The Chairman of Healthcare Realty (NYSE: HR) is Buying Shares

By Carrie Williams

Today, the Chairman of Healthcare Realty (NYSE: HR), David R. Emery, bought shares of HR for $1.99M.

This recent transaction increases David R. Emery’s holding in the company by 9.75% to a total of $22.62 million. In addition to David R. Emery, 3 other HR executives reported Buy trades in the last month.

Based on Healthcare Realty’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $103 million and quarterly net profit of $12.14 million. In comparison, last year the company earned revenue of $96.73 million and had a net profit of $16.91 million. The company has a one year high of $36.60 and a one year low of $25.21. HR’s market cap is $2.98B and the company has a P/E ratio of 49.79.

Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $35.00, reflecting a -19.4% downside. Six different firms, including Cantor Fitzgerald and J.P. Morgan, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $308.5K worth of HR shares and purchased $3.95M worth of HR shares. The insider sentiment on Healthcare Realty has been positive according to 53 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Healthcare Realty Trust, Inc. is a publicly-traded Real Estate Investment Trust (REIT). It engages in owning, managing, acquiring, and developing outpatient medical facilities. The company was founded by David R. Emery in 1992 and is headquartered in Nashville, TN.