Federated Hermes Inc. Sells 42,334 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Federated Hermes Inc. reduced its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 53.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,211 shares of the real estate investment trust’s stock after selling 42,334 shares during the period. Federated Hermes Inc.’s holdings in Healthcare Realty Trust were worth $614,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HR. Smartleaf Asset Management LLC raised its holdings in shares of Healthcare Realty Trust by 59.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 612 shares during the last quarter. Blue Trust Inc. raised its stake in Healthcare Realty Trust by 130.3% during the 4th quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 925 shares during the last quarter. Synergy Investment Management LLC bought a new position in shares of Healthcare Realty Trust during the 4th quarter valued at $36,000. Jones Financial Companies Lllp boosted its stake in shares of Healthcare Realty Trust by 68.7% in the 4th quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,249 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Healthcare Realty Trust in the third quarter worth $78,000.

Healthcare Realty Trust Price Performance

Shares of NYSE:HR opened at $15.73 on Thursday. The company has a market capitalization of $5.52 billion, a P/E ratio of -8.84 and a beta of 0.85. Healthcare Realty Trust Incorporated has a 1-year low of $13.64 and a 1-year high of $18.90. The firm’s 50 day simple moving average is $16.41 and its two-hundred day simple moving average is $16.99.

Healthcare Realty Trust (NYSE:HR) last released its 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. The company had revenue of $309.77 million for the quarter, compared to analysts’ expectations of $303.81 million. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. Healthcare Realty Trust’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 EPS. On average, sell-side analysts anticipate 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 was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 7.88%. The ex-dividend date of this dividend was Monday, March 3rd. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -69.66%.

Analyst Ratings Changes

Several brokerages have issued reports on HR. Scotiabank dropped their target price on 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. Jefferies Financial Group lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their target price for the company from $19.00 to $17.00 in a research report on Thursday, January 2nd. Wedbush upgraded shares of Healthcare Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, April 7th. StockNews.com cut shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th. Finally, JPMorgan Chase & Co. lowered Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $17.00.

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.