Pictet Asset Management Holding SA Reduces Stock Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Pictet Asset Management Holding SA lessened its holdings in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,700 shares of the real estate investment trust’s stock after selling 1,749 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Healthcare Realty Trust were worth $2,029,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in Healthcare Realty Trust in the 4th quarter worth about $76,825,000. Candriam S.C.A. grew its holdings 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 last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Healthcare Realty Trust by 289.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,552,109 shares of the real estate investment trust’s stock worth $26,308,000 after buying an additional 1,153,657 shares during the period. Aew Capital Management L P increased its stake in Healthcare Realty Trust by 1,582.3% in the 4th quarter. Aew Capital Management L P now owns 920,560 shares of the real estate investment trust’s stock worth $15,603,000 after purchasing an additional 865,840 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Healthcare Realty Trust by 12.0% in the fourth quarter. Bank of New York Mellon Corp now owns 4,630,973 shares of the real estate investment trust’s stock worth $78,495,000 after buying an additional 495,599 shares during the period.

Healthcare Realty Trust Trading Down 3.2 %

HR opened at $16.12 on Friday. The company’s 50 day moving average is $16.66 and its 200 day moving average is $17.17. The company has a market cap of $5.66 billion, a price-to-earnings ratio of -9.06 and a beta of 0.97. Healthcare Realty Trust Incorporated has a 12-month low of $13.64 and a 12-month high of $18.90.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $309.77 million for the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. As a group, analysts predict that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were given a $0.31 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.24 annualized dividend and a dividend yield of 7.69%. Healthcare Realty Trust’s payout ratio is -69.66%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HR shares. Wells Fargo & Company reduced their price target on Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating on the stock in a report on Monday, March 10th. 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. StockNews.com cut Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th. JPMorgan Chase & Co. cut shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 target price for the company. in a report on Friday, December 20th. Finally, Scotiabank lowered their price target on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $17.00.

Healthcare Realty Trust 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.