Oak Thistle LLC Acquires 42,589 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Oak Thistle LLC increased its stake in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 186.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,450 shares of the real estate investment trust's stock after buying an additional 42,589 shares during the period. Oak Thistle LLC's holdings in Healthcare Realty Trust were worth $1,106,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. raised its stake in shares of Healthcare Realty Trust by 16.4% during the first quarter. Harbor Capital Advisors Inc. now owns 4,945 shares of the real estate investment trust's stock valued at $84,000 after purchasing an additional 695 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in Healthcare Realty Trust by 6.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,530 shares of the real estate investment trust's stock worth $195,000 after acquiring an additional 706 shares in the last quarter. Peak Financial Advisors LLC raised its holdings in Healthcare Realty Trust by 6.8% during the 1st quarter. Peak Financial Advisors LLC now owns 11,413 shares of the real estate investment trust's stock worth $193,000 after buying an additional 728 shares during the period. ProShare Advisors LLC raised its holdings in Healthcare Realty Trust by 4.8% during the 4th quarter. ProShare Advisors LLC now owns 16,581 shares of the real estate investment trust's stock worth $281,000 after buying an additional 756 shares during the period. Finally, Focus Financial Network Inc. raised its holdings in Healthcare Realty Trust by 6.9% during the 1st quarter. Focus Financial Network Inc. now owns 11,868 shares of the real estate investment trust's stock worth $201,000 after buying an additional 762 shares during the period.

Insider Activity at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian bought 2,500 shares of the stock in a transaction on Tuesday, May 13th. The stock was acquired at an average price of $14.71 per share, with a total value of $36,775.00. Following the acquisition, the director directly owned 56,502 shares in the company, valued at approximately $831,144.42. This trade represents a 4.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.37% of the company's stock.

Healthcare Realty Trust Stock Performance

NYSE:HR traded down $0.14 during mid-day trading on Friday, hitting $16.10. The company had a trading volume of 3,337,414 shares, compared to its average volume of 4,000,600. Healthcare Realty Trust Incorporated has a fifty-two week low of $14.09 and a fifty-two week high of $18.90. The business's fifty day moving average is $15.31 and its two-hundred day moving average is $15.89. The firm has a market cap of $5.66 billion, a P/E ratio of -14.77 and a beta of 0.89.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. Healthcare Realty Trust had a negative return on equity of 7.06% and a negative net margin of 31.32%. The firm had revenue of $288.86 million for the quarter, compared to analyst estimates of $297.39 million. During the same quarter in the previous year, the firm earned $0.39 EPS. The business's quarterly revenue was down 9.2% on a year-over-year basis. Equities analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 12th were paid a dividend of $0.31 per share. The ex-dividend date was Monday, May 12th. This represents a $1.24 annualized dividend and a dividend yield of 7.70%. Healthcare Realty Trust's dividend payout ratio is currently -113.76%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HR shares. JPMorgan Chase & Co. lowered their target price on Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Thursday, June 26th. Wall Street Zen cut Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. Wedbush cut their price target on Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Finally, Wells Fargo & Company cut their price target on Healthcare Realty Trust from $16.00 to $15.00 and set an "underweight" rating for the company in a report on Monday, June 2nd. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $16.40.

Healthcare Realty Trust Profile

Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.