Creekmur Asset Management LLC Takes Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Creekmur Asset Management LLC acquired a new stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,933 shares of the real estate investment trust’s stock, valued at approximately $85,000.

A number of other large investors have also recently made changes to their positions in HR. Provence Wealth Management Group acquired a new position in Healthcare Realty Trust during the third quarter valued at $25,000. Lindbrook Capital LLC lifted its position in Healthcare Realty Trust by 106.0% during the fourth quarter. Lindbrook Capital LLC now owns 1,854 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 954 shares during the period. Quent Capital LLC lifted its position in Healthcare Realty Trust by 47.4% during the fourth quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 622 shares during the period. Muzinich & Co. Inc. raised its position in shares of Healthcare Realty Trust by 98.1% in the fourth quarter. Muzinich & Co. Inc. now owns 2,179 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 1,079 shares during the period. Finally, Quarry LP acquired a new position in shares of Healthcare Realty Trust in the fourth quarter worth about $39,000.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Stifel Nicolaus downgraded shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $19.00 to $15.00 in a research report on Tuesday, February 20th. Wells Fargo & Company upped their price target on shares of Healthcare Realty Trust from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday. Scotiabank upped their price target on shares of Healthcare Realty Trust from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. JPMorgan Chase & Co. reduced their price target on shares of Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th. Finally, Wedbush upped their price target on shares of Healthcare Realty Trust from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Healthcare Realty Trust currently has a consensus rating of “Hold” and an average target price of $17.40.

Healthcare Realty Trust Stock Down 0.2 %

Shares of Healthcare Realty Trust stock traded down $0.04 during mid-day trading on Friday, hitting $16.50. The stock had a trading volume of 5,552,308 shares, compared to its average volume of 3,192,461. The firm has a market cap of $6.25 billion, a P/E ratio of -12.41 and a beta of 0.86. The firm has a 50-day moving average of $15.27 and a two-hundred day moving average of $15.36. Healthcare Realty Trust Incorporated has a 12-month low of $12.77 and a 12-month high of $20.25.

Healthcare Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Monday, May 13th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.52%. Healthcare Realty Trust’s payout ratio is currently -93.23%.

Healthcare Realty Trust Company Profile

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.