Spirit of America Management Corp NY Sells 2,000 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Spirit of America Management Corp NY lessened its holdings in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 20.0% in the third quarter, Holdings Channel.com reports. The fund owned 8,000 shares of the real estate investment trust’s stock after selling 2,000 shares during the quarter. Spirit of America Management Corp NY’s holdings in Healthcare Realty Trust were worth $145,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HR. Park Avenue Securities LLC grew its holdings in Healthcare Realty Trust by 54.5% during the 1st quarter. Park Avenue Securities LLC now owns 22,121 shares of the real estate investment trust’s stock worth $313,000 after acquiring an additional 7,806 shares during the period. Global Assets Advisory LLC acquired a new stake in Healthcare Realty Trust during the 1st quarter worth $349,000. Hodges Capital Management Inc. acquired a new stake in Healthcare Realty Trust during the 1st quarter worth $383,000. State of Michigan Retirement System grew its holdings in shares of Healthcare Realty Trust by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 93,553 shares of the real estate investment trust’s stock valued at $1,324,000 after buying an additional 2,200 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Healthcare Realty Trust by 3.3% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,326,948 shares of the real estate investment trust’s stock valued at $32,926,000 after buying an additional 73,251 shares during the period.

Healthcare Realty Trust Trading Down 2.4 %

HR opened at $17.68 on Friday. The stock has a market capitalization of $6.42 billion, a P/E ratio of -11.79 and a beta of 0.91. Healthcare Realty Trust Incorporated has a 12 month low of $12.77 and a 12 month high of $18.90. The firm’s fifty day simple moving average is $17.87 and its 200 day simple moving average is $16.79.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.38 by ($0.77). The company had revenue of $316.30 million during the quarter, compared to the consensus estimate of $317.90 million. Healthcare Realty Trust had a negative net margin of 42.79% and a negative return on equity of 8.50%. The company’s revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 earnings per share. On average, equities research analysts predict that Healthcare Realty Trust Incorporated will post 1.55 EPS for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Monday, August 12th were given a $0.31 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.24 annualized dividend and a yield of 7.01%. Healthcare Realty Trust’s dividend payout ratio is currently -82.67%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Scotiabank boosted 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 report on Wednesday, August 7th. Wedbush boosted their price target 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. Finally, Wells Fargo & Company reissued an “underweight” rating and issued a $17.00 price target (up previously from $16.00) on shares of Healthcare Realty Trust in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Healthcare Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $17.17.

Insider Activity at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian purchased 9,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of $17.39 per share, with a total value of $156,510.00. Following the transaction, the director now directly owns 22,252 shares of the company’s stock, valued at $386,962.28. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Healthcare Realty Trust news, Director John Knox Singleton purchased 6,500 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were purchased at an average cost of $18.24 per share, with a total value of $118,560.00. Following the transaction, the director now directly owns 57,082 shares of the company’s stock, valued at $1,041,175.68. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed 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 acquired at an average cost of $17.39 per share, for a total transaction of $156,510.00. Following the completion of the transaction, the director now directly owns 22,252 shares in the company, valued at approximately $386,962.28. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 15,728 shares of company stock valued at $279,069. 0.56% of the stock is owned by corporate insiders.

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.