Envestnet Portfolio Solutions Inc. Raises Stock Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Envestnet Portfolio Solutions Inc. boosted its holdings in Healthcare Realty Trust Incorporated (NYSE:HR) by 8.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 19,293 shares of the real estate investment trust’s stock after acquiring an additional 1,427 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Healthcare Realty Trust were worth $332,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of HR. Rush Island Management LP increased its position in shares of Healthcare Realty Trust by 43.7% during the 3rd quarter. Rush Island Management LP now owns 11,010,401 shares of the real estate investment trust’s stock valued at $168,129,000 after purchasing an additional 3,350,506 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Healthcare Realty Trust by 23.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 7,084,221 shares of the real estate investment trust’s stock valued at $108,176,000 after purchasing an additional 1,360,105 shares during the last quarter. Beach Investment Counsel Inc. PA increased its position in shares of Healthcare Realty Trust by 148.6% during the 4th quarter. Beach Investment Counsel Inc. PA now owns 1,690,994 shares of the real estate investment trust’s stock valued at $29,136,000 after purchasing an additional 1,010,841 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its position in shares of Healthcare Realty Trust by 35.9% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 2,650,000 shares of the real estate investment trust’s stock valued at $40,466,000 after purchasing an additional 700,000 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC increased its position in shares of Healthcare Realty Trust by 33.9% during the 3rd quarter. Lasalle Investment Management Securities LLC now owns 2,615,356 shares of the real estate investment trust’s stock valued at $39,936,000 after purchasing an additional 662,047 shares during the last quarter.

Healthcare Realty Trust Price Performance

HR stock opened at $15.65 on Friday. Healthcare Realty Trust Incorporated has a 1-year low of $12.77 and a 1-year high of $20.25. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of -11.77 and a beta of 0.78. The business has a 50 day simple moving average of $14.50 and a two-hundred day simple moving average of $15.17.

Healthcare Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders 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 7.92%. Healthcare Realty Trust’s dividend payout ratio is currently -93.23%.

Wall Street Analysts Forecast Growth

HR has been the subject of a number of recent research reports. Wedbush boosted their price objective on Healthcare Realty Trust from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. JPMorgan Chase & Co. cut their price objective on Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, March 6th. Stifel Nicolaus downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their price objective for the company from $19.00 to $15.00 in a research note on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft initiated coverage on Healthcare Realty Trust in a research note on Tuesday, January 30th. They set a “hold” rating and a $18.00 price objective for the company. Finally, Wells Fargo & Company cut their price objective on Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $17.20.

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.