Resona Asset Management Co. Ltd. Takes Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Resona Asset Management Co. Ltd. bought a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 141,593 shares of the real estate investment trust's stock, valued at approximately $2,388,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital Investment Advisors LLC increased its position in Healthcare Realty Trust by 31.0% during the 4th quarter. Capital Investment Advisors LLC now owns 469,323 shares of the real estate investment trust's stock worth $7,955,000 after purchasing an additional 111,125 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Healthcare Realty Trust in the fourth quarter valued at approximately $440,000. Steward Partners Investment Advisory LLC raised its position in shares of Healthcare Realty Trust by 3,419.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 28,510 shares of the real estate investment trust's stock valued at $483,000 after buying an additional 27,700 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Healthcare Realty Trust during the third quarter valued at approximately $849,000. Finally, Stifel Financial Corp boosted its position in Healthcare Realty Trust by 13.4% during the third quarter. Stifel Financial Corp now owns 84,728 shares of the real estate investment trust's stock worth $1,538,000 after acquiring an additional 10,044 shares during the last quarter.

Healthcare Realty Trust Stock Performance

Shares of HR traded down $0.10 during trading hours on Tuesday, hitting $15.73. The stock had a trading volume of 541,073 shares, compared to its average volume of 3,296,540. The company's fifty day simple moving average is $16.44 and its 200 day simple moving average is $17.01. Healthcare Realty Trust Incorporated has a 12-month low of $13.64 and a 12-month high of $18.90. The firm has a market cap of $5.52 billion, a P/E ratio of -8.83 and a beta of 0.85.

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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 analysts' consensus estimates 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. The company's quarterly revenue was down 6.3% compared to the same quarter last year. As a group, sell-side analysts predict that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders 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 yield of 7.88%. Healthcare Realty Trust's dividend payout ratio is currently -69.66%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. 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. Wedbush upgraded Healthcare Realty Trust from a "strong sell" rating to a "hold" rating in a research note on Monday, April 7th. Jefferies Financial Group downgraded Healthcare Realty Trust from a "buy" rating to a "hold" rating and reduced their target price for the stock from $19.00 to $17.00 in a research report on Thursday, January 2nd. 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 report on Monday, March 10th. Finally, StockNews.com lowered shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $17.00.

Healthcare Realty Trust Company 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.