William Blair Investment Management LLC Raises Stake in Healthcare Realty Trust Incorporated $HR

William Blair Investment Management LLC boosted its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 0.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,278,809 shares of the real estate investment trust’s stock after purchasing an additional 14,015 shares during the period. William Blair Investment Management LLC’s holdings in Healthcare Realty Trust were worth $36,142,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in Healthcare Realty Trust in the first quarter valued at approximately $26,000. SVB Wealth LLC purchased a new stake in Healthcare Realty Trust in the first quarter valued at approximately $35,000. Anchor Investment Management LLC purchased a new stake in Healthcare Realty Trust in the first quarter valued at approximately $38,000. Financial Gravity Asset Management Inc. acquired a new position in Healthcare Realty Trust in the first quarter valued at approximately $48,000. Finally, Avalon Trust Co acquired a new position in Healthcare Realty Trust in the first quarter valued at approximately $53,000.

Insider Buying and Selling at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian acquired 10,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average cost of $16.46 per share, with a total value of $164,600.00. Following the purchase, the director owned 75,520 shares in the company, valued at $1,243,059.20. This trade represents a 15.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Julie F. Wilson sold 15,000 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $270,000.00. Following the completion of the transaction, the executive vice president directly owned 113,419 shares of the company’s stock, valued at approximately $2,041,542. This represents a 11.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by corporate insiders.

Healthcare Realty Trust Price Performance

Shares of HR stock opened at $18.60 on Friday. The company has a market cap of $6.54 billion, a price-to-earnings ratio of -16.17 and a beta of 0.96. The stock has a 50 day simple moving average of $17.63 and a 200-day simple moving average of $16.22. Healthcare Realty Trust Incorporated has a 1-year low of $14.09 and a 1-year high of $18.82.

Healthcare Realty Trust (NYSE:HR) last announced its earnings results 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. The business had revenue of $287.07 million during the quarter, compared to the consensus estimate of $290.83 million. Healthcare Realty Trust had a negative return on equity of 7.70% and a negative net margin of 32.95%.During the same period in the prior year, the company posted $0.38 EPS. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. Analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Thursday, August 14th. Healthcare Realty Trust’s dividend payout ratio is currently -83.48%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HR. Cantor Fitzgerald began coverage on Healthcare Realty Trust in a report on Wednesday, October 1st. They issued an “overweight” rating and a $23.00 price target for the company. JPMorgan Chase & Co. decreased their price target on Healthcare Realty Trust from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, June 26th. Wells Fargo & Company boosted their price target on Healthcare Realty Trust from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Wednesday, August 27th. Raymond James Financial downgraded Healthcare Realty Trust from a “market perform” rating to an “underperform” rating in a report on Monday, September 15th. Finally, Scotiabank raised Healthcare Realty Trust from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $18.00 to $20.00 in a report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $18.50.

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.