Dimensional Fund Advisors LP Cuts Stock Holdings in Healthcare Realty Trust Incorporated $HR

Dimensional Fund Advisors LP reduced its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 2.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 4,895,247 shares of the real estate investment trust’s stock after selling 123,201 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Healthcare Realty Trust were worth $83,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in HR. Parallel Advisors LLC increased its holdings in Healthcare Realty Trust by 74.7% in the first quarter. Parallel Advisors LLC now owns 9,496 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 4,060 shares in the last quarter. Swiss National Bank boosted its stake in shares of Healthcare Realty Trust by 0.4% during the 1st quarter. Swiss National Bank now owns 661,300 shares of the real estate investment trust’s stock worth $11,235,000 after acquiring an additional 2,700 shares in the last quarter. Main Street Group LTD purchased a new stake in shares of Healthcare Realty Trust during the 1st quarter worth about $42,000. AMG National Trust Bank acquired a new stake in shares of Healthcare Realty Trust during the 1st quarter valued at about $1,974,000. Finally, State of Michigan Retirement System grew its position in shares of Healthcare Realty Trust by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 83,953 shares of the real estate investment trust’s stock valued at $1,426,000 after acquiring an additional 900 shares during the period.

Insiders Place Their Bets

In other Healthcare Realty Trust news, CAO Amanda L. Callaway sold 25,767 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $20.37, for a total transaction of $524,873.79. Following the transaction, the chief accounting officer owned 109,954 shares of the company’s stock, valued at approximately $2,239,762.98. The trade was a 18.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.56% of the company’s stock.

Healthcare Realty Trust Price Performance

HR opened at $21.48 on Friday. The company’s 50 day simple moving average is $20.54 and its two-hundred day simple moving average is $18.93. Healthcare Realty Trust Incorporated has a 1-year low of $15.28 and a 1-year high of $22.04. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of -37.04 and a beta of 0.98.

Healthcare Realty Trust (NYSE:HR) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $275.28 million for the quarter, compared to analysts’ expectations of $283.01 million. Healthcare Realty Trust had a negative return on equity of 4.29% and a negative net margin of 17.34%.The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS. On average, equities analysts anticipate that Healthcare Realty Trust Incorporated will post 1.63 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Tuesday, August 11th will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.96 dividend on an annualized basis and a yield of 4.5%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -165.52%.

Analysts Set New Price Targets

A number of research firms recently weighed in on HR. BTIG Research reaffirmed a “buy” rating and issued a $22.00 price target on shares of Healthcare Realty Trust in a report on Friday, June 12th. UBS Group boosted their price objective on Healthcare Realty Trust from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Weiss Ratings downgraded Healthcare Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Raymond James Financial initiated coverage on Healthcare Realty Trust in a research report on Tuesday, June 16th. They set an “outperform” rating and a $24.00 target price on the stock. Finally, Citigroup lifted their price target on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $21.67.

About Healthcare Realty Trust

Healthcare Realty Trust (NYSE: HR) is a real estate investment trust specializing in the ownership, acquisition and management of outpatient medical facilities. Headquartered in Nashville, Tennessee, the company’s portfolio is focused primarily on medical office buildings and outpatient healthcare properties that serve hospitals, health systems and other healthcare providers. Its business model centers on securing long-term, triple-net leases to generate stable income streams from a diversified tenant base.

The company’s properties are located across key metropolitan markets in the United States, including major healthcare hubs in the Southeast, Southwest and in select coastal regions.