William Blair Investment Management LLC Has $31.30 Million Position in Healthcare Realty Trust Incorporated (NYSE:HR)

William Blair Investment Management LLC grew its holdings in Healthcare Realty Trust Incorporated (NYSE:HR) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,899,183 shares of the real estate investment trust’s stock after purchasing an additional 11,695 shares during the quarter. William Blair Investment Management LLC owned about 0.50% of Healthcare Realty Trust worth $31,299,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Healthcare Realty Trust by 38.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 628 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Healthcare Realty Trust by 1.1% during the second quarter. Victory Capital Management Inc. now owns 81,598 shares of the real estate investment trust’s stock valued at $1,345,000 after acquiring an additional 848 shares during the period. Muzinich & Co. Inc. lifted its stake in shares of Healthcare Realty Trust by 98.1% during the fourth 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. State of Alaska Department of Revenue lifted its stake in Healthcare Realty Trust by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 222,297 shares of the real estate investment trust’s stock valued at $3,144,000 after buying an additional 1,140 shares during the period. Finally, Peak Financial Advisors LLC lifted its stake in Healthcare Realty Trust by 4.7% in the second quarter. Peak Financial Advisors LLC now owns 25,867 shares of the real estate investment trust’s stock valued at $426,000 after buying an additional 1,160 shares during the period.

Insider Buying and Selling

In other news, Director John Knox Singleton acquired 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the acquisition, the director now owns 57,082 shares in the company, valued at $1,041,175.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director John Knox Singleton purchased 6,500 shares of Healthcare Realty Trust stock in a transaction that occurred 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 completion of the transaction, the director now owns 57,082 shares of the company’s stock, valued at approximately $1,041,175.68. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas N. Bohjalian purchased 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 completion of the transaction, the director now directly owns 22,252 shares of the company’s stock, valued at approximately $386,962.28. The disclosure for this purchase can be found here. Over the last three months, insiders bought 15,728 shares of company stock worth $279,069. 0.56% of the stock is owned by corporate insiders.

Healthcare Realty Trust Price Performance

Shares of Healthcare Realty Trust stock opened at $18.78 on Monday. Healthcare Realty Trust Incorporated has a 1 year low of $12.77 and a 1 year high of $18.79. The business has a 50-day moving average of $17.72 and a two-hundred day moving average of $15.94. The company has a market capitalization of $6.82 billion, a P/E ratio of -14.12 and a beta of 0.91.

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). The firm had revenue of $316.30 million for the quarter, compared to the consensus estimate of $317.90 million. Healthcare Realty Trust had a negative return on equity of 8.50% and a negative net margin of 42.79%. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 earnings per share. On average, equities analysts anticipate that Healthcare Realty Trust Incorporated will post 1.56 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 6.60%. Healthcare Realty Trust’s payout ratio is presently -93.23%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HR. Wells Fargo & Company lowered 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 note on Tuesday, July 30th. 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, Scotiabank increased their target price on 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $17.00.

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.