Proficio Capital Partners LLC Takes Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Proficio Capital Partners LLC purchased a new stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 25,934 shares of the real estate investment trust’s stock, valued at approximately $440,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Investment Advisors LLC raised its holdings in shares of Healthcare Realty Trust by 31.0% during the 4th quarter. Capital Investment Advisors LLC now owns 469,323 shares of the real estate investment trust’s stock valued at $7,955,000 after purchasing an additional 111,125 shares in the last quarter. Cerity Partners LLC raised its holdings in Healthcare Realty Trust by 106.4% in the 3rd quarter. Cerity Partners LLC now owns 77,545 shares of the real estate investment trust’s stock worth $1,407,000 after acquiring an additional 39,975 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Healthcare Realty Trust in the 3rd quarter worth $849,000. Stifel Financial Corp raised its holdings in Healthcare Realty Trust by 13.4% in the 3rd quarter. Stifel Financial Corp now owns 84,728 shares of the real estate investment trust’s stock worth $1,538,000 after acquiring an additional 10,044 shares during the period. Finally, Geneos Wealth Management Inc. bought a new position in Healthcare Realty Trust in the 4th quarter worth $399,000.

Insider Activity

In other news, Director Peter F. Sr Lyle, Sr. purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $17.21 per share, with a total value of $172,100.00. Following the acquisition, the director now directly owns 26,576 shares of the company’s stock, valued at approximately $457,372.96. This trade represents a 60.33 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.56% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HR has been the topic of several recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $16.00 target price on shares of Healthcare Realty Trust in a report on Thursday, February 20th. StockNews.com downgraded shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th. Wells Fargo & Company dropped their target price on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating on the stock in a report on Monday. JPMorgan Chase & Co. lowered shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research report on Friday, December 20th. Finally, Jefferies Financial Group lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and decreased their price target for the stock from $19.00 to $17.00 in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Healthcare Realty Trust has an average rating of “Hold” and an average price target of $17.00.

Healthcare Realty Trust Stock Performance

Shares of Healthcare Realty Trust stock opened at $16.68 on Tuesday. The firm’s 50-day simple moving average is $16.61 and its 200-day simple moving average is $17.34. Healthcare Realty Trust Incorporated has a twelve month low of $12.77 and a twelve month high of $18.90. The firm has a market cap of $5.85 billion, a P/E ratio of -9.37 and a beta of 0.97.

Healthcare Realty Trust (NYSE:HR) last issued 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 net margin of 51.60% and a negative return on equity of 11.20%. The business had revenue of $309.77 million for the quarter, compared to analyst estimates of $303.81 million. During the same period in the previous year, the business earned $0.39 EPS. The firm’s revenue was down 6.3% on a year-over-year basis. On average, equities analysts forecast 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 will be paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.31 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.24 annualized dividend and a dividend yield of 7.43%. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently -69.66%.

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.