Bartlett & CO. Wealth Management LLC Sells 1,500 Shares of Healthcare Realty Trust Incorporated $HR

Bartlett & CO. Wealth Management LLC lessened its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 21.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,422 shares of the real estate investment trust’s stock after selling 1,500 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Healthcare Realty Trust were worth $86,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HR. Golden State Wealth Management LLC bought a new stake in Healthcare Realty Trust during the 1st quarter valued at $26,000. SVB Wealth LLC purchased a new position in shares of Healthcare Realty Trust during the first quarter valued at $35,000. Anchor Investment Management LLC purchased a new position in shares of Healthcare Realty Trust during the first quarter valued at $38,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Healthcare Realty Trust in the first quarter valued at about $48,000. Finally, UMB Bank n.a. lifted its stake in Healthcare Realty Trust by 73.3% in the first quarter. UMB Bank n.a. now owns 3,024 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 1,279 shares during the period.

Insider Buying and Selling at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian bought 10,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average price of $16.46 per share, with a total value of $164,600.00. Following the completion of the acquisition, the director directly owned 75,520 shares in the company, valued at approximately $1,243,059.20. This trade represents a 15.26% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Julie F. Wilson sold 15,000 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $270,000.00. Following the completion of the sale, the executive vice president directly owned 113,419 shares in the company, valued at approximately $2,041,542. The trade was a 11.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.37% of the stock is owned by corporate insiders.

Healthcare Realty Trust Stock Down 1.7%

HR opened at $18.06 on Friday. Healthcare Realty Trust Incorporated has a 52-week low of $14.09 and a 52-week high of $18.82. The company has a market cap of $6.35 billion, a P/E ratio of -15.71 and a beta of 0.96. The firm’s 50-day moving average price is $17.24 and its 200-day moving average price is $16.13.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Healthcare Realty Trust had a negative net margin of 32.95% and a negative return on equity of 7.70%. The business had revenue of $287.07 million during the quarter, compared to analysts’ expectations of $290.83 million. During the same quarter last year, the company posted $0.38 earnings per share. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. On average, research analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.3%. The ex-dividend date was Thursday, August 14th. Healthcare Realty Trust’s payout ratio is presently -83.48%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, June 26th. Wells Fargo & Company lifted their price objective on shares of Healthcare Realty Trust from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Wednesday, August 27th. Cantor Fitzgerald initiated coverage on Healthcare Realty Trust in a report on Wednesday. They set an “overweight” rating and a $23.00 target price for the company. Raymond James Financial cut Healthcare Realty Trust from a “market perform” rating to an “underperform” rating in a research report on Monday, September 15th. Finally, Scotiabank raised Healthcare Realty Trust from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $18.00 to $20.00 in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Healthcare Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $18.43.

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.