Healthcare Realty Trust Incorporated (NYSE:HR) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 14.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 777,490 shares of the real estate investment trust’s stock after selling 130,049 shares during the quarter. Envestnet Asset Management Inc. owned about 0.22% of Healthcare Realty Trust worth $13,140,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in Healthcare Realty Trust in the first quarter valued at about $26,000. Lazard Asset Management LLC acquired a new stake in shares of Healthcare Realty Trust during the fourth quarter worth about $45,000. UMB Bank n.a. lifted its position in shares of Healthcare Realty Trust by 73.3% during the first quarter. UMB Bank n.a. now owns 3,024 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 1,279 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position 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 worth $84,000 after purchasing an additional 695 shares in the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Healthcare Realty Trust during the fourth quarter worth about $85,000.

Insider Activity

In other news, Director Thomas N. Bohjalian acquired 2,500 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average cost of $14.71 per share, for a total transaction of $36,775.00. Following the transaction, the director directly owned 56,502 shares in the company, valued at approximately $831,144.42. This represents a 4.63% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.37% of the company’s stock.

Healthcare Realty Trust Stock Down 0.2%

Shares of Healthcare Realty Trust stock opened at $16.17 on Friday. The firm has a market capitalization of $5.68 billion, a P/E ratio of -14.83 and a beta of 0.89. Healthcare Realty Trust Incorporated has a 52 week low of $14.09 and a 52 week high of $18.90. The firm’s 50 day moving average is $15.16 and its two-hundred day moving average is $15.91.

Healthcare Realty Trust (NYSE:HR) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. The business had revenue of $288.86 million for the quarter, compared to analyst estimates of $297.39 million. Healthcare Realty Trust had a negative net margin of 31.32% and a negative return on equity of 7.06%. The company’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. As a group, research analysts expect that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 12th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.67%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -113.76%.

Analyst Upgrades and Downgrades

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

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.