Insider Buying: Healthcare Realty Trust Incorporated (NYSE:HR) Director Purchases 10,000 Shares of Stock

Key Points

• Director Thomas N. Bohjalian of Healthcare Realty Trust acquired 10,000 shares valued at approximately $164,600, increasing his total ownership to 75,520 shares.
• The company recently announced a quarterly dividend of $0.24 per share, resulting in a yield of 5.8%, but has a negative payout ratio of -83.48%.
• Healthcare Realty Trust's stock has seen a recent uptick of 0.8%, bringing its trading price to $16.69, amidst tempered opinions from Wall Street analysts who have downgraded ratings and adjusted price targets.

Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report) Director Thomas N. Bohjalian purchased 10,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was bought 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 of the company's stock, valued at $1,243,059.20. This trade represents a 15.26% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Healthcare Realty Trust Trading Up 0.9%

Shares of HR stock 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 firm has a fifty day simple moving average of $15.89 and a 200 day simple moving average 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 capitalization of $5.79 billion, a price-to-earnings ratio of -14.31 and a beta of 0.89.

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

Healthcare Realty Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be given 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 (DPR) is currently -83.48%.

Analyst Ratings Changes

A number of brokerages have recently commented on HR. JPMorgan Chase & Co. dropped their price target on Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Thursday, June 26th. Wedbush dropped their price target on Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Wells Fargo & Company decreased their price objective 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. Finally, Wall Street Zen downgraded Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Two equities research 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 stock currently has an average rating of "Hold" and an average target price of $16.40.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Bank of Montreal Can lifted its holdings in shares of Healthcare Realty Trust by 10.6% during the 4th quarter. Bank of Montreal Can now owns 64,060 shares of the real estate investment trust's stock worth $1,086,000 after acquiring an additional 6,137 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Healthcare Realty Trust in the fourth quarter worth $3,019,000. Capital Fund Management S.A. bought a new stake in Healthcare Realty Trust in the fourth quarter worth $2,150,000. Sterling Capital Management LLC lifted its stake in Healthcare Realty Trust by 44.8% in the fourth quarter. Sterling Capital Management LLC now owns 20,983 shares of the real estate investment trust's stock worth $356,000 after purchasing an additional 6,489 shares during the last quarter. Finally, Sagespring Wealth Partners LLC bought a new stake in Healthcare Realty Trust in the fourth quarter worth $229,000.

About Healthcare Realty Trust

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.