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

Healthcare Realty Trust Incorporated (NYSE:HR) Director John Knox Singleton acquired 6,500 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average cost of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the acquisition, the director now 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 this hyperlink.

Healthcare Realty Trust Stock Down 0.3 %

Shares of HR stock opened at $17.95 on Friday. The business has a fifty day simple moving average of $17.55 and a 200 day simple moving average of $15.74. The company has a market cap of $6.79 billion, a P/E ratio of -13.50 and a beta of 0.89. Healthcare Realty Trust Incorporated has a twelve month low of $12.77 and a twelve month high of $18.47.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings data 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 business had revenue of $316.30 million during the quarter, compared to analyst estimates of $317.90 million. Healthcare Realty Trust had a negative net margin of 42.79% and a negative return on equity of 8.50%. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period last year, the business earned $0.39 earnings per share. As a group, equities research analysts anticipate that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Monday, August 12th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 6.91%. The ex-dividend date of this dividend was Monday, August 12th. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -93.23%.

Institutional Trading of Healthcare Realty Trust

Several large investors have recently bought and sold shares of the business. Muzinich & Co. Inc. boosted its stake in shares of 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 valued at $38,000 after purchasing an additional 1,079 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Healthcare Realty Trust by 38.1% during 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 purchasing an additional 628 shares in the last quarter. Quarry LP acquired a new stake in shares of Healthcare Realty Trust during the fourth quarter valued at about $39,000. Principal Securities Inc. acquired a new stake in shares of Healthcare Realty Trust during the fourth quarter valued at about $45,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Healthcare Realty Trust by 260.6% during 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 purchasing an additional 2,030 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have commented on the company. Scotiabank upped their price objective on Healthcare Realty Trust from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Wednesday, August 7th. Wells Fargo & Company cut Healthcare Realty Trust from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $17.00 to $16.00 in a research report on Tuesday, July 30th. Finally, Wedbush upped 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.00.

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.