Taylor Frigon Capital Management LLC Trims Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Taylor Frigon Capital Management LLC lowered its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 101,343 shares of the real estate investment trust’s stock after selling 3,162 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in Healthcare Realty Trust were worth $1,839,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board grew its position in Healthcare Realty Trust by 52.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 10,942,261 shares of the real estate investment trust’s stock valued at $154,833,000 after buying an additional 3,758,040 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Healthcare Realty Trust by 1.4% during the first quarter. Vanguard Group Inc. now owns 54,246,277 shares of the real estate investment trust’s stock worth $767,585,000 after acquiring an additional 723,197 shares during the period. Renaissance Technologies LLC purchased a new position in Healthcare Realty Trust during the second quarter worth about $10,304,000. Candriam S.C.A. acquired a new stake in Healthcare Realty Trust in the second quarter valued at about $8,911,000. Finally, Natixis purchased a new stake in Healthcare Realty Trust in the 1st quarter valued at approximately $6,311,000.

Healthcare Realty Trust Price Performance

HR traded down $0.04 during trading on Thursday, reaching $18.20. 316,616 shares of the stock were exchanged, compared to its average volume of 3,443,134. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of -13.74 and a beta of 0.91. Healthcare Realty Trust Incorporated has a 1 year low of $12.77 and a 1 year high of $18.90. The business’s 50 day moving average price is $17.85 and its two-hundred day moving average price is $16.75.

Healthcare Realty Trust (NYSE:HR) last released 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 return on equity of 8.50% and a negative net margin of 42.79%. The business had revenue of $316.30 million during the quarter, compared to analysts’ expectations of $317.90 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. Healthcare Realty Trust’s quarterly revenue was down 6.4% on a year-over-year basis. On average, analysts anticipate that Healthcare Realty Trust Incorporated will post 1.55 EPS for the current year.

Healthcare Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Monday, August 12th were paid a dividend of $0.31 per share. The ex-dividend date was Monday, August 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.81%. Healthcare Realty Trust’s dividend payout ratio (DPR) is -93.23%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Scotiabank increased their target price on Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. Wedbush increased their price objective on Healthcare Realty Trust from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company restated an “underweight” rating and set a $17.00 target price (up from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $17.14.

Insider Buying and Selling

In related news, Director John Knox Singleton bought 6,500 shares of the stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of $18.24 per share, for a total transaction of $118,560.00. Following the acquisition, the director now owns 57,082 shares in the company, valued at $1,041,175.68. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Thomas N. Bohjalian bought 9,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average price of $17.39 per share, with a total value of $156,510.00. Following the purchase, the director now owns 22,252 shares of the company’s stock, valued at $386,962.28. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Knox Singleton purchased 6,500 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were purchased at an average cost of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the purchase, the director now directly owns 57,082 shares in the company, valued at $1,041,175.68. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 15,728 shares of company stock worth $279,069 in the last ninety days. Insiders own 0.56% of the company’s stock.

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.