Wolverine Asset Management LLC Makes New Investment in Healthcare Realty Trust Incorporated (NYSE:HR)

Wolverine Asset Management LLC bought a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) in the fourth quarter, Holdings Channel.com reports. The firm bought 13,469 shares of the real estate investment trust’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AE Wealth Management LLC boosted its holdings in Healthcare Realty Trust by 3.3% in the 3rd quarter. AE Wealth Management LLC now owns 38,313 shares of the real estate investment trust’s stock valued at $585,000 after purchasing an additional 1,238 shares during the period. HGK Asset Management Inc. grew its position in Healthcare Realty Trust by 14.1% in the third quarter. HGK Asset Management Inc. now owns 28,676 shares of the real estate investment trust’s stock worth $438,000 after acquiring an additional 3,535 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Healthcare Realty Trust by 1.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 81,214 shares of the real estate investment trust’s stock valued at $1,240,000 after purchasing an additional 953 shares during the last quarter. Armor Investment Advisors LLC grew its position in Healthcare Realty Trust by 8.1% during the third quarter. Armor Investment Advisors LLC now owns 84,501 shares of the real estate investment trust’s stock valued at $1,290,000 after acquiring an additional 6,330 shares during the last quarter. Finally, Xponance Inc. boosted its stake in shares of Healthcare Realty Trust by 2.4% in the 3rd quarter. Xponance Inc. now owns 47,777 shares of the real estate investment trust’s stock valued at $730,000 after purchasing an additional 1,125 shares in the last quarter.

Healthcare Realty Trust Stock Performance

NYSE HR opened at $14.14 on Friday. Healthcare Realty Trust Incorporated has a 1-year low of $12.77 and a 1-year high of $20.32. The business has a 50 day simple moving average of $13.77 and a two-hundred day simple moving average of $15.07.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.51). Healthcare Realty Trust had a negative net margin of 20.71% and a negative return on equity of 3.87%. The company had revenue of $330.40 million during the quarter, compared to the consensus estimate of $334.32 million. During the same period in the previous year, the business earned $0.42 earnings per share. Healthcare Realty Trust’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, equities analysts anticipate that Healthcare Realty Trust Incorporated will post 1.56 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Monday, February 26th were paid a $0.31 dividend. The ex-dividend date was Friday, February 23rd. This represents a $1.24 dividend on an annualized basis and a yield of 8.77%. Healthcare Realty Trust’s payout ratio is -167.57%.

Analyst Ratings Changes

Several brokerages have weighed in on HR. Wells Fargo & Company lowered their price objective on Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of Healthcare Realty Trust in a research report on Tuesday, January 30th. They issued a “hold” rating and a $18.00 target price for the company. JPMorgan Chase & Co. lowered their target price on Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, March 6th. Wedbush cut shares of Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $19.00 to $15.00 in a research report on Tuesday, February 20th. Finally, Stifel Nicolaus downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their price target for the stock from $19.00 to $15.00 in a research note on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $17.20.

Healthcare Realty Trust 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.