Healthcare Realty Trust Incorporated (NYSE:HR) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its holdings in Healthcare Realty Trust Incorporated (NYSE:HR) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 815,150 shares of the real estate investment trust’s stock after selling 29,378 shares during the quarter. Principal Financial Group Inc.’s holdings in Healthcare Realty Trust were worth $13,817,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in Healthcare Realty Trust by 130.3% in the fourth quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 925 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Healthcare Realty Trust in the third quarter valued at $65,000. Wilmington Savings Fund Society FSB acquired a new stake in Healthcare Realty Trust in the third quarter valued at $78,000. Harbor Capital Advisors Inc. purchased a new position in shares of Healthcare Realty Trust in the third quarter valued at $89,000. Finally, Allworth Financial LP increased its position in shares of Healthcare Realty Trust by 118.8% in the fourth quarter. Allworth Financial LP now owns 5,152 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 2,797 shares in the last quarter.

Healthcare Realty Trust Trading Down 0.7 %

Healthcare Realty Trust stock opened at $16.74 on Thursday. The stock has a market cap of $5.93 billion, a PE ratio of -9.40 and a beta of 0.94. The stock has a 50-day moving average price of $16.63 and a 200 day moving average price of $17.38. Healthcare Realty Trust Incorporated has a 52 week low of $12.77 and a 52 week high of $18.90.

Healthcare Realty Trust (NYSE:HR) last posted 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. The firm had revenue of $309.77 million during the quarter, compared to analysts’ expectations of $303.81 million. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS. On average, equities analysts predict that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current year.

Healthcare Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 7.41%. The ex-dividend date is Monday, March 3rd. Healthcare Realty Trust’s payout ratio is -69.66%.

Insiders Place Their Bets

In other Healthcare Realty Trust news, Director Peter F. Sr Lyle, Sr. purchased 10,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of $17.21 per share, with a total value of $172,100.00. Following the purchase, the director now owns 26,576 shares in the company, valued at approximately $457,372.96. This represents a 60.33 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.56% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HR has been the subject of a number of research analyst reports. Wedbush restated an “outperform” rating and issued a $16.00 price target on shares of Healthcare Realty Trust in a research report on Thursday, February 20th. StockNews.com upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. cut Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price target for the company. in a research report on Friday, December 20th. Scotiabank dropped their price target on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating for the company in a research report on Tuesday. Finally, Jefferies Financial Group cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and dropped their price target for the company from $19.00 to $17.00 in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $17.20.

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.