Robert E. Hull, Executive Vice President and Chief Operating Officer of Healthcare Realty Trust Inc (NYSE:HR), recently sold shares of the company's common stock, according to a recent SEC filing. On December 17, Hull sold a total of 10,000 shares in two separate transactions. The shares were sold at prices ranging from $17.48 to $17.49, resulting in a total transaction value of approximately $174,820. The sale occurred as the stock trades near its 52-week high of $18.90, with the company maintaining a notable 7.08% dividend yield and a 32-year track record of consistent dividend payments. According to InvestingPro analysis, the stock is currently fairly valued, with additional insights available in the comprehensive Pro Research Report.
Following these transactions, Hull retains direct ownership of 171,400 shares of Healthcare Realty Trust, representing a significant stake in the $6.29 billion market cap company. Additionally, indirect holdings include 16 shares each held by three separate accounts associated with Hull's children.
In other recent news, Healthcare Realty Trust Incorporated has seen significant developments. The company's President and CEO, Todd Meredith (NYSE:MDP), resigned, with Constance "Connie" Moore stepping into the role as interim President and CEO. This leadership change comes as the company continues to grow its property portfolio and focus on long-term shareholder value.
Simultaneously, Healthcare Realty Trust reported a steady 1.2% year-over-year growth in its third-quarter normalized Funds From Operations (FFO) per share. They also noted a 3.1% growth in same-store Net Operating Income (NOI), demonstrating resilience in the face of market challenges.
The company has also repurchased nearly $450 million in shares year-to-date, targeting high long-term risk-adjusted returns. Despite the Steward bankruptcy, the company secured new tenants to mitigate the impact on annual NOI. The guidance for normalized FFO per share for 2024 has been narrowed to $1.55 to $1.56, indicating a strategic approach to growth and capital allocation.
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