Bank of New York Mellon Corp Has $78.50 Million Stock Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Bank of New York Mellon Corp boosted its holdings in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 12.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,630,973 shares of the real estate investment trust’s stock after buying an additional 495,599 shares during the period. Bank of New York Mellon Corp owned approximately 1.31% of Healthcare Realty Trust worth $78,495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of HR. Blue Trust Inc. increased its position in Healthcare Realty Trust by 130.3% in the 4th quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 925 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Healthcare Realty Trust in the 3rd quarter worth about $65,000. Wilmington Savings Fund Society FSB acquired a new position in Healthcare Realty Trust in the 3rd quarter worth about $78,000. Allworth Financial LP increased its position in Healthcare Realty Trust by 118.8% in the 4th quarter. Allworth Financial LP now owns 5,152 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 2,797 shares during the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new position in Healthcare Realty Trust in the 3rd quarter worth about $89,000.

Healthcare Realty Trust Stock Down 1.9 %

Shares of NYSE:HR opened at $16.81 on Tuesday. The business has a 50 day moving average price of $16.63 and a 200 day moving average price of $17.36. Healthcare Realty Trust Incorporated has a twelve month low of $12.77 and a twelve month high of $18.90. The company has a market cap of $5.90 billion, a price-to-earnings ratio of -9.44 and a beta of 0.94.

Healthcare Realty Trust (NYSE:HR) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. 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 $309.77 million during the quarter, compared to the consensus estimate of $303.81 million. During the same quarter in the prior year, the company earned $0.39 EPS. The firm’s revenue for the quarter was down 6.3% 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, March 3rd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.24 annualized dividend and a yield of 7.38%. Healthcare Realty Trust’s payout ratio is -69.66%.

Insider Activity at Healthcare Realty Trust

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HR shares. StockNews.com raised Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. Jefferies Financial Group lowered Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their price objective for the company from $19.00 to $17.00 in a report on Thursday, January 2nd. Scotiabank lowered their price objective on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. Wedbush reissued an “outperform” rating and set a $16.00 price objective on shares of Healthcare Realty Trust in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. lowered Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Healthcare Realty Trust presently has an average rating of “Hold” and a consensus target price of $17.20.

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.