Sage Investment Counsel LLC Takes $431,000 Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Sage Investment Counsel LLC bought a new stake in Healthcare Realty Trust Incorporated (NYSE:HR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 25,445 shares of the real estate investment trust’s stock, valued at approximately $431,000.

Several other hedge funds also recently modified their holdings of HR. Pacer Advisors Inc. raised its holdings in Healthcare Realty Trust by 1.1% during the 4th quarter. Pacer Advisors Inc. now owns 70,776 shares of the real estate investment trust’s stock worth $1,200,000 after buying an additional 786 shares during the period. Park Avenue Securities LLC raised its holdings in Healthcare Realty Trust by 4.1% during the 4th quarter. Park Avenue Securities LLC now owns 20,193 shares of the real estate investment trust’s stock worth $342,000 after buying an additional 793 shares during the period. Consolidated Portfolio Review Corp raised its holdings in Healthcare Realty Trust by 1.5% during the 4th quarter. Consolidated Portfolio Review Corp now owns 55,333 shares of the real estate investment trust’s stock worth $938,000 after buying an additional 808 shares during the period. Blue Trust Inc. raised its holdings in Healthcare Realty Trust by 130.3% during the 4th quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 925 shares during the period. Finally, Private Advisor Group LLC raised its holdings in Healthcare Realty Trust by 3.6% during the 3rd quarter. Private Advisor Group LLC now owns 30,358 shares of the real estate investment trust’s stock worth $551,000 after buying an additional 1,062 shares during the period.

Healthcare Realty Trust Trading Up 1.8 %

NYSE:HR opened at $17.11 on Friday. Healthcare Realty Trust Incorporated has a 1-year low of $12.77 and a 1-year high of $18.90. The firm has a fifty day simple moving average of $16.63 and a 200 day simple moving average of $17.37. The stock has a market capitalization of $6.06 billion, a PE ratio of -9.61 and a beta of 0.94.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The business had revenue of $309.77 million during the quarter, compared to analysts’ expectations of $303.81 million. During the same period last year, the business earned $0.39 earnings per share. The firm’s revenue was down 6.3% on a year-over-year basis. On average, equities 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 7.25%. Healthcare Realty Trust’s dividend payout ratio (DPR) is -69.66%.

Insiders Place Their Bets

In related news, Director Peter F. Sr Lyle, Sr. acquired 10,000 shares of Healthcare Realty Trust stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $17.21 per share, with a total value of $172,100.00. Following the completion of the transaction, the director now directly owns 26,576 shares in the company, valued at $457,372.96. This trade represents a 60.33 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wedbush reiterated an “outperform” rating and issued a $16.00 price objective on shares of Healthcare Realty Trust in a report on Thursday, February 20th. StockNews.com upgraded shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday. Jefferies Financial Group downgraded shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their price objective for the company from $19.00 to $17.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. downgraded shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a report on Friday, December 20th. Finally, Scotiabank lowered their price objective on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Healthcare Realty Trust has an average rating of “Hold” and an average price target of $17.20.

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.