Marble Harbor Investment Counsel LLC Raises Stock Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Marble Harbor Investment Counsel LLC boosted its holdings in Healthcare Realty Trust Incorporated (NYSE:HR) by 3.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 848,179 shares of the real estate investment trust’s stock after acquiring an additional 30,888 shares during the period. Healthcare Realty Trust makes up 1.6% of Marble Harbor Investment Counsel LLC’s portfolio, making the stock its 18th largest holding. Marble Harbor Investment Counsel LLC’s holdings in Healthcare Realty Trust were worth $14,377,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Healthcare Realty Trust during the 4th quarter valued at about $1,388,000. Candriam S.C.A. grew its stake in shares of Healthcare Realty Trust by 201.4% during the 4th quarter. Candriam S.C.A. now owns 1,729,651 shares of the real estate investment trust’s stock valued at $29,318,000 after purchasing an additional 1,155,745 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Healthcare Realty Trust during the 4th quarter valued at about $3,019,000. Proficio Capital Partners LLC bought a new stake in shares of Healthcare Realty Trust during the 4th quarter valued at about $440,000. Finally, M&T Bank Corp grew its stake in shares of Healthcare Realty Trust by 6.3% during the 4th quarter. M&T Bank Corp now owns 44,219 shares of the real estate investment trust’s stock valued at $749,000 after purchasing an additional 2,616 shares during the period.

Wall Street Analyst Weigh In

HR has been the subject of a number of recent research reports. JPMorgan Chase & Co. downgraded Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price target for the company. in a research note on Friday, December 20th. Wedbush reiterated an “outperform” rating and set a $16.00 price objective on shares of Healthcare Realty Trust in a research note on Thursday, February 20th. Scotiabank cut their price objective 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. StockNews.com downgraded Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Jefferies Financial Group downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their price objective for the company from $19.00 to $17.00 in a research note on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $17.20.

Insiders Place Their Bets

In other news, COO Robert E. Hull sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $17.48, for a total transaction of $174,800.00. Following the sale, the chief operating officer now directly owns 171,400 shares of the company’s stock, valued at $2,996,072. This represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Healthcare Realty Trust Trading Up 1.6 %

Shares of NYSE:HR opened at $16.78 on Friday. Healthcare Realty Trust Incorporated has a 12-month low of $12.77 and a 12-month high of $18.90. The company has a market cap of $5.89 billion, a PE ratio of -9.42 and a beta of 0.94. The stock has a 50 day moving average of $16.61 and a 200 day moving average of $17.35.

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

Healthcare Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.24 annualized dividend and a yield of 7.39%. 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.