The Manufacturers Life Insurance Company Trims Stock Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

The Manufacturers Life Insurance Company reduced its holdings in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 6.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 380,836 shares of the real estate investment trust’s stock after selling 25,564 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.11% of Healthcare Realty Trust worth $6,455,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Healthcare Realty Trust during the fourth quarter worth $76,825,000. Lasalle Investment Management Securities LLC purchased a new stake in Healthcare Realty Trust during the 4th quarter worth about $31,398,000. Candriam S.C.A. boosted its stake in 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 worth $29,318,000 after purchasing an additional 1,155,745 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in Healthcare Realty Trust by 289.5% during 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 increased its position in shares of Healthcare Realty Trust by 1,582.3% during the fourth 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 buying an additional 865,840 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HR shares. StockNews.com upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, April 30th. Wells Fargo & Company dropped 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. Scotiabank decreased 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. Finally, Wedbush dropped 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 research report on Monday. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, Healthcare Realty Trust presently has an average rating of “Hold” and a consensus price target of $17.00.

Healthcare Realty Trust Price Performance

Shares of HR stock opened at $15.17 on Wednesday. The business has a 50-day moving average of $16.13 and a 200 day moving average of $16.79. Healthcare Realty Trust Incorporated has a 1-year low of $14.53 and a 1-year high of $18.90. The stock has a market capitalization of $5.32 billion, a PE ratio of -8.52 and a beta of 0.92.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The firm had revenue of $288.86 million during the quarter, compared to analyst estimates of $297.39 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. The business’s quarterly revenue was down 9.2% compared to the same quarter last year. Analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 12th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.17%. The ex-dividend date is Monday, May 12th. Healthcare Realty Trust’s payout ratio is -113.76%.

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.