State of Michigan Retirement System Has $1.42 Million Position in Healthcare Realty Trust Incorporated (NYSE:HR)

State of Michigan Retirement System cut its holdings in Healthcare Realty Trust Incorporated (NYSE:HR) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,953 shares of the real estate investment trust’s stock after selling 2,200 shares during the period. State of Michigan Retirement System’s holdings in Healthcare Realty Trust were worth $1,423,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in Healthcare Realty Trust by 12.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,630,973 shares of the real estate investment trust’s stock worth $78,495,000 after acquiring an additional 495,599 shares in the last quarter. Pzena Investment Management LLC bought a new position in shares of Healthcare Realty Trust during the 3rd quarter worth about $40,392,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Healthcare Realty Trust by 358.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,142,110 shares of the real estate investment trust’s stock valued at $38,879,000 after buying an additional 1,674,583 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in 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 valued at $26,308,000 after buying an additional 1,153,657 shares in the last quarter. Finally, Aew Capital Management L P raised its stake in 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 worth $15,603,000 after buying an additional 865,840 shares during the period.

Healthcare Realty Trust Trading Up 1.6 %

Shares of NYSE:HR opened at $16.78 on Friday. Healthcare Realty Trust Incorporated has a 1-year low of $12.77 and a 1-year high of $18.90. The stock has a market cap of $5.89 billion, a PE ratio of -9.42 and a beta of 0.97. The stock’s fifty day simple moving average is $16.61 and its two-hundred day simple moving average is $17.34.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The company had revenue of $309.77 million for the quarter, compared to analyst estimates of $303.81 million. During the same period last year, the firm earned $0.39 earnings per share. The firm’s revenue was down 6.3% on a year-over-year basis. On average, sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 7.39%. The ex-dividend date of this dividend is Monday, March 3rd. Healthcare Realty Trust’s dividend payout ratio is presently -69.66%.

Wall Street Analyst Weigh In

HR has been the subject of a number of research reports. Jefferies Financial Group cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and reduced their price objective for the company from $19.00 to $17.00 in a research note on Thursday, January 2nd. Scotiabank reduced their price target on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 25th. StockNews.com downgraded shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday. JPMorgan Chase & Co. cut shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price objective for the company. in a report on Friday, December 20th. Finally, Wedbush reissued an “outperform” rating and set a $16.00 target price on shares of Healthcare Realty Trust in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $17.20.

Insider Activity at Healthcare Realty Trust

In related news, Director Peter F. Sr Lyle, Sr. purchased 10,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of $17.21 per share, for a total transaction of $172,100.00. Following the completion of the transaction, the director now owns 26,576 shares in the company, valued at $457,372.96. This represents a 60.33 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.56% of the stock is currently owned by company insiders.

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.