Analysts Expect Healthcare Realty Trust Inc (HR) Will Announce Earnings of $0.40 Per Share

Brokerages expect that Healthcare Realty Trust Inc (NYSE:HR) will announce $0.40 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Healthcare Realty Trust’s earnings, with estimates ranging from $0.39 to $0.40. Healthcare Realty Trust reported earnings of $0.38 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.3%. The firm is expected to announce its next earnings results on Wednesday, February 13th.

According to Zacks, analysts expect that Healthcare Realty Trust will report full-year earnings of $1.58 per share for the current financial year, with EPS estimates ranging from $1.57 to $1.59. For the next fiscal year, analysts forecast that the business will report earnings of $1.63 per share, with EPS estimates ranging from $1.60 to $1.69. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Healthcare Realty Trust.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.34). Healthcare Realty Trust had a net margin of 3.66% and a return on equity of 0.92%. The business had revenue of $113.46 million for the quarter, compared to the consensus estimate of $112.45 million. During the same quarter in the previous year, the business earned $0.38 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis.

A number of analysts have recently weighed in on HR shares. Zacks Investment Research lowered Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, November 27th. Mizuho raised Healthcare Realty Trust from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Tuesday, November 13th. Raymond James initiated coverage on Healthcare Realty Trust in a research note on Thursday, October 18th. They issued an “underperform” rating for the company. Finally, Morgan Stanley lowered Healthcare Realty Trust from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $29.00 to $28.00 in a research note on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $30.43.

NYSE HR traded up $0.06 on Monday, reaching $31.65. 1,194,429 shares of the company’s stock traded hands, compared to its average volume of 684,944. Healthcare Realty Trust has a 12 month low of $26.09 and a 12 month high of $33.98. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.14 and a quick ratio of 0.14. The stock has a market capitalization of $3.96 billion, a P/E ratio of 20.69, a PEG ratio of 5.00 and a beta of 0.26.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Thursday, November 15th were issued a $0.30 dividend. The ex-dividend date was Wednesday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.79%. Healthcare Realty Trust’s dividend payout ratio (DPR) is 78.43%.

In other Healthcare Realty Trust news, EVP Robert E. Hull sold 4,618 shares of the stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $30.26, for a total value of $139,740.68. Following the completion of the transaction, the executive vice president now owns 87,083 shares in the company, valued at $2,635,131.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bruce D. Sullivan sold 3,000 shares of the stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $31.13, for a total value of $93,390.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,964 shares of company stock valued at $693,877. 1.85% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of HR. Qube Research & Technologies Ltd bought a new position in Healthcare Realty Trust in the second quarter worth $112,000. Advisors Asset Management Inc. raised its holdings in Healthcare Realty Trust by 725.6% in the second quarter. Advisors Asset Management Inc. now owns 36,259 shares of the real estate investment trust’s stock worth $135,000 after purchasing an additional 31,867 shares in the last quarter. Westbourne Investment Advisors Inc. bought a new position in Healthcare Realty Trust in the third quarter worth $143,000. Tower Research Capital LLC TRC raised its holdings in Healthcare Realty Trust by 272.9% in the third quarter. Tower Research Capital LLC TRC now owns 5,784 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 4,233 shares in the last quarter. Finally, Jefferies Group LLC bought a new position in Healthcare Realty Trust in the third quarter worth $217,000. Institutional investors and hedge funds own 96.49% of the company’s stock.

About Healthcare Realty Trust

Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of September 30, 2018, the Company owned 201 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $5.0 billion.

Read More: Diversification

Get a free copy of the Zacks research report on Healthcare Realty Trust (HR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Healthcare Realty Trust (NYSE:HR)

Receive News & Ratings for Healthcare Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply