Financial Harvest LLC Makes New $4.39 Million Investment in Healthcare Realty Trust Incorporated (NYSE:HR)

Financial Harvest LLC acquired a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 259,977 shares of the real estate investment trust’s stock, valued at approximately $4,394,000. Healthcare Realty Trust comprises about 2.9% of Financial Harvest LLC’s portfolio, making the stock its 9th biggest position.

Several other large investors also recently added to or reduced their stakes in HR. Starboard Value LP purchased a new stake in Healthcare Realty Trust during the fourth quarter worth $342,110,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Healthcare Realty Trust during the 1st quarter valued at about $100,817,000. Norges Bank acquired a new stake in Healthcare Realty Trust in the 4th quarter worth about $76,825,000. Rush Island Management LP boosted its holdings in Healthcare Realty Trust by 21.2% in the 4th quarter. Rush Island Management LP now owns 15,681,440 shares of the real estate investment trust’s stock worth $265,800,000 after buying an additional 2,747,848 shares during the last quarter. Finally, Deprince Race & Zollo Inc. purchased a new position in Healthcare Realty Trust in the 4th quarter worth approximately $39,337,000.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company dropped their price target on shares of Healthcare Realty Trust from $16.00 to $15.00 and set an “underweight” rating for the company in a research note on Monday, June 2nd. JPMorgan Chase & Co. reduced their target price on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, June 26th. Wedbush reduced their target price on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, May 5th. Finally, Wall Street Zen cut shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 31st. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.40.

Healthcare Realty Trust Trading Down 0.2%

Shares of HR stock opened at $16.17 on Friday. The company’s fifty day simple moving average is $15.16 and its 200-day simple moving average is $15.91. Healthcare Realty Trust Incorporated has a 52 week low of $14.09 and a 52 week high of $18.90. The company has a market cap of $5.68 billion, a PE ratio of -14.83 and a beta of 0.89.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Healthcare Realty Trust had a negative net margin of 31.32% and a negative return on equity of 7.06%. The firm had revenue of $288.86 million for the quarter, compared to the consensus estimate of $297.39 million. During the same quarter in the previous year, the firm posted $0.39 EPS. The firm’s quarterly revenue was down 9.2% on a year-over-year basis. Equities research analysts expect that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 12th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 7.67%. The ex-dividend date was Monday, May 12th. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -113.76%.

Insider Activity at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian acquired 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average cost of $14.71 per share, for a total transaction of $36,775.00. Following the transaction, the director directly owned 56,502 shares in the company, valued at $831,144.42. This trade represents a 4.63% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.37% of the company’s stock.

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.