Envestnet Asset Management Inc. Boosts Stake in Healthcare Realty Trust Incorporated (NYSE:HR)

Envestnet Asset Management Inc. lifted its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 24.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,026,566 shares of the real estate investment trust’s stock after purchasing an additional 198,874 shares during the period. Envestnet Asset Management Inc. owned 0.27% of Healthcare Realty Trust worth $16,918,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Muzinich & Co. Inc. boosted its holdings in Healthcare Realty Trust by 98.1% in the 4th quarter. Muzinich & Co. Inc. now owns 2,179 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 1,079 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Healthcare Realty Trust by 38.1% in 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 in the 4th quarter worth $39,000. Creekmur Asset Management LLC bought a new position in Healthcare Realty Trust in the 4th quarter worth $85,000. Finally, Parallel Advisors LLC boosted its holdings in Healthcare Realty Trust by 149.4% in the 4th quarter. Parallel Advisors LLC now owns 5,424 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 3,249 shares during the period.

Wall Street Analyst Weigh In

HR has been the subject of several recent analyst reports. Scotiabank upped their target price 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. Wedbush increased their price objective on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company downgraded shares of Healthcare Realty Trust from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $17.00 to $16.00 in a report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Healthcare Realty Trust presently has an average rating of “Hold” and a consensus price target of $17.00.

Insider Buying and Selling

In other news, Director Thomas N. Bohjalian acquired 9,000 shares of Healthcare Realty Trust 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 transaction, the director now directly owns 22,252 shares of the company’s stock, valued at approximately $386,962.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Thomas N. Bohjalian acquired 9,000 shares of Healthcare Realty Trust 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 transaction, the director now directly owns 22,252 shares of the company’s stock, valued at approximately $386,962.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Knox Singleton bought 6,500 shares of Healthcare Realty Trust stock in a transaction dated Thursday, September 5th. The shares were bought at an average cost of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the transaction, the director now 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. Insiders have bought 15,728 shares of company stock valued at $279,069 in the last ninety days. 0.56% of the stock is owned by company insiders.

Healthcare Realty Trust Trading Up 1.3 %

Shares of NYSE:HR opened at $18.17 on Tuesday. Healthcare Realty Trust Incorporated has a 12 month low of $12.77 and a 12 month high of $18.90. The company has a 50-day moving average price of $17.82 and a 200 day moving average price of $16.13. The company has a market cap of $6.88 billion, a price-to-earnings ratio of -13.66 and a beta of 0.91.

Healthcare Realty Trust (NYSE:HR) last announced 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 net margin of 42.79% and a negative return on equity of 8.50%. The business 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 posted $0.39 EPS. The firm’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 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The company 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 dividend on an annualized basis and a yield of 6.82%. The ex-dividend date of this dividend was Monday, August 12th. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently -93.23%.

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.