Envestnet Asset Management Inc. Acquires 198,874 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Envestnet Asset Management Inc. increased its holdings in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 24.0% during the second quarter, Holdings Channel.com reports. The firm owned 1,026,566 shares of the real estate investment trust’s stock after buying an additional 198,874 shares during the period. Envestnet Asset Management Inc.’s holdings in Healthcare Realty Trust were worth $16,918,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HR. Janney Montgomery Scott LLC boosted its stake in shares of Healthcare Realty Trust by 7.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 50,963 shares of the real estate investment trust’s stock valued at $878,000 after purchasing an additional 3,697 shares in the last quarter. Norges Bank acquired a new stake in Healthcare Realty Trust in the fourth quarter valued at approximately $59,352,000. US Bancorp DE boosted its stake in Healthcare Realty Trust by 155.6% in the fourth quarter. US Bancorp DE now owns 49,796 shares of the real estate investment trust’s stock valued at $858,000 after acquiring an additional 30,312 shares in the last quarter. Parallel Advisors LLC boosted its stake in Healthcare Realty Trust by 149.4% in the fourth quarter. Parallel Advisors LLC now owns 5,424 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 3,249 shares in the last quarter. Finally, United Services Automobile Association boosted its stake in Healthcare Realty Trust by 7.3% in the fourth quarter. United Services Automobile Association now owns 29,505 shares of the real estate investment trust’s stock valued at $508,000 after acquiring an additional 2,004 shares in the last quarter.

Insider Buying and Selling

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian bought 9,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Monday, August 12th. The stock was purchased 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 directly owns 22,252 shares in the company, valued at approximately $386,962.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Thomas N. Bohjalian acquired 9,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was bought 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 $386,962.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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. Insiders acquired a total of 15,728 shares of company stock valued at $279,069 over the last 90 days. Insiders own 0.56% of the company’s stock.

Healthcare Realty Trust Trading Up 1.3 %

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 firm has a fifty day simple moving average of $17.82 and a 200-day simple moving average of $16.13. The company has a market capitalization of $6.88 billion, a P/E ratio of -13.66 and a beta of 0.91.

Healthcare Realty Trust (NYSE:HR) last issued its earnings results on Friday, August 2nd. The real estate investment trust reported ($0.39) earnings per share (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 business had revenue of $316.30 million for the quarter, compared to analysts’ expectations of $317.90 million. During the same period last year, the business earned $0.39 EPS. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. Equities analysts forecast that Healthcare Realty Trust Incorporated will post 1.56 EPS for the current year.

Healthcare Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Monday, August 12th were issued a dividend of $0.31 per share. The ex-dividend date 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 presently -93.23%.

Analysts Set New Price Targets

HR has been the subject of several recent analyst reports. Wells Fargo & Company downgraded shares of Healthcare Realty Trust from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $17.00 to $16.00 in a research note on Tuesday, July 30th. Scotiabank raised their target price on shares of Healthcare Realty Trust from $17.00 to $18.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. Finally, Wedbush raised their target price on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Healthcare Realty Trust currently has a consensus rating of “Hold” and an average target price of $17.00.

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.