Healthcare Realty Trust Inc (NYSE:HR) Position Cut by William Blair Investment Management LLC

William Blair Investment Management LLC cut its holdings in Healthcare Realty Trust Inc (NYSE:HR) by 4.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 779,758 shares of the real estate investment trust’s stock after selling 34,833 shares during the period. William Blair Investment Management LLC owned about 0.60% of Healthcare Realty Trust worth $25,038,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Federated Investors Inc. PA increased its position in Healthcare Realty Trust by 3.7% during the 1st quarter. Federated Investors Inc. PA now owns 281,112 shares of the real estate investment trust’s stock worth $9,026,000 after purchasing an additional 10,157 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new stake in Healthcare Realty Trust during the 1st quarter worth approximately $350,000. Swiss National Bank increased its position in Healthcare Realty Trust by 3.1% during the 1st quarter. Swiss National Bank now owns 228,200 shares of the real estate investment trust’s stock worth $7,328,000 after purchasing an additional 6,800 shares in the last quarter. Pictet Asset Management Ltd. increased its position in Healthcare Realty Trust by 37.7% during the 1st quarter. Pictet Asset Management Ltd. now owns 21,200 shares of the real estate investment trust’s stock worth $681,000 after purchasing an additional 5,800 shares in the last quarter. Finally, Synovus Financial Corp increased its position in Healthcare Realty Trust by 1,566.7% during the 1st quarter. Synovus Financial Corp now owns 2,500 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 2,350 shares in the last quarter. Institutional investors and hedge funds own 94.65% of the company’s stock.

In other news, insider John M. Bryant, Jr. sold 13,079 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $32.08, for a total transaction of $419,574.32. Following the completion of the sale, the insider now owns 152,985 shares of the company’s stock, valued at $4,907,758.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.87% of the stock is owned by company insiders.

Shares of NYSE:HR opened at $31.32 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.18 and a quick ratio of 0.18. Healthcare Realty Trust Inc has a 52-week low of $26.98 and a 52-week high of $33.51. The firm has a 50 day moving average price of $32.14. The firm has a market capitalization of $4.03 billion, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 8.98 and a beta of 0.41.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. Healthcare Realty Trust had a net margin of 14.52% and a return on equity of 3.73%. The company had revenue of $112.66 million during the quarter, compared to the consensus estimate of $114.57 million. During the same quarter last year, the company earned $0.40 earnings per share. Healthcare Realty Trust’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts anticipate that Healthcare Realty Trust Inc will post 1.58 EPS for the current year.

A number of research firms recently issued reports on HR. Citigroup began coverage on shares of Healthcare Realty Trust in a research report on Thursday, June 20th. They set a “neutral” rating and a $34.00 target price for the company. Morgan Stanley set a $31.00 target price on shares of Healthcare Realty Trust and gave the stock a “hold” rating in a research report on Thursday, March 28th. Zacks Investment Research downgraded shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. ValuEngine raised shares of Healthcare Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. Finally, Raymond James raised shares of Healthcare Realty Trust from a “mkt perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a research report on Monday, May 13th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $32.75.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of December 31, 2018, the Company owned 199 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $4.9 billion.

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Institutional Ownership by Quarter for Healthcare Realty Trust (NYSE:HR)

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