Taylor Frigon Capital Management LLC Lowers Stock Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Taylor Frigon Capital Management LLC decreased its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 2.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 98,486 shares of the real estate investment trust’s stock after selling 2,857 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in Healthcare Realty Trust were worth $1,669,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Private Advisor Group LLC lifted its stake in Healthcare Realty Trust by 3.6% in the 3rd quarter. Private Advisor Group LLC now owns 30,358 shares of the real estate investment trust’s stock worth $551,000 after purchasing an additional 1,062 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Healthcare Realty Trust by 559.8% in the 3rd quarter. International Assets Investment Management LLC now owns 123,692 shares of the real estate investment trust’s stock worth $22,450,000 after purchasing an additional 104,944 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Healthcare Realty Trust by 33.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,693 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 3,715 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Healthcare Realty Trust by 5.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 44,034 shares of the real estate investment trust’s stock worth $799,000 after purchasing an additional 2,446 shares in the last quarter. Finally, abrdn plc lifted its stake in Healthcare Realty Trust by 2.6% in the 3rd quarter. abrdn plc now owns 252,889 shares of the real estate investment trust’s stock worth $4,590,000 after purchasing an additional 6,419 shares in the last quarter.

Analyst Ratings Changes

HR has been the topic of several research analyst reports. Wedbush reiterated an “outperform” rating and issued a $16.00 price target 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 decreased their price target for the stock from $19.00 to $17.00 in a research note on Thursday, January 2nd. Scotiabank decreased their target price on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Tuesday. 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 report on Friday, December 20th. Finally, StockNews.com upgraded shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Healthcare Realty Trust presently has an average rating of “Hold” and an average target price of $17.20.

Insider Activity at Healthcare Realty Trust

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 shares were bought at an average cost of $17.21 per share, for a total transaction of $172,100.00. Following the acquisition, the director now 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is currently owned by insiders.

Healthcare Realty Trust Trading Down 0.7 %

Shares of NYSE HR opened at $16.74 on Thursday. The firm’s 50-day moving average price is $16.63 and its 200-day moving average price is $17.38. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of -9.40 and a beta of 0.94. Healthcare Realty Trust Incorporated has a 12-month low of $12.77 and a 12-month high of $18.90.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. The company had revenue of $309.77 million for the quarter, compared to the consensus estimate of $303.81 million. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The firm’s revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS. On average, equities analysts predict that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, March 3rd will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.24 annualized dividend and a yield of 7.41%. Healthcare Realty Trust’s payout ratio is -69.66%.

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.