Healthcare Realty Trust Incorporated (HR) Expected to Post Earnings of $0.40 Per Share
Equities research analysts expect that Healthcare Realty Trust Incorporated (NYSE:HR) will post earnings of $0.40 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Healthcare Realty Trust’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.37. Healthcare Realty Trust posted earnings per share of $0.10 in the same quarter last year, which suggests a positive year-over-year growth rate of 300%. The business is expected to announce its next earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that Healthcare Realty Trust will report full-year earnings of $1.59 per share for the current year, with EPS estimates ranging from $1.53 to $1.63. For the next year, analysts anticipate that the business will post earnings of $1.71 per share, with EPS estimates ranging from $1.62 to $1.80. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Healthcare Realty Trust.
Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings results 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. Healthcare Realty Trust had a return on equity of 7.38% and a net margin of 28.98%. The company had revenue of $105.20 million for the quarter, compared to the consensus estimate of $105.67 million. During the same quarter in the previous year, the business earned $0.42 earnings per share. Healthcare Realty Trust’s revenue was up 2.5% compared to the same quarter last year.
A number of research firms have recently commented on HR. Stifel Nicolaus reaffirmed a “buy” rating on shares of Healthcare Realty Trust in a research note on Friday, August 4th. Jefferies Group LLC reaffirmed a “hold” rating and set a $34.00 target price (down previously from $36.00) on shares of Healthcare Realty Trust in a research note on Thursday, August 10th. BidaskClub raised Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Zacks Investment Research cut Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating on shares of Healthcare Realty Trust in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $32.60.
Healthcare Realty Trust (HR) traded up 0.51% during trading on Friday, reaching $33.72. The company had a trading volume of 403,567 shares. Healthcare Realty Trust has a one year low of $26.66 and a one year high of $36.25. The company has a market capitalization of $3.93 billion, a PE ratio of 32.42 and a beta of 0.30. The firm’s 50 day moving average is $32.91 and its 200 day moving average is $33.00.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Friday, August 11th were paid a $0.30 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $1.20 annualized dividend and a yield of 3.56%. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently 114.29%.
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In other news, Director John Knox Singleton acquired 3,450 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average price of $31.88 per share, with a total value of $109,986.00. Following the completion of the purchase, the director now directly owns 17,693 shares in the company, valued at $564,052.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.85% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Fiduciary Trust Co. bought a new position in Healthcare Realty Trust in the second quarter worth approximately $113,000. Pacad Investment Ltd. grew its stake in Healthcare Realty Trust by 41.2% in the second quarter. Pacad Investment Ltd. now owns 4,800 shares of the real estate investment trust’s stock worth $164,000 after purchasing an additional 1,400 shares in the last quarter. Huntington National Bank grew its stake in Healthcare Realty Trust by 36.7% in the second quarter. Huntington National Bank now owns 5,193 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 1,393 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Healthcare Realty Trust by 1.2% in the second quarter. PNC Financial Services Group Inc. now owns 6,219 shares of the real estate investment trust’s stock worth $212,000 after purchasing an additional 72 shares in the last quarter. Finally, Neuberger Berman Group LLC bought a new position in Healthcare Realty Trust in the first quarter worth approximately $202,000. 92.11% of the stock is currently owned by institutional investors.
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.
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