Channing Capital Management LLC Invests $7.75 Million in Healthcare Realty Trust Incorporated (NYSE:HR)

Channing Capital Management LLC purchased a new stake in Healthcare Realty Trust Incorporated (NYSE:HR) in the fourth quarter, Holdings Channel.com reports. The firm purchased 449,702 shares of the real estate investment trust’s stock, valued at approximately $7,748,000.

A number of other institutional investors have also made changes to their positions in the business. Provence Wealth Management Group bought a new position in shares of Healthcare Realty Trust in the third quarter worth about $25,000. Lindbrook Capital LLC raised its position in Healthcare Realty Trust by 106.0% in the 4th quarter. Lindbrook Capital LLC now owns 1,854 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 954 shares during the last quarter. Quent Capital LLC lifted its holdings in Healthcare Realty Trust by 47.4% during the 4th quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 622 shares in the last quarter. International Assets Investment Management LLC bought a new position in Healthcare Realty Trust in the 4th quarter valued at $45,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Healthcare Realty Trust in the 4th quarter valued at $107,000.

Wall Street Analyst Weigh In

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

Healthcare Realty Trust Stock Up 2.2 %

HR traded up $0.32 during trading on Friday, hitting $14.88. The company had a trading volume of 3,483,616 shares, compared to its average volume of 3,544,087. The firm’s 50-day moving average price is $13.83 and its 200 day moving average price is $15.05. The company has a market capitalization of $5.67 billion, a PE ratio of -20.11 and a beta of 0.78. Healthcare Realty Trust Incorporated has a one year low of $12.77 and a one year high of $20.30.

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 for the quarter, missing the consensus estimate of $0.40 by ($0.51). The firm had revenue of $330.40 million for the quarter, compared to analyst estimates of $334.32 million. Healthcare Realty Trust had a negative return on equity of 3.87% and a negative net margin of 20.71%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 earnings per share. Sell-side analysts forecast that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current year.

Healthcare Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Monday, May 13th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.33%. The ex-dividend date of this dividend is Friday, May 10th. Healthcare Realty Trust’s dividend payout ratio is presently -167.57%.

About Healthcare Realty Trust

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.