Massachusetts Financial Services Co. MA Reduces Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Massachusetts Financial Services Co. MA cut its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 0.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,608 shares of the real estate investment trust’s stock after selling 87 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Healthcare Realty Trust were worth $865,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in HR. FMR LLC raised its stake in shares of Healthcare Realty Trust by 21.9% in the fourth quarter. FMR LLC now owns 7,344,921 shares of the real estate investment trust’s stock worth $222,698,000 after buying an additional 1,317,988 shares during the period. Norges Bank bought a new stake in shares of Healthcare Realty Trust during the fourth quarter worth about $34,711,000. William Blair Investment Management LLC bought a new stake in shares of Healthcare Realty Trust during the first quarter worth about $15,959,000. Channing Capital Management LLC raised its stake in shares of Healthcare Realty Trust by 24.9% in the first quarter. Channing Capital Management LLC now owns 1,872,903 shares of the real estate investment trust’s stock worth $60,869,000 after buying an additional 373,681 shares during the period. Finally, Alliancebernstein L.P. raised its position in Healthcare Realty Trust by 67.4% in the first quarter. Alliancebernstein L.P. now owns 841,883 shares of the real estate investment trust’s stock worth $27,361,000 after buying an additional 338,822 shares during the period. 95.44% of the stock is owned by institutional investors.

Shares of Healthcare Realty Trust Incorporated (NYSE HR) opened at 33.22 on Tuesday. Healthcare Realty Trust Incorporated has a 12-month low of $26.66 and a 12-month high of $36.60. The company has a 50 day moving average price of $34.21 and a 200 day moving average price of $32.04. The company has a market capitalization of $3.87 billion, a P/E ratio of 34.57 and a beta of 0.30.

Healthcare Realty Trust (NYSE:HR) last posted its 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 company had revenue of $104.57 million for the quarter, compared to the consensus estimate of $106.03 million. Healthcare Realty Trust had a net margin of 26.01% and a return on equity of 6.89%. During the same period last year, the company posted $0.41 earnings per share. Equities analysts anticipate that Healthcare Realty Trust Incorporated will post $0.62 EPS for the current year.

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HR has been the subject of a number of recent research reports. Mizuho reissued a “neutral” rating on shares of Healthcare Realty Trust in a report on Wednesday, June 28th. Jefferies Group LLC reissued a “buy” rating and issued a $36.00 target price on shares of Healthcare Realty Trust in a report on Friday, May 12th. Cantor Fitzgerald raised their price target on Healthcare Realty Trust from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, June 12th. BidaskClub upgraded Healthcare Realty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. Finally, Zacks Investment Research upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Healthcare Realty Trust currently has an average rating of “Hold” and a consensus price target of $34.80.

In related news, insider John M. Bryant, Jr. sold 20,385 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $32.27, for a total value of $657,823.95. Following the completion of the transaction, the insider now directly owns 162,241 shares of the company’s stock, valued at approximately $5,235,517.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John M. Bryant, Jr. sold 7,000 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $33.51, for a total value of $234,570.00. Following the completion of the transaction, the insider now directly owns 142,256 shares of the company’s stock, valued at $4,766,998.56. The disclosure for this sale can be found here. Insiders have sold 29,129 shares of company stock valued at $948,987 over the last ninety days. Corporate insiders own 1.85% of the company’s stock.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust. The Company owns, leases, manages, acquires, finances, develops and redevelops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States.

Institutional Ownership by Quarter for Healthcare Realty Trust (NYSE:HR)

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