Quantessence Capital LLC Takes $359,000 Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Quantessence Capital LLC bought a new position in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 21,195 shares of the real estate investment trust's stock, valued at approximately $359,000.

A number of other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Healthcare Realty Trust in the 4th quarter worth about $76,825,000. Lasalle Investment Management Securities LLC purchased a new stake in Healthcare Realty Trust during the fourth quarter valued at approximately $31,398,000. Candriam S.C.A. lifted its stake in shares of Healthcare Realty Trust by 201.4% in the 4th quarter. Candriam S.C.A. now owns 1,729,651 shares of the real estate investment trust's stock valued at $29,318,000 after purchasing an additional 1,155,745 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Healthcare Realty Trust by 289.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,552,109 shares of the real estate investment trust's stock worth $26,308,000 after purchasing an additional 1,153,657 shares during the period. Finally, Aew Capital Management L P increased its position in shares of Healthcare Realty Trust by 1,582.3% during the 4th quarter. Aew Capital Management L P now owns 920,560 shares of the real estate investment trust's stock valued at $15,603,000 after purchasing an additional 865,840 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HR. Wedbush upgraded Healthcare Realty Trust from a "strong sell" rating to a "hold" rating in a research report on Monday, April 7th. Jefferies Financial Group cut shares of Healthcare Realty Trust from a "buy" rating to a "hold" rating and dropped their price target for the stock from $19.00 to $17.00 in a research note on Thursday, January 2nd. Scotiabank reduced their price objective on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating on the stock in a research report on Tuesday, February 25th. Wells Fargo & Company dropped their target price 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. Finally, StockNews.com downgraded Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. 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.com, the company currently has a consensus rating of "Hold" and a consensus price target of $17.00.

Healthcare Realty Trust Price Performance

Shares of HR stock opened at $15.78 on Wednesday. The company has a market capitalization of $5.53 billion, a P/E ratio of -8.86 and a beta of 0.85. The company's 50-day simple moving average is $16.37 and its two-hundred day simple moving average is $16.93. Healthcare Realty Trust Incorporated has a one year low of $13.94 and a one year high of $18.90.

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

Healthcare Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.31 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.24 annualized dividend and a dividend yield of 7.86%. Healthcare Realty Trust's dividend payout ratio is currently -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.

Want to see what other hedge funds are holding HR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Healthcare Realty Trust Incorporated (NYSE:HR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.