Creekmur Asset Management LLC Lowers Stake in Healthcare Realty Trust Incorporated (NYSE:HR)

Creekmur Asset Management LLC lowered its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 43.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,099 shares of the real estate investment trust’s stock after selling 2,349 shares during the period. Creekmur Asset Management LLC’s holdings in Healthcare Realty Trust were worth $56,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Healthcare Realty Trust by 1.4% during the first quarter. Vanguard Group Inc. now owns 54,246,277 shares of the real estate investment trust’s stock worth $767,585,000 after buying an additional 723,197 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in Healthcare Realty Trust by 52.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 10,942,261 shares of the real estate investment trust’s stock worth $154,833,000 after acquiring an additional 3,758,040 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Healthcare Realty Trust by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,856,286 shares of the real estate investment trust’s stock valued at $96,513,000 after purchasing an additional 395,243 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Healthcare Realty Trust by 2.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,782,253 shares of the real estate investment trust’s stock valued at $81,820,000 after purchasing an additional 158,342 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Healthcare Realty Trust by 6.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 4,784,186 shares of the real estate investment trust’s stock worth $78,843,000 after purchasing an additional 301,747 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms recently commented on HR. Wedbush increased their target price on Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Scotiabank upped their price objective on Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and set a $17.00 price objective (up from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $17.17.

Healthcare Realty Trust Stock Performance

NYSE:HR opened at $18.06 on Wednesday. Healthcare Realty Trust Incorporated has a 1 year low of $12.77 and a 1 year high of $18.90. The stock has a market cap of $6.84 billion, a P/E ratio of -13.64 and a beta of 0.91. The stock has a 50-day simple moving average of $17.89 and a 200-day simple moving average of $16.88.

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

Insider Activity

In other news, Director John Knox Singleton bought 6,500 shares of Healthcare Realty Trust stock in a transaction dated Thursday, September 5th. The stock was acquired at an average cost of $18.24 per share, with a total value of $118,560.00. Following the acquisition, the director now owns 57,082 shares of the company’s stock, valued at approximately $1,041,175.68. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Thomas N. Bohjalian acquired 9,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was bought at an average cost of $17.39 per share, with a total value of $156,510.00. Following the transaction, the director now owns 22,252 shares of the company’s stock, valued at $386,962.28. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Knox Singleton bought 6,500 shares of the stock in a transaction on Thursday, September 5th. The stock was bought at an average price of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the purchase, the director now directly owns 57,082 shares in the company, valued at approximately $1,041,175.68. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 15,728 shares of company stock valued at $279,069. Insiders own 0.56% of the company’s stock.

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.