Rush Island Management LP Buys 2,747,848 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Rush Island Management LP raised its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 21.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 15,681,440 shares of the real estate investment trust’s stock after purchasing an additional 2,747,848 shares during the quarter. Healthcare Realty Trust accounts for about 17.7% of Rush Island Management LP’s investment portfolio, making the stock its biggest position. Rush Island Management LP’s holdings in Healthcare Realty Trust were worth $265,800,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. boosted its position in shares of Healthcare Realty Trust by 130.3% during the 4th quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 925 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Healthcare Realty Trust by 59.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 612 shares during the period. Synergy Investment Management LLC acquired a new position in shares of Healthcare Realty Trust in the 4th quarter worth approximately $36,000. Lazard Asset Management LLC acquired a new position in shares of Healthcare Realty Trust in the 4th quarter worth approximately $45,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Healthcare Realty Trust by 68.7% during the 4th quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,249 shares during the period.

Insider Buying and Selling

In related news, Director Thomas N. Bohjalian purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average price of $14.71 per share, with a total value of $36,775.00. Following the completion of the purchase, the director now directly owns 56,502 shares in the company, valued at $831,144.42. This trade represents a 4.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.37% of the stock is owned by insiders.

Healthcare Realty Trust Trading Down 1.0%

NYSE HR opened at $14.56 on Thursday. Healthcare Realty Trust Incorporated has a 12 month low of $14.45 and a 12 month high of $18.90. The stock has a 50 day moving average of $15.92 and a 200-day moving average of $16.67. The company has a market cap of $5.11 billion, a PE ratio of -8.18 and a beta of 0.92.

Healthcare Realty Trust (NYSE:HR) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $288.86 million during the quarter, compared to the consensus estimate of $297.39 million. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. Healthcare Realty Trust’s revenue was down 9.2% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. As a group, sell-side analysts predict that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 12th will be issued a dividend of $0.31 per share. The ex-dividend date is Monday, May 12th. This represents a $1.24 annualized dividend and a yield of 8.52%. Healthcare Realty Trust’s payout ratio is currently -113.76%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HR shares. StockNews.com raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, May 8th. Wedbush cut their price objective on Healthcare Realty Trust from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, May 5th. Scotiabank dropped their price objective on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. Finally, Wells Fargo & Company reduced their price objective on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, Healthcare Realty Trust has an average rating of “Hold” and an average target price of $17.00.

Healthcare Realty Trust 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.