Nuance Investments LLC Decreases Stake in Healthcare Realty Trust Incorporated (NYSE:HR)

Nuance Investments LLC lessened its holdings in Healthcare Realty Trust Incorporated (NYSE:HR) by 73.8% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,448,367 shares of the real estate investment trust’s stock after selling 4,073,375 shares during the period. Nuance Investments LLC’s holdings in Healthcare Realty Trust were worth $23,857,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of HR. Muzinich & Co. Inc. lifted its holdings in 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 acquiring an additional 1,079 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Healthcare Realty Trust by 38.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 628 shares during the last quarter. Quarry LP bought a new stake in shares of Healthcare Realty Trust during the 4th quarter worth $39,000. Principal Securities Inc. purchased a new position in shares of Healthcare Realty Trust in the 4th quarter worth about $45,000. Finally, Creekmur Asset Management LLC bought a new position in Healthcare Realty Trust during the fourth quarter valued at about $85,000.

Wall Street Analyst Weigh In

Several analysts have commented on HR shares. Wedbush lifted their price objective on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Scotiabank lifted their price target on shares of Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 7th. Finally, Wells Fargo & Company lowered Healthcare Realty Trust from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $17.00 to $16.00 in a report on Tuesday, July 30th. Two 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. Based on data from MarketBeat, Healthcare Realty Trust currently has an average rating of “Hold” and an average price target of $17.00.

Healthcare Realty Trust Stock Up 1.8 %

HR opened at $18.60 on Friday. The company has a 50 day moving average of $17.69 and a 200 day moving average of $15.87. Healthcare Realty Trust Incorporated has a 12 month low of $12.77 and a 12 month high of $18.69.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates 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 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 business earned $0.39 earnings per share. Healthcare Realty Trust’s revenue was down 6.4% on a year-over-year basis. As a group, equities analysts forecast that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Monday, August 12th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 6.67%. The ex-dividend date of this dividend was Monday, August 12th. Healthcare Realty Trust’s dividend payout ratio is presently -93.23%.

Insider Transactions at Healthcare Realty Trust

In other news, Director John Knox Singleton purchased 6,500 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average cost of $18.24 per share, with a total value of $118,560.00. Following the acquisition, the director now directly owns 57,082 shares in the company, valued at $1,041,175.68. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Thomas N. Bohjalian purchased 9,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average price of $17.39 per share, with a total value of $156,510.00. Following the acquisition, the director now directly owns 22,252 shares of the company’s stock, valued at $386,962.28. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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, for a total transaction of $118,560.00. Following the transaction, the director now owns 57,082 shares in the company, valued at approximately $1,041,175.68. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 15,728 shares of company stock valued at $279,069. 0.56% of the stock is currently owned by corporate insiders.

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.