quarter valued at approximately $78,000.

Analyst Ratings Changes

A number of brokerages recently issued reports on HR. Wells Fargo & Company lowered their price target on Healthcare Realty Trust from $17.00 to $16.00 and set an "underweight" rating for the company in a research report on Monday, March 10th. Wedbush raised shares of Healthcare Realty Trust from a "strong sell" rating to a "hold" rating in a research note on Monday, April 7th. Scotiabank cut their price target on shares of 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. StockNews.com cut Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. Finally, Jefferies Financial Group lowered Healthcare Realty Trust from a "buy" rating to a "hold" rating and decreased their price target for the stock from $19.00 to $17.00 in a research note on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $17.00.

Healthcare Realty Trust Stock Performance

Shares of NYSE:HR opened at $15.63 on Monday. The firm's 50 day simple moving average is $16.31 and its 200-day simple moving average is $16.90. Healthcare Realty Trust Incorporated has a one year low of $14.07 and a one year high of $18.90. The firm has a market cap of $5.48 billion, a PE ratio of -8.78 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 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The company had revenue of $309.77 million for the quarter, compared to the consensus estimate of $303.81 million. During the same period last year, the business posted $0.39 EPS. Healthcare Realty Trust's quarterly revenue was down 6.3% on a year-over-year basis. Equities research analysts predict that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The firm also recently announced 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 7.94%. The ex-dividend date was Monday, March 3rd. Healthcare Realty Trust's dividend payout ratio (DPR) is -69.66%.

About Healthcare Realty Trust

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.

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