Donald C. Wood, a director at Healthcare Realty Trust Inc (NYSE:HR), has recently acquired 5,900 shares of the company's common stock. The shares were purchased at a price of $16.86 each, amounting to a total value of $99,474. The purchase price aligns closely with InvestingPro's Fair Value assessment, suggesting the stock is fairly valued. The $6.07 billion healthcare REIT currently offers a substantial 7.43% dividend yield and has maintained dividend payments for 32 consecutive years. Following this transaction, Wood holds a direct ownership of 5,900 shares in the real estate investment trust. The transaction took place on December 19, 2024, as reported in a recent SEC filing. Want deeper insights into insider trading patterns and 8 additional ProTips? Access the comprehensive Healthcare Realty Trust Pro Research Report, available exclusively on InvestingPro.
In other recent news, Healthcare Realty Trust has been the subject of significant developments. The company reported a steady 1.2% year-over-year growth in its third-quarter normalized Funds From Operations (FFO) per share. Additionally, the company signed over 400,000 square feet of new leases for the fifth consecutive quarter and announced a 3.1% growth in same-store Net Operating Income (NOI).
JPMorgan (NYSE:JPM) recently downgraded Healthcare Realty Trust from Overweight to Neutral, setting a new price target of $19.00. This shift is amidst the company's search for a new CEO, a factor that could influence the firm's future direction.
In terms of leadership changes, Todd Meredith (NYSE:MDP) resigned as President and CEO, with Constance "Connie" Moore stepping in as interim President and CEO. The board has initiated a search for a permanent successor.
Despite the challenges posed by the Steward bankruptcy, Healthcare Realty Trust secured new tenants to mitigate the annual NOI impact. The company also repurchased nearly $450 million in shares year-to-date, targeting high long-term risk-adjusted returns. These developments indicate a strategic approach to growth and capital allocation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.