Taylor Frigon Capital Management LLC Sells 2,857 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Taylor Frigon Capital Management LLC trimmed its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,486 shares of the real estate investment trust’s stock after selling 2,857 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Healthcare Realty Trust were worth $1,669,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of Healthcare Realty Trust by 130.3% during the fourth quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 925 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Healthcare Realty Trust during the third quarter worth $65,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Healthcare Realty Trust during the third quarter worth $78,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Healthcare Realty Trust during the third quarter worth $89,000. Finally, Allworth Financial LP lifted its position in shares of Healthcare Realty Trust by 118.8% during the fourth quarter. Allworth Financial LP now owns 5,152 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 2,797 shares in the last quarter.

Insider Activity at Healthcare Realty Trust

In other news, COO Robert E. Hull sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $17.48, for a total transaction of $174,800.00. Following the transaction, the chief operating officer now directly owns 171,400 shares of the company’s stock, valued at approximately $2,996,072. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $19.00 to $17.00 in a research report on Thursday, January 2nd. StockNews.com upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday. Scotiabank lowered their price objective on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. downgraded Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research report on Friday, December 20th. Finally, Wedbush reiterated an “outperform” rating and issued a $16.00 price objective on shares of Healthcare Realty Trust in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. 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 Down 0.7 %

HR opened at $16.74 on Thursday. The stock has a market cap of $5.93 billion, a PE ratio of -9.40 and a beta of 0.94. Healthcare Realty Trust Incorporated has a 52 week low of $12.77 and a 52 week high of $18.90. The business’s fifty day simple moving average is $16.63 and its 200 day simple moving average is $17.38.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The business had revenue of $309.77 million for the quarter, compared to analysts’ expectations of $303.81 million. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The firm’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 earnings per share. As a group, equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, March 3rd will be paid a $0.31 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 7.41%. Healthcare Realty Trust’s dividend payout ratio is presently -69.66%.

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.