Healthcare Realty Trust announces Austen Helfrich as permanent CFO and Andrew Loope as new General Counsel, effective January 2025.
Quiver AI Summary
Healthcare Realty Trust Incorporated announced key leadership changes, appointing Austen Helfrich as the permanent Executive Vice President and Chief Financial Officer, effective immediately, after serving as Interim CFO since October 2024. Andrew Loope will succeed John Bryant as Executive Vice President and General Counsel starting January 1, 2025, while Bryant will transition to the role of Senior Vice President, Legal Affairs after his tenure as General Counsel through December 31, 2024. Constance Moore, interim President and CEO, praised Helfrich for his contributions to the company since 2019 and highlighted Loope's long-standing service as a trusted legal advisor. The changes reflect planned transitions aimed at strengthening the company’s leadership team as it continues to focus on long-term shareholder value.
Potential Positives
- Austen Helfrich's appointment as permanent CFO underscores the company's commitment to continuity in leadership and strategic financial management.
- The promotion of Andrew Loope to Executive Vice President and General Counsel signals a strong internal leadership pipeline, enhancing legal oversight as the company grows.
- John Bryant's transition to Senior Vice President, Legal Affairs, ensures valuable experience remains within the company, facilitating a smooth transition in the legal department.
- The announcement highlights the company's successful joint venture program, indicating ongoing growth and partnership potential in the healthcare real estate sector.
Potential Negatives
- Appointment of a new permanent CFO shortly after an interim period may indicate instability or lack of confidence in leadership continuity.
- Leadership transition may create uncertainty among investors regarding the company's strategic direction and operational stability.
- The departure of a long-serving General Counsel might raise concerns about potential legal risks or changes in compliance strategy within the organization.
FAQ
Who has been appointed the new CFO of Healthcare Realty?
Austen Helfrich has been formally appointed as the permanent Executive Vice President and Chief Financial Officer of Healthcare Realty.
When will Andrew Loope assume the role of General Counsel?
Andrew Loope will succeed John Bryant as Executive Vice President and General Counsel effective January 1, 2025.
What is Healthcare Realty's primary business focus?
Healthcare Realty is a real estate investment trust specializing in owning and operating medical outpatient buildings near hospital campuses.
How long has John Bryant been with Healthcare Realty?
John Bryant has dedicated over 20 years of his professional career to Healthcare Realty, contributing as General Counsel.
What type of properties does Healthcare Realty focus on acquiring?
The company primarily focuses on acquiring medical outpatient buildings, with a portfolio of nearly 675 properties across 15 markets.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HR Insider Trading Activity
$HR insiders have traded $HR stock on the open market 11 times in the past 6 months. Of those trades, 11 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $HR stock by insiders over the last 6 months:
- THOMAS N BOHJALIAN has traded it 6 times. They made 6 purchases, buying 40,750 shares and 0 sales.
- JOHN KNOX SINGLETON has traded it 2 times. They made 2 purchases, buying 6,500 shares and 0 sales.
- JAMES JOSEPH IV KILROY purchased 12,900 shares.
- PETER F SR LYLE has traded it 2 times. They made 2 purchases, buying 1,500 shares and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$HR Hedge Fund Activity
We have seen 197 institutional investors add shares of $HR stock to their portfolio, and 227 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PRINCIPAL FINANCIAL GROUP INC removed 10,407,700 shares (-92.5%) from their portfolio in Q3 2024
- BANK OF AMERICA CORP /DE/ added 8,475,895 shares (+85.6%) to their portfolio in Q3 2024
- ROYAL BANK OF CANADA added 4,796,719 shares (+541.5%) to their portfolio in Q3 2024
- JPMORGAN CHASE & CO removed 4,170,006 shares (-61.6%) from their portfolio in Q3 2024
- RUSH ISLAND MANAGEMENT, LP removed 4,088,546 shares (-24.0%) from their portfolio in Q3 2024
- GOLDMAN SACHS GROUP INC removed 4,046,691 shares (-67.1%) from their portfolio in Q3 2024
- PRICE T ROWE ASSOCIATES INC /MD/ removed 2,903,846 shares (-87.1%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Austen Helfrich named permanent Executive Vice President and Chief Financial Officer
Andrew Loope will succeed John Bryant as Executive Vice President and General Counsel; Bryant to remain as Senior Vice President
NASHVILLE, Tenn., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Healthcare Realty Trust Incorporated (NYSE:HR) today announced key leadership changes. Austen Helfrich, who has served as Interim Chief Financial Officer since October 1, 2024, has been formally appointed as the Company’s permanent Executive Vice President and Chief Financial Officer, effective immediately. As part of a planned transition, Andrew Loope, Senior Vice President, Corporate Counsel and Secretary, will be promoted to Executive Vice President, General Counsel, and Secretary, succeeding John Bryant, effective January 1, 2025. Mr. Bryant will continue to serve as Executive Vice President and General Counsel through December 31, 2024, and will then remain with the Company in the role of Senior Vice President, Legal Affairs.
“Healthcare Realty is fortunate to have someone of Austen’s talent and caliber ready to take on the role of permanent CFO. Since first joining Healthcare Realty in 2019, he has been instrumental in the formation and expansion of the Company’s joint venture program, including partnerships with Nuveen, CBRE Investment Management and KKR. His significant financial acumen and industry experience will be invaluable to the Company as we continue to drive long-term shareholder value,” said Constance “Connie” Moore, interim President and CEO.
Moore continued, “Andrew Loope has been a trusted advisor to the Company since joining our legal department from the Waller Lansden (now Holland & Knight) law firm in 2008. John Bryant has dedicated more than 20 years of his professional career to Healthcare Realty. We are grateful for his many meaningful contributions as General Counsel and look forward to working closely with him and Andrew as they continue leading our legal team.”
Ferguson Partners assisted the Board of Directors in the CFO search process.
About Healthcare Realty
Healthcare Realty is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty’s portfolio includes nearly 675 properties totaling approximately 40 million square feet concentrated in 15 growth markets. Additional information regarding the Company can be found at www.healthcarerealty.com.
Media Contacts:
Charlie Koons / Craig Singer
Brunswick Group
P; 212.333.3810
Investor Contact:
Ron Hubbard
Vice President, Investor Relations
P: 615.269.8290
In addition to the historical information contained within, the matters discussed in this press release may contain forward-looking statements that involve risks and uncertainties. These risks are discussed in filings with the Securities and Exchange Commission by Healthcare Realty, including its Annual Report on Form 10-K for the year ended December 31, 2023 under the heading “Risk Factors,” and in its Quarterly Reports filed thereafter and in the Company’s other SEC filings. Forward-looking statements represent the Company’s judgment as of the date of this release. The Company disclaims any obligation to update forward-looking statements.
