As much as we highlight all the stock sales by Middle Tennessee public-company insiders, it's worth pointing out the significant purchases made last Tuesday by Healthcare Realty Trust's top four execs. Chairman and CEO David Emery bought $217,000 worth of shares in the medical real estate investment trust, while CFO Scott Holmes bought $181,000 worth, General Counsel John Bryant bought $120,000 worth and COO Whitman Douglas found $101,000 to add to his holdings. Shares of Healthcare Realty (Ticker: HR) are down 14 percent in the past month and slightly in the red for the year.
Nov 30, 2010 9:47 AM
Emdeon reverses Q3 loss but guides to low end of range; higher costs of various stripes hamper hospital operator, REIT and nursing home chain
Nov 8, 2010 10:12 PM
The credit analysts at Fitch Ratings have reiterated their rating on Healthcare Realty Trust's debt, including their negative outlook, which is based on the company's recent refinancing deals — at a higher interest rate — and its need to hike occupancy rates at a number of its properties. What should help: Fitch expects the company to hit up investors for a stock offering soon.
The Negative Outlook centers on the current weak leverage and coverage metrics for the rating category, and the uncertainty inherent in future equity raises. Absent significant delevering transactions occurring between now and 2011, Fitch would view the company's credit profile more consistent with a lower rating.
Nov 8, 2010 7:19 AM
Term loan, credit facility replace 2011 maturity
Nov 4, 2010 1:26 PM
Expense controls help biotech narrow Q3 loss, REIT tops by two cents
Nov 4, 2010 6:54 AM
Boston investing giant now REIT's largest investor
Oct 12, 2010 2:53 PM
Associated Estates Realty, a Cleveland, Ohio-based REIT, has bought a majority stake in the Vista Germantown development conceptualized by local firm Bristol Development Group. Vista, which Bristol had wanted to get started on two years ago, will have 242 units and is expected to open in about 18 months.
"We have identified Nashville as a market where we want to grow," said John Shannon, Senior Vice President of Operations. "It is an exciting town which has provided remarkable support to Associated Estates and Merit during the pre-development process. The diverse economic base and solid demographic trends in Nashville should bode well for the apartment market for years to come. Merit will be able to provide important construction efficiencies for this urban infill development," Shannon added.
Sep 30, 2010 7:51 AM
Two insiders at National Health Investors have taken advantage of the late-summer run in the shares of the Murfreesboro-based real estate investment trust. First, director Rob McCabe exercised options to buy 15,000 shares, then sold almost 14,000 of those. In the process, he booked a profit of about $100,000. He was followed closely by CEO Andy Adams, who exercised about 68,000 options and then sold about 85 percent of the resulting shares, essentially offsetting his exercise cost. The transactions raised Adams' directly owned stake in NHI (Ticker: NHI) to more than 1.1 million shares, about 4 percent of the company's outstanding stock.
Sep 21, 2010 12:00 PM
- ALEX B FRUIN INHERITANCE TRUST; CANDACE F STEFANSIC INHERITANCE TRUST; CANDANCE F STEFANSIC INHERITANCE TRUST; FRUIN, ALEX B TRUSTEE; FRUIN ALEX B INHERITANCE TRUST; STEFANSIC, CANDACE F TRUSTEE; STEFANSIC CANDACE F INHERITANCE TRUST; STEFANSIC CANDANCE F INHERITANCE TRUST
- ROSS, BRIDGETT D
- COOKE, ETHEN LANYARD TRUSTEE; COOKE, ETHEN LEWIS ESTATE
- JACOBS, JESSICA ALEXANDRA; JACOBS, ERIKA BESS