Quest Partners LLC Trims Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Quest Partners LLC decreased its holdings in Healthcare Realty Trust Incorporated (NYSE:HR) by 87.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,608 shares of the real estate investment trust’s stock after selling 62,372 shares during the quarter. Quest Partners LLC’s holdings in Healthcare Realty Trust were worth $142,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Canada Pension Plan Investment Board raised its stake in Healthcare Realty Trust by 52.3% during the first quarter. Canada Pension Plan Investment Board now owns 10,942,261 shares of the real estate investment trust’s stock valued at $154,833,000 after buying an additional 3,758,040 shares during the last quarter. Norges Bank purchased a new stake in shares of Healthcare Realty Trust in the 4th quarter worth $59,352,000. APG Asset Management US Inc. raised its stake in shares of Healthcare Realty Trust by 12.0% in the fourth quarter. APG Asset Management US Inc. now owns 12,566,887 shares of the real estate investment trust’s stock worth $216,527,000 after buying an additional 1,348,529 shares during the period. Vanguard Group Inc. raised its stake in Healthcare Realty Trust by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 54,246,277 shares of the real estate investment trust’s stock worth $767,585,000 after acquiring an additional 723,197 shares during the period. Finally, Candriam S.C.A. bought a new stake in shares of Healthcare Realty Trust during the 2nd quarter valued at $8,911,000.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wedbush boosted 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. Wells Fargo & Company downgraded Healthcare Realty Trust from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $17.00 to $16.00 in a research report on Tuesday, July 30th. Finally, Scotiabank increased their price objective on shares of 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. 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 stock. According to MarketBeat.com, Healthcare Realty Trust currently has an average rating of “Hold” and an average target price of $17.00.

Healthcare Realty Trust Stock Down 0.8 %

Shares of HR stock opened at $18.63 on Tuesday. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of -14.01 and a beta of 0.91. Healthcare Realty Trust Incorporated has a 52-week low of $12.77 and a 52-week high of $18.90. The company’s 50 day moving average is $17.75 and its 200 day moving average is $15.97.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported ($0.39) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $316.30 million for the quarter, compared to the consensus estimate of $317.90 million. During the same quarter last year, the firm earned $0.39 EPS. The company’s revenue was down 6.4% compared to the same quarter last year. Analysts anticipate that Healthcare Realty Trust Incorporated will post 1.56 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Monday, August 12th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 6.66%. The ex-dividend date of this dividend was Monday, August 12th. Healthcare Realty Trust’s payout ratio is currently -93.23%.

Insiders Place Their Bets

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

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.