Trust Point Inc. Makes New $182,000 Investment in Healthcare Realty Trust Incorporated (NYSE:HR)

Trust Point Inc. acquired a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 10,024 shares of the real estate investment trust’s stock, valued at approximately $182,000.

Several other institutional investors also recently bought and sold shares of HR. Park Avenue Securities LLC increased its holdings in Healthcare Realty Trust by 54.5% during the 1st quarter. Park Avenue Securities LLC now owns 22,121 shares of the real estate investment trust’s stock worth $313,000 after purchasing an additional 7,806 shares during the period. Global Assets Advisory LLC bought a new position in shares of Healthcare Realty Trust in the 1st quarter worth $349,000. Hodges Capital Management Inc. bought a new position in shares of Healthcare Realty Trust in the 1st quarter worth $383,000. First Dallas Securities Inc. bought a new stake in Healthcare Realty Trust during the first quarter valued at about $845,000. Finally, State of Michigan Retirement System boosted its position in Healthcare Realty Trust by 2.4% during the first quarter. State of Michigan Retirement System now owns 93,553 shares of the real estate investment trust’s stock valued at $1,324,000 after purchasing an additional 2,200 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wedbush increased their price target on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Wells Fargo & Company reissued an “underweight” rating and set a $17.00 target price (up previously from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. Finally, 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Healthcare Realty Trust currently has a consensus rating of “Hold” and an average price target of $17.14.

Insiders Place Their Bets

In other news, Director John Knox Singleton purchased 6,500 shares of the stock in a transaction on Thursday, September 5th. The stock was bought at an average price of $18.24 per share, with a total value of $118,560.00. Following the transaction, the director now owns 57,082 shares in the company, valued at $1,041,175.68. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Thomas N. Bohjalian acquired 9,000 shares of Healthcare Realty Trust stock in a transaction on Monday, August 12th. The stock was acquired at an average price of $17.39 per share, for a total transaction of $156,510.00. Following the purchase, the director now owns 22,252 shares of the company’s stock, valued at approximately $386,962.28. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Knox Singleton acquired 6,500 shares of Healthcare Realty Trust stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $18.24 per share, with a total value of $118,560.00. Following the purchase, the director now directly owns 57,082 shares in the company, valued at approximately $1,041,175.68. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 15,728 shares of company stock valued at $279,069. 0.56% of the stock is owned by company insiders.

Healthcare Realty Trust Stock Up 1.3 %

HR stock opened at $18.22 on Monday. The stock has a market capitalization of $6.90 billion, a PE ratio of -13.70 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 firm has a 50 day moving average of $17.83 and a 200 day moving average of $16.67.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates 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%. Healthcare Realty Trust’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period last year, the firm earned $0.39 earnings per share. On average, equities research analysts expect that Healthcare Realty Trust Incorporated will post 1.55 earnings per share for the current year.

Healthcare Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 12th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.24 dividend on an annualized basis and a yield of 6.81%. Healthcare Realty Trust’s dividend payout ratio is currently -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.