Healthcare Realty Trust Incorporated (NYSE:HR) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV decreased its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 11.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 19,233 shares of the real estate investment trust’s stock after selling 2,507 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Healthcare Realty Trust were worth $343,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Muzinich & Co. Inc. increased its stake 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 buying an additional 1,079 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Healthcare Realty Trust by 38.1% in 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 last quarter. Quarry LP acquired a new stake in shares of Healthcare Realty Trust in the fourth quarter worth about $39,000. Creekmur Asset Management LLC bought a new stake in Healthcare Realty Trust during the fourth quarter worth approximately $85,000. Finally, GAMMA Investing LLC grew its stake in Healthcare Realty Trust by 67.2% in the 2nd quarter. GAMMA Investing LLC now owns 5,569 shares of the real estate investment trust’s stock valued at $92,000 after buying an additional 2,238 shares during the last quarter.

Analysts Set New Price Targets

HR has been the subject of a number of research reports. Scotiabank increased their price target on shares of Healthcare Realty Trust from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Wednesday, August 7th. Wells Fargo & Company downgraded shares of Healthcare Realty Trust from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $17.00 to $16.00 in a research note on Tuesday, July 30th. Finally, Wedbush lifted 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 equities research 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $17.00.

Insider Buying and Selling

In other news, Director John Knox Singleton acquired 6,500 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were 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 $1,041,175.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Thomas N. Bohjalian purchased 9,000 shares of Healthcare Realty Trust stock in a transaction dated Monday, August 12th. The stock was purchased at an average cost of $17.39 per share, for a total transaction of $156,510.00. Following the transaction, the director now directly owns 22,252 shares of the company’s stock, valued at $386,962.28. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John Knox Singleton bought 6,500 shares of Healthcare Realty Trust stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average price 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 $1,041,175.68. The disclosure for this purchase can be found here. Insiders have acquired 15,728 shares of company stock worth $279,069 in the last quarter. Insiders own 0.56% of the company’s stock.

Healthcare Realty Trust Price Performance

Healthcare Realty Trust stock opened at $18.18 on Monday. Healthcare Realty Trust Incorporated has a one year low of $12.77 and a one year high of $18.90. The firm has a market cap of $6.88 billion, a PE ratio of -13.67 and a beta of 0.91. The stock’s fifty day moving average price is $17.85 and its two-hundred day moving average price is $16.26.

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 firm had revenue of $316.30 million for the quarter, compared to analyst estimates of $317.90 million. During the same period in the previous year, the business posted $0.39 earnings per share. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. Sell-side analysts expect that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 12th were paid 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 6.82%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -93.23%.

Healthcare Realty Trust 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.