Marble Harbor Investment Counsel LLC Decreases Stake in Healthcare Realty Trust Incorporated (NYSE:HR)

Marble Harbor Investment Counsel LLC lessened its holdings in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 7.4% in the 2nd quarter, Holdings Channel reports. The fund owned 801,891 shares of the real estate investment trust’s stock after selling 63,675 shares during the quarter. Healthcare Realty Trust accounts for 1.6% of Marble Harbor Investment Counsel LLC’s holdings, making the stock its 19th largest holding. Marble Harbor Investment Counsel LLC’s holdings in Healthcare Realty Trust were worth $13,215,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its position in shares of Healthcare Realty Trust by 24.0% in the second quarter. Envestnet Asset Management Inc. now owns 1,026,566 shares of the real estate investment trust’s stock valued at $16,918,000 after purchasing an additional 198,874 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Healthcare Realty Trust by 5.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 56,724 shares of the real estate investment trust’s stock valued at $935,000 after buying an additional 2,906 shares in the last quarter. William Blair Investment Management LLC grew its holdings in Healthcare Realty Trust by 0.6% in the 2nd quarter. William Blair Investment Management LLC now owns 1,899,183 shares of the real estate investment trust’s stock valued at $31,299,000 after buying an additional 11,695 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Healthcare Realty Trust by 2.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 308,198 shares of the real estate investment trust’s stock worth $5,120,000 after acquiring an additional 7,431 shares during the last quarter. Finally, Headlands Technologies LLC raised its holdings in shares of Healthcare Realty Trust by 10,672.3% during the 2nd quarter. Headlands Technologies LLC now owns 42,443 shares of the real estate investment trust’s stock worth $699,000 after acquiring an additional 42,049 shares during the period.

Insider Transactions at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director John Knox Singleton acquired 6,500 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average price of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the acquisition, the director now owns 57,082 shares of the company’s stock, valued at approximately $1,041,175.68. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director John Knox Singleton bought 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the acquisition, the director now owns 57,082 shares in the company, valued at approximately $1,041,175.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas N. Bohjalian purchased 9,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were bought at an average price of $17.39 per share, for a total transaction of $156,510.00. Following the acquisition, the director now owns 22,252 shares in the company, valued at $386,962.28. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 15,728 shares of company stock valued at $279,069. 0.56% of the stock is currently owned by corporate insiders.

Healthcare Realty Trust Stock Performance

Shares of HR stock opened at $18.78 on Monday. The firm has a market cap of $6.82 billion, a P/E ratio of -14.12 and a beta of 0.91. The firm’s 50 day moving average price is $17.72 and its 200-day moving average price is $15.94. Healthcare Realty Trust Incorporated has a one year low of $12.77 and a one year high of $18.79.

Healthcare Realty Trust (NYSE:HR) last released 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). The firm had revenue of $316.30 million for the quarter, compared to analyst estimates of $317.90 million. Healthcare Realty Trust had a negative return on equity of 8.50% and a negative net margin of 42.79%. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the company earned $0.39 earnings per share. As a group, research analysts predict that Healthcare Realty Trust Incorporated will post 1.56 EPS 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 was Monday, August 12th. This represents a $1.24 dividend on an annualized basis and a yield of 6.60%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -93.23%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on HR shares. Wedbush upped their price objective on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, August 5th. 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 research note on Wednesday, August 7th. Finally, Wells Fargo & Company downgraded shares of Healthcare Realty Trust from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $17.00 to $16.00 in a report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Healthcare Realty Trust currently has an average rating of “Hold” and an average target price of $17.00.

Healthcare Realty Trust Company 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.