Amalgamated Bank Trims Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Amalgamated Bank decreased its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 8.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 191,631 shares of the real estate investment trust’s stock after selling 16,589 shares during the quarter. Amalgamated Bank owned approximately 0.05% of Healthcare Realty Trust worth $3,158,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Renaissance Technologies LLC purchased a new position in shares of Healthcare Realty Trust in the second quarter worth approximately $10,304,000. Quantbot Technologies LP bought a new position in Healthcare Realty Trust in the second quarter worth approximately $3,895,000. Dimensional Fund Advisors LP boosted its stake in shares of Healthcare Realty Trust by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,856,286 shares of the real estate investment trust’s stock worth $96,513,000 after acquiring an additional 395,243 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Healthcare Realty Trust by 24.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,026,566 shares of the real estate investment trust’s stock valued at $16,918,000 after acquiring an additional 198,874 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of Healthcare Realty Trust by 5.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 56,724 shares of the real estate investment trust’s stock worth $935,000 after purchasing an additional 2,906 shares in the last quarter.

Healthcare Realty Trust Price Performance

Shares of HR opened at $18.17 on Tuesday. The firm has a market cap of $6.88 billion, a P/E ratio of -13.66 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 company has a 50 day simple moving average of $17.82 and a two-hundred day simple moving average of $16.13.

Healthcare Realty Trust (NYSE:HR) last posted its 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 company had revenue of $316.30 million for the quarter, compared to analysts’ expectations 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 revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 earnings per share. On average, sell-side analysts anticipate that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current year.

Healthcare Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Monday, August 12th were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.24 annualized dividend and a dividend yield of 6.82%. Healthcare Realty Trust’s dividend payout ratio (DPR) is -93.23%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Healthcare Realty Trust

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