Baillie Gifford & Co. Cuts Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Baillie Gifford & Co. reduced its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 48.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,628 shares of the real estate investment trust’s stock after selling 18,814 shares during the period. Baillie Gifford & Co.’s holdings in Healthcare Realty Trust were worth $333,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in HR. Blue Trust Inc. raised its position in Healthcare Realty Trust by 130.3% in the fourth quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 925 shares during the period. Point72 Hong Kong Ltd purchased a new position in Healthcare Realty Trust in the third quarter valued at about $65,000. Wilmington Savings Fund Society FSB purchased a new position in Healthcare Realty Trust in the third quarter valued at about $78,000. Allworth Financial LP raised its position in Healthcare Realty Trust by 118.8% in the fourth quarter. Allworth Financial LP now owns 5,152 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 2,797 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new position in Healthcare Realty Trust in the third quarter valued at about $89,000.

Healthcare Realty Trust Stock Performance

Shares of NYSE HR opened at $16.98 on Wednesday. Healthcare Realty Trust Incorporated has a 1 year low of $12.77 and a 1 year high of $18.90. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of -10.75 and a beta of 0.94. The stock’s 50-day simple moving average is $16.69 and its 200-day simple moving average is $17.42.

Insider Buying and Selling

In other news, Director Thomas N. Bohjalian purchased 7,750 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was acquired at an average cost of $17.39 per share, for a total transaction of $134,772.50. Following the completion of the purchase, the director now owns 50,002 shares of the company’s stock, valued at approximately $869,534.78. This trade represents a 18.34 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Robert E. Hull sold 10,000 shares of Healthcare Realty Trust stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $17.48, for a total value of $174,800.00. Following the completion of the transaction, the chief operating officer now owns 171,400 shares of the company’s stock, valued at $2,996,072. This trade represents a 5.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders bought 18,750 shares of company stock worth $323,723. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on HR. Wedbush lowered Healthcare Realty Trust from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $18.00 to $16.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. lowered Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research report on Friday, December 20th. Finally, Jefferies Financial Group lowered Healthcare Realty Trust from a “buy” rating to a “hold” rating and dropped their target price for the stock from $19.00 to $17.00 in a research report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $17.00.

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.