Sumitomo Mitsui Trust Group Inc. Sells 1,164,401 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Sumitomo Mitsui Trust Group Inc. lowered its holdings in Healthcare Realty Trust Incorporated (NYSE:HR) by 75.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 387,708 shares of the real estate investment trust’s stock after selling 1,164,401 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.11% of Healthcare Realty Trust worth $6,552,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HR. Golden State Wealth Management LLC bought a new stake in shares of Healthcare Realty Trust during the 1st quarter worth approximately $26,000. Money Concepts Capital Corp lifted its stake in Healthcare Realty Trust by 11.0% in the 1st quarter. Money Concepts Capital Corp now owns 48,807 shares of the real estate investment trust’s stock valued at $825,000 after purchasing an additional 4,826 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Healthcare Realty Trust by 8.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 14,803 shares of the real estate investment trust’s stock valued at $250,000 after purchasing an additional 1,171 shares during the last quarter. Wealthquest Corp bought a new position in Healthcare Realty Trust in the 1st quarter valued at approximately $151,000. Finally, Oppenheimer Asset Management Inc. lifted its stake in Healthcare Realty Trust by 31.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 60,301 shares of the real estate investment trust’s stock valued at $1,019,000 after purchasing an additional 14,400 shares during the last quarter.

Insider Buying and Selling at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian acquired 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was bought at an average cost of $14.71 per share, for a total transaction of $36,775.00. Following the completion of the transaction, the director directly owned 56,502 shares in the company, valued at $831,144.42. This represents a 4.63% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.37% of the stock is currently owned by company insiders.

Healthcare Realty Trust Stock Performance

HR stock opened at $15.92 on Friday. The company has a fifty day moving average price of $15.02 and a 200-day moving average price of $15.98. The company has a market capitalization of $5.59 billion, a P/E ratio of -14.61 and a beta of 0.89. Healthcare Realty Trust Incorporated has a 52-week low of $14.09 and a 52-week high of $18.90.

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, meeting the consensus estimate of $0.39. The firm had revenue of $288.86 million during the quarter, compared to the consensus estimate of $297.39 million. Healthcare Realty Trust had a negative net margin of 31.32% and a negative return on equity of 7.06%. The company’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 earnings per share. As a group, sell-side analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 12th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 7.79%. The ex-dividend date was Monday, May 12th. Healthcare Realty Trust’s payout ratio is currently -113.76%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wedbush dropped their price objective on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. JPMorgan Chase & Co. dropped their price objective on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, June 26th. Wells Fargo & Company dropped their price objective 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. Finally, Wall Street Zen downgraded shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 31st. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, Healthcare Realty Trust currently has an average rating of “Hold” and an average target price of $16.40.

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.