Healthcare Realty Trust Incorporated (NYSE:HR) – Equities researchers at SunTrust Banks lowered their Q3 2017 earnings estimates for shares of Healthcare Realty Trust in a report issued on Thursday. SunTrust Banks analyst E. Fleming now forecasts that the real estate investment trust will earn $0.40 per share for the quarter, down from their prior forecast of $0.42. SunTrust Banks also issued estimates for Healthcare Realty Trust’s Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $1.60 EPS, Q1 2018 earnings at $0.42 EPS, Q2 2018 earnings at $0.42 EPS, Q3 2018 earnings at $0.43 EPS, Q4 2018 earnings at $0.45 EPS, FY2018 earnings at $1.72 EPS and FY2019 earnings at $1.84 EPS.

A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Jefferies Group LLC cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and set a $36.00 price target on the stock. in a research note on Thursday, June 15th. They noted that the move was a valuation call. Stifel Nicolaus dropped their price target on Healthcare Realty Trust from $34.00 to $33.00 and set a “buy” rating on the stock in a research note on Tuesday, May 9th. Mizuho restated a “neutral” rating on shares of Healthcare Realty Trust in a research note on Wednesday, June 28th. Finally, BidaskClub cut Healthcare Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $34.80.

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Shares of Healthcare Realty Trust (NYSE:HR) opened at 32.83 on Monday. The firm has a market cap of $3.83 billion, a P/E ratio of 31.57 and a beta of 0.29. The stock has a 50 day moving average of $34.13 and a 200 day moving average of $32.58. Healthcare Realty Trust has a 52 week low of $26.66 and a 52 week high of $36.60.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.01. The company had revenue of $105.20 million during the quarter, compared to analyst estimates of $105.67 million. Healthcare Realty Trust had a return on equity of 7.38% and a net margin of 28.98%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 EPS.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Healthcare Realty Trust by 2.7% in the first quarter. Vanguard Group Inc. now owns 18,428,241 shares of the real estate investment trust’s stock worth $598,918,000 after buying an additional 486,685 shares in the last quarter. BlackRock Inc. raised its position in shares of Healthcare Realty Trust by 6,758.3% in the first quarter. BlackRock Inc. now owns 14,975,042 shares of the real estate investment trust’s stock worth $486,689,000 after buying an additional 14,756,694 shares in the last quarter. State Street Corp raised its position in shares of Healthcare Realty Trust by 1.3% in the first quarter. State Street Corp now owns 5,759,533 shares of the real estate investment trust’s stock worth $187,191,000 after buying an additional 74,308 shares in the last quarter. Morgan Stanley raised its position in shares of Healthcare Realty Trust by 52.5% in the first quarter. Morgan Stanley now owns 5,297,551 shares of the real estate investment trust’s stock worth $172,171,000 after buying an additional 1,822,804 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of Healthcare Realty Trust by 9.8% in the first quarter. Macquarie Group Ltd. now owns 1,915,448 shares of the real estate investment trust’s stock worth $62,252,000 after buying an additional 170,919 shares in the last quarter. 96.17% of the stock is currently owned by hedge funds and other institutional investors.

In other Healthcare Realty Trust news, EVP Robert E. Hull sold 1,744 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $32.45, for a total value of $56,592.80. Following the transaction, the executive vice president now directly owns 58,174 shares of the company’s stock, valued at approximately $1,887,746.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John M. Bryant, Jr. sold 7,000 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $33.51, for a total value of $234,570.00. Following the completion of the transaction, the insider now directly owns 142,256 shares in the company, valued at $4,766,998.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,129 shares of company stock worth $948,987. 1.85% of the stock is owned by company insiders.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Friday, August 11th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Wednesday, August 9th. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently 114.29%.

About Healthcare Realty Trust

Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust. The Company owns, leases, manages, acquires, finances, develops and redevelops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States.

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

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