Pictet Asset Management Holding SA Sells 1,749 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Pictet Asset Management Holding SA lowered its holdings in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. boosted its stake in shares of Healthcare Realty Trust by 2.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 482,970 shares of the real estate investment trust’s stock worth $8,186,000 after purchasing an additional 10,300 shares during the period. New Age Alpha Advisors LLC purchased a new position in shares of Healthcare Realty Trust during the fourth quarter valued at $2,276,000. Norges Bank purchased a new position in Healthcare Realty Trust during the 4th quarter valued at about $76,825,000. LPL Financial LLC raised its stake in Healthcare Realty Trust by 5.3% in the fourth quarter. LPL Financial LLC now owns 292,851 shares of the real estate investment trust’s stock worth $4,964,000 after buying an additional 14,616 shares in the last quarter. Finally, Samalin Investment Counsel LLC raised its position in shares of Healthcare Realty Trust by 6.9% in the 4th quarter. Samalin Investment Counsel LLC now owns 31,777 shares of the real estate investment trust’s stock worth $539,000 after acquiring an additional 2,050 shares in the last quarter.

Analyst Upgrades and Downgrades

HR has been the subject of several recent analyst reports. Jefferies Financial Group lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $19.00 to $17.00 in a research note on Thursday, January 2nd. StockNews.com downgraded Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, March 27th. Wedbush restated an “outperform” rating and set a $16.00 target price on shares of Healthcare Realty Trust in a research report on Thursday, February 20th. Wells Fargo & Company lowered their price objective on Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. lowered shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.00.

Healthcare Realty Trust Price Performance

NYSE HR opened at $16.12 on Friday. Healthcare Realty Trust Incorporated has a 1-year low of $13.64 and a 1-year high of $18.90. The company has a market cap of $5.66 billion, a PE ratio of -9.06 and a beta of 0.97. The stock’s 50 day simple moving average is $16.66 and its 200-day simple moving average is $17.17.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share (EPS) 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 company had revenue of $309.77 million during the quarter, compared to analysts’ expectations of $303.81 million. During the same quarter in the prior year, the company earned $0.39 EPS. Healthcare Realty Trust’s revenue was down 6.3% compared to the same quarter last year. On average, equities research analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal 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 dividend on an annualized basis and a dividend yield of 7.69%. The ex-dividend date of this dividend was Monday, March 3rd. Healthcare Realty Trust’s dividend payout ratio is currently -69.66%.

About Healthcare Realty Trust

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.