Sei Investments Co. Purchases 103,259 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Sei Investments Co. boosted its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 4.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,367,735 shares of the real estate investment trust’s stock after purchasing an additional 103,259 shares during the quarter. Sei Investments Co. owned approximately 0.63% of Healthcare Realty Trust worth $39,020,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HR. Muzinich & Co. Inc. lifted its position in Healthcare Realty Trust by 98.1% during the 4th quarter. Muzinich & Co. Inc. now owns 2,179 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 1,079 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of 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 last quarter. Quarry LP purchased a new position in Healthcare Realty Trust during the fourth quarter valued at $39,000. Creekmur Asset Management LLC bought a new stake in Healthcare Realty Trust in the fourth quarter worth $85,000. Finally, GAMMA Investing LLC increased its holdings in shares of Healthcare Realty Trust by 67.2% during the second quarter. GAMMA Investing LLC now owns 5,569 shares of the real estate investment trust’s stock valued at $92,000 after acquiring an additional 2,238 shares in the last quarter.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on HR. Scotiabank lifted 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 target price on Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, 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 note on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Healthcare Realty Trust Stock Performance

HR stock opened at $18.17 on Tuesday. The business’s 50-day moving average is $17.82 and its two-hundred day moving average is $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 Incorporated has a fifty-two week low of $12.77 and a fifty-two week high of $18.90.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $316.30 million during the quarter, compared to analysts’ expectations of $317.90 million. During the same period in the previous year, the business posted $0.39 EPS. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. Equities analysts predict that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current year.

Healthcare Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Monday, August 12th were paid 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%.

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.