Healthcare Realty Trust Incorporated (NYSE:HR) Director Purchases 6,500 Shares

Healthcare Realty Trust Incorporated (NYSE:HR) Director John Knox Singleton acquired 6,500 shares of the stock in a transaction dated Thursday, September 5th. The shares were bought at an average price of $18.24 per share, with a total value of $118,560.00. Following the completion of the transaction, the director now directly owns 57,082 shares of the company’s stock, valued at $1,041,175.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Healthcare Realty Trust Stock Performance

Shares of HR stock opened at $17.95 on Friday. The company has a market cap of $6.79 billion, a P/E ratio of -13.50 and a beta of 0.89. The stock has a 50 day simple moving average of $17.55 and a two-hundred day simple moving average of $15.74. Healthcare Realty Trust Incorporated has a fifty-two week low of $12.77 and a fifty-two week high of $18.47.

Healthcare Realty Trust (NYSE:HR) last issued its earnings results on Friday, August 2nd. The real estate investment trust reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.77). The business had revenue of $316.30 million during the quarter, compared to the consensus estimate of $317.90 million. Healthcare Realty Trust had a negative return on equity of 8.50% and a negative net margin of 42.79%. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 earnings per share. On average, research analysts predict that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current year.

Healthcare Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 12th were issued a $0.31 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.24 dividend on an annualized basis and a yield of 6.91%. Healthcare Realty Trust’s payout ratio is currently -93.23%.

Institutional Investors Weigh In On Healthcare Realty Trust

A number of hedge funds have recently added to or reduced their stakes in HR. Muzinich & Co. Inc. grew its stake in 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 valued at $38,000 after acquiring an additional 1,079 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Healthcare Realty Trust by 38.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 628 shares during the period. Quarry LP acquired a new stake in Healthcare Realty Trust in the fourth quarter valued at approximately $39,000. Principal Securities Inc. acquired a new stake in Healthcare Realty Trust in the fourth quarter valued at approximately $45,000. Finally, EverSource Wealth Advisors LLC grew its stake in Healthcare Realty Trust by 260.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,809 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 2,030 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HR shares. Wells Fargo & Company downgraded Healthcare Realty Trust from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $17.00 to $16.00 in a research report on Tuesday, July 30th. Scotiabank raised their price objective 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. Finally, Wedbush raised 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $17.00.

About Healthcare Realty Trust

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.