Sequoia Financial Advisors LLC Cuts Stock Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Sequoia Financial Advisors LLC lowered its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 14.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,663 shares of the real estate investment trust’s stock after selling 2,871 shares during the period. Sequoia Financial Advisors LLC’s holdings in Healthcare Realty Trust were worth $250,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Lindbrook Capital LLC increased its position in shares of Healthcare Realty Trust by 106.0% during the 4th quarter. Lindbrook Capital LLC now owns 1,854 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 954 shares during the last quarter. Quent Capital LLC boosted its stake in Healthcare Realty Trust by 47.4% in the fourth quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 622 shares during the last quarter. Muzinich & Co. Inc. boosted its stake in Healthcare Realty Trust by 98.1% in the fourth quarter. Muzinich & Co. Inc. now owns 2,179 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 1,079 shares during the last quarter. Quarry LP purchased a new stake in shares of Healthcare Realty Trust during the 4th quarter worth approximately $39,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Healthcare Realty Trust in the 4th quarter worth approximately $45,000.

Healthcare Realty Trust Trading Down 0.1 %

HR stock opened at $16.95 on Wednesday. The firm has a 50 day moving average of $16.08 and a 200-day moving average of $15.38. The firm has a market capitalization of $6.42 billion, a P/E ratio of -12.74 and a beta of 0.89. Healthcare Realty Trust Incorporated has a 12 month low of $12.77 and a 12 month high of $20.25.

Healthcare Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Monday, May 13th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 7.32%. The ex-dividend date was Friday, May 10th. Healthcare Realty Trust’s payout ratio is -93.23%.

Analyst Ratings Changes

A number of research firms have issued reports on HR. Scotiabank raised their target price on Healthcare Realty Trust from $16.00 to $17.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Wells Fargo & Company lifted their price objective on Healthcare Realty Trust from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, June 14th. Finally, Wedbush upped their price objective on shares of Healthcare Realty Trust from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $17.50.

Healthcare Realty Trust Company Profile

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.