Healthcare Realty Trust Incorporated (NYSE:HR) Receives An Update From Brokers

Xavier Trudeau
Juillet 18, 2017

Other hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its stake in shares of Healthcare Realty Trust by 2.2% in the fourth quarter. The institutional investor owned 14,140 shares of the real estate investment trust's stock after buying an additional 800 shares during the period. Cim Investment Mangement Inc. bought a new stake in shares of Healthcare Realty Trust during the first quarter valued at about $210,000. Bennicas & Associates Inc. bought a new stake in Healthcare Realty Trust during the first quarter worth $202,000.

Vanguard Group Inc. increased its position in shares of Piedmont Office Realty Trust, Inc. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,040 shares of the real estate investment trust's stock valued at $229,000 after buying an additional 389 shares in the last quarter. Finally, Great West Life Assurance Co. Great West Life Assurance Co. Institutional investors and hedge funds own 95.44% of the company's stock.

Utah Retirement Systems increased its stake in shares of Piedmont Office Realty Trust by 0.7% in the first quarter. 585,953 shares of the company were exchanged.

The company's P/E ratio is 93.14 and the market value is 323.75M.

Shares of the company are trading at $25.52 which is marginally higher than the 50 day moving average of $25.43 and which is just a bit higher than the 200 day moving average of $23.86.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.39 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.40 by $0.01. The business had revenue of $104.57 million for the quarter, compared to the consensus estimate of $106.03 million. Healthcare Realty Trust had a return on equity of 6.89% and a net margin of 26.01%. During the same period in the previous year, the firm earned $0.41 earnings per share.

05/09/2017 - Healthcare Realty Trust Incorporated had its " rating reiterated by analysts at Stifel Nicolaus. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & worldwide copyright and trademark legislation. Equities research analysts forecast that Healthcare Realty Trust will post $0.62 EPS for the current year. BidaskClub cut shares of Healthcare Realty Trust from a "buy" rating to a "hold" rating in a report on Friday, June 30th. Russell Investments Group Ltd. purchased a new position in shares of Community Healthcare Trust during the fourth quarter valued at about $3,002,000. Zacks Investment Research raised Piedmont Office Realty Trust from a "hold" rating to a "buy" rating and set a $24.00 price objective on the stock in a research note on Saturday, May 6th. Finally, Mizuho reaffirmed a "neutral" rating on shares of Healthcare Realty Trust in a report on Wednesday, June 28th. On September 8 Evercore Partners left the stock rating at "Buy" but moved down the price target to $19.50 from $21.00.

In related news, insider John M. Bryant, Jr. sold 20,385 shares of Healthcare Realty Trust stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $21.64, for a total transaction of $168,792.00. Following the completion of the sale, the insider now owns 162,241 shares of the company's stock, valued at approximately $5,235,517.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

On 5/15/2017 Robert E Hull, EVP, sold 1,744 with an average share price of $32.45 per share and the total transaction amounting to $56,592.80. Following the sale, the insider now owns 142,256 shares of the company's stock, valued at approximately $4,766,998.56. The disclosure for this sale can be found here. Raymond James Financial Services Advisors Inc. now owns 127,231 shares of the real estate investment trust's stock valued at $3,041,000 after buying an additional 10,219 shares in the last quarter.

Piedmont Office Realty Trust, Inc is an integrated self-managed real estate investment trust (REIT). The Company's business consists primarily of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of office real estate assets.

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