Victory Capital Management Inc. Sells 2,179 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Victory Capital Management Inc. lowered its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 3.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 68,977 shares of the real estate investment trust’s stock after selling 2,179 shares during the period. Victory Capital Management Inc.’s holdings in Healthcare Realty Trust were worth $1,169,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HR. Smartleaf Asset Management LLC lifted its stake in Healthcare Realty Trust by 59.0% during the 4th 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 during the period. Blue Trust Inc. lifted 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 worth $30,000 after purchasing an additional 925 shares during the period. Synergy Investment Management LLC bought a new position in shares of Healthcare Realty Trust in the 4th quarter worth approximately $36,000. Jones Financial Companies Lllp lifted its stake in shares of Healthcare Realty Trust by 68.7% in the 4th quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 1,249 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in shares of Healthcare Realty Trust in the 3rd quarter worth approximately $65,000.

Healthcare Realty Trust Price Performance

HR stock opened at $16.79 on Thursday. Healthcare Realty Trust Incorporated has a 1-year low of $12.91 and a 1-year high of $18.90. The company has a market capitalization of $5.89 billion, a P/E ratio of -9.43 and a beta of 0.97. The business has a 50-day moving average price of $16.60 and a 200 day moving average price of $17.28.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The business had revenue of $309.77 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 earnings per share. On average, analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 7.39%. The ex-dividend date was Monday, March 3rd. Healthcare Realty Trust’s payout ratio is presently -69.66%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HR. Wedbush reiterated an “outperform” rating and issued a $16.00 price objective on shares of Healthcare Realty Trust in a research note on Thursday, February 20th. Jefferies Financial Group cut shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $19.00 to $17.00 in a research note on Thursday, January 2nd. StockNews.com upgraded shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Company lowered their price objective 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. Finally, JPMorgan Chase & Co. cut shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Friday, December 20th. One equities 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.00.

About Healthcare Realty Trust

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.