Sagespring Wealth Partners LLC Makes New Investment in Healthcare Realty Trust Incorporated (NYSE:HR)

Sagespring Wealth Partners LLC acquired a new stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 13,523 shares of the real estate investment trust’s stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HR. Sterling Capital Management LLC grew its position in shares of Healthcare Realty Trust by 44.8% in the 4th quarter. Sterling Capital Management LLC now owns 20,983 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 6,489 shares during the period. Capital Fund Management S.A. purchased a new stake in Healthcare Realty Trust in the fourth quarter worth about $2,150,000. Raymond James Financial Inc. bought a new position in shares of Healthcare Realty Trust during the fourth quarter valued at approximately $3,019,000. Employees Retirement System of Texas purchased a new position in shares of Healthcare Realty Trust during the fourth quarter valued at approximately $3,390,000. Finally, Bank of Montreal Can boosted its position in shares of Healthcare Realty Trust by 10.6% in the 4th quarter. Bank of Montreal Can now owns 64,060 shares of the real estate investment trust’s stock worth $1,086,000 after purchasing an additional 6,137 shares in the last quarter.

Healthcare Realty Trust Stock Performance

Shares of NYSE:HR opened at $15.73 on Thursday. The business has a 50-day simple moving average of $16.41 and a two-hundred day simple moving average of $16.99. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of -8.84 and a beta of 0.85. Healthcare Realty Trust Incorporated has a fifty-two week low of $13.64 and a fifty-two week high of $18.90.

Healthcare Realty Trust (NYSE:HR) last issued 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. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The company had revenue of $309.77 million for the quarter, compared to the consensus estimate of $303.81 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, research analysts predict that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 7.88%. The ex-dividend date of this dividend was Monday, March 3rd. Healthcare Realty Trust’s payout ratio is currently -69.66%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HR. Wells Fargo & Company lowered their price objective on Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating for the company in a research note on Monday, March 10th. Scotiabank dropped their price target on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. Wedbush raised shares of Healthcare Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, April 7th. StockNews.com cut shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, March 27th. Finally, JPMorgan Chase & Co. cut shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price target on the stock. in a report on Friday, December 20th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, Healthcare Realty Trust has a consensus rating of “Hold” and a consensus target price of $17.00.

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.