Russell Investments Group Ltd. Acquires 69,114 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Key Points

• Russell Investments Group Ltd. raised its stake in Healthcare Realty Trust by 2.5%, acquiring an additional 69,114 shares during the first quarter, bringing its total holdings to 2,841,636 shares.
• Director Thomas N. Bohjalian purchased 10,000 shares of Healthcare Realty Trust stock, increasing his ownership by 15.26%, following a recent acquisition that highlights insider confidence in the company.
• Healthcare Realty Trust recently announced a quarterly dividend of $0.24 per share, reflecting a 5.8% yield, while also indicating a negative payout ratio of -107.83%.

Russell Investments Group Ltd. grew its holdings in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,841,636 shares of the real estate investment trust's stock after acquiring an additional 69,114 shares during the period. Russell Investments Group Ltd. owned about 0.81% of Healthcare Realty Trust worth $48,023,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. purchased a new position in shares of Healthcare Realty Trust in the first quarter valued at about $228,000. Golden State Wealth Management LLC bought a new stake in shares of Healthcare Realty Trust in the first quarter worth about $26,000. Oppenheimer Asset Management Inc. increased its holdings in shares of Healthcare Realty Trust by 31.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 60,301 shares of the real estate investment trust's stock worth $1,019,000 after purchasing an additional 14,400 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Healthcare Realty Trust by 8.6% in the first quarter. Sequoia Financial Advisors LLC now owns 14,803 shares of the real estate investment trust's stock worth $250,000 after purchasing an additional 1,171 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Healthcare Realty Trust in the first quarter worth about $618,000.

Analyst Ratings Changes

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

Insider Activity at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian bought 10,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were purchased at an average price of $16.46 per share, with a total value of $164,600.00. Following the completion of the purchase, the director owned 75,520 shares in the company, valued at $1,243,059.20. This represents a 15.26% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.37% of the company's stock.

Healthcare Realty Trust Stock Up 0.9%

NYSE HR traded up $0.15 during trading hours on Friday, hitting $16.46. 2,121,825 shares of the company were exchanged, compared to its average volume of 3,718,405. The stock has a 50-day moving average price of $15.89 and a 200 day moving average price of $15.88. Healthcare Realty Trust Incorporated has a 52 week low of $14.09 and a 52 week high of $18.90. The stock has a market cap of $5.79 billion, a PE ratio of -14.31 and a beta of 0.89.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. Healthcare Realty Trust had a negative return on equity of 7.70% and a negative net margin of 32.95%. The company had revenue of $287.07 million for the quarter, compared to analysts' expectations of $290.83 million. During the same period in the previous year, the firm posted $0.38 earnings per share. As a group, sell-side analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.8%. Healthcare Realty Trust's dividend payout ratio is -83.48%.

Healthcare Realty Trust Company 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.