JB Capital LLC Sells 661 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

JB Capital LLC lessened its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 5.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 10,911 shares of the real estate investment trust’s stock after selling 661 shares during the quarter. JB Capital LLC’s holdings in Healthcare Realty Trust were worth $180,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Lindbrook Capital LLC raised its holdings 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 valued at $32,000 after acquiring an additional 954 shares during the period. Muzinich & Co. Inc. increased its stake in shares of Healthcare Realty Trust by 98.1% during the fourth quarter. Muzinich & Co. Inc. now owns 2,179 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 1,079 shares during the period. Quarry LP bought a new position in shares of Healthcare Realty Trust during the fourth quarter worth approximately $39,000. International Assets Investment Management LLC bought a new stake in Healthcare Realty Trust in the 4th quarter valued at $45,000. Finally, Principal Securities Inc. bought a new stake in Healthcare Realty Trust in the 4th quarter valued at $45,000.

Insider Activity

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian bought 9,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of $17.39 per share, for a total transaction of $156,510.00. Following the transaction, the director now directly owns 22,252 shares in the company, valued at $386,962.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.56% of the stock is currently owned by insiders.

Healthcare Realty Trust Stock Up 1.0 %

Shares of HR stock traded up $0.18 during trading hours on Friday, reaching $17.60. The company’s stock had a trading volume of 2,636,301 shares, compared to its average volume of 3,515,043. Healthcare Realty Trust Incorporated has a fifty-two week low of $12.77 and a fifty-two week high of $18.33. The firm’s 50 day simple moving average is $17.25 and its 200-day simple moving average is $15.56. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of -13.23 and a beta of 0.89.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.38 by ($0.77). Healthcare Realty Trust had a negative net margin of 37.53% and a negative return on equity of 7.22%. The company had revenue of $316.30 million during the quarter, compared to the consensus estimate of $317.90 million. During the same period in the previous year, the company earned $0.39 EPS. Healthcare Realty Trust’s revenue for the quarter was down 6.4% on a year-over-year basis. Sell-side analysts predict that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current year.

Healthcare Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Monday, August 12th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 7.05%. The ex-dividend date of this dividend is Monday, August 12th. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently -93.23%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Wells Fargo & Company cut shares of Healthcare Realty Trust from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $17.00 to $16.00 in a research note on Tuesday, July 30th. Wedbush lifted their price target on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, Scotiabank increased their price target on Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $17.00.

Healthcare Realty Trust 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.