California Public Employees Retirement System Boosts Stock Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

California Public Employees Retirement System increased its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 1.6% during the 4th quarter, Holdings Channel reports. The fund owned 1,707,523 shares of the real estate investment trust’s stock after purchasing an additional 26,106 shares during the quarter. California Public Employees Retirement System’s holdings in Healthcare Realty Trust were worth $28,943,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. boosted its stake in shares of 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 valued at $30,000 after buying an additional 925 shares during the period. Smartleaf Asset Management LLC raised its holdings in Healthcare Realty Trust by 59.0% in 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 acquiring an additional 612 shares in the last quarter. Synergy Investment Management LLC purchased a new position in Healthcare Realty Trust in the fourth quarter worth approximately $36,000. Jones Financial Companies Lllp grew its holdings in Healthcare Realty Trust by 68.7% during the 4th quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,249 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Healthcare Realty Trust in the 3rd quarter valued at approximately $78,000.

Healthcare Realty Trust Stock Performance

Healthcare Realty Trust stock opened at $16.65 on Friday. The stock has a 50-day simple moving average of $16.67 and a 200-day simple moving average of $17.18. The company has a market capitalization of $5.84 billion, a P/E ratio of -9.35 and a beta of 0.97. Healthcare Realty Trust Incorporated has a fifty-two week low of $13.64 and a fifty-two week high of $18.90.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data 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. The business had revenue of $309.77 million during the quarter, compared to the consensus estimate of $303.81 million. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The company’s revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 earnings per share. As a group, analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 7.45%. Healthcare Realty Trust’s dividend payout ratio is presently -69.66%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HR shares. Wedbush reaffirmed an “outperform” rating and set a $16.00 price objective on shares of Healthcare Realty Trust in a research report on Thursday, February 20th. StockNews.com downgraded Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, March 27th. JPMorgan Chase & Co. downgraded 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. Scotiabank decreased their target price on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company dropped their price target on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $17.00.

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.