Park Avenue Securities LLC lessened its holdings in Healthcare Realty Trust Incorporated (NYSE:HR – Free Report) by 13.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,400 shares of the real estate investment trust’s stock after selling 3,061 shares during the period. Park Avenue Securities LLC’s holdings in Healthcare Realty Trust were worth $352,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its position in 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 worth $38,000 after buying an additional 628 shares during the period. Quarry LP bought a new position in Healthcare Realty Trust during the 4th quarter worth $39,000. EverSource Wealth Advisors LLC increased its position in Healthcare Realty Trust by 260.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,809 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 2,030 shares during the period. Creekmur Asset Management LLC bought a new position in Healthcare Realty Trust during the 4th quarter worth $85,000. Finally, GAMMA Investing LLC increased its position in Healthcare Realty Trust by 67.2% during the 2nd quarter. GAMMA Investing LLC now owns 5,569 shares of the real estate investment trust’s stock worth $92,000 after buying an additional 2,238 shares during the period.
Insider Transactions at Healthcare Realty Trust
In related news, Director Thomas N. Bohjalian acquired 9,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average cost of $17.39 per share, with a total value of $156,510.00. Following the completion of the purchase, the director now directly owns 22,252 shares in the company, valued at $386,962.28. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. In related news, Director John Knox Singleton acquired 6,500 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average cost of $18.24 per share, with a total value 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 purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Thomas N. Bohjalian purchased 9,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was acquired at an average cost of $17.39 per share, for a total transaction of $156,510.00. Following the completion of the purchase, the director now owns 22,252 shares of the company’s stock, valued at approximately $386,962.28. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 15,728 shares of company stock worth $279,069. Insiders own 0.56% of the company’s stock.
Healthcare Realty Trust Stock Up 1.2 %
Healthcare Realty Trust (NYSE:HR – Get Free Report) last released its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported ($0.39) earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.77). The firm had revenue of $316.30 million for 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 business’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. As a group, analysts expect that Healthcare Realty Trust Incorporated will post 1.55 earnings per share for the current year.
Healthcare Realty Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Monday, August 12th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 7.18%. The ex-dividend date was Monday, August 12th. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently -93.23%.
Analyst Ratings Changes
A number of research analysts recently commented on HR shares. Scotiabank raised their price target 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. Wedbush raised their price target 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 issued a $17.00 price target (up previously from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.14.
Get Our Latest Research Report on Healthcare Realty Trust
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.
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