Research Analysts Issue Forecasts for Healthcare Realty Trust Inc’s FY2018 Earnings (HR)

Healthcare Realty Trust Inc (NYSE:HR) – Equities research analysts at Jefferies Group lowered their FY2018 earnings per share estimates for Healthcare Realty Trust in a research note issued to investors on Tuesday. Jefferies Group analyst O. Okusanya now forecasts that the real estate investment trust will earn $1.63 per share for the year, down from their prior estimate of $1.64. Jefferies Group also issued estimates for Healthcare Realty Trust’s FY2019 earnings at $1.70 EPS.

Healthcare Realty Trust (NYSE:HR) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.01). Healthcare Realty Trust had a return on equity of 6.62% and a net margin of 26.70%. The firm had revenue of $106.95 million during the quarter, compared to analysts’ expectations of $108.97 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. Healthcare Realty Trust’s quarterly revenue was up 3.2% compared to the same quarter last year.

A number of other equities research analysts have also recently weighed in on HR. KeyCorp restated a “sell” rating and set a $25.00 price objective on shares of Healthcare Realty Trust in a research note on Tuesday, September 26th. Stifel Nicolaus restated a “buy” rating and set a $34.00 price objective on shares of Healthcare Realty Trust in a research note on Friday, November 3rd. Zacks Investment Research upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Morgan Stanley upped their price objective on Healthcare Realty Trust from $32.50 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, September 25th. Finally, BMO Capital Markets restated a “buy” rating and set a $34.00 price objective on shares of Healthcare Realty Trust in a research note on Monday, October 2nd. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $33.14.

Shares of Healthcare Realty Trust (NYSE HR) traded up $0.01 during mid-day trading on Wednesday, hitting $29.81. The company’s stock had a trading volume of 744,500 shares, compared to its average volume of 688,910. Healthcare Realty Trust has a twelve month low of $29.67 and a twelve month high of $36.25. The stock has a market cap of $3,730.00, a PE ratio of 30.42, a price-to-earnings-growth ratio of 4.49 and a beta of 0.32. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.63.

In other Healthcare Realty Trust news, EVP Robert E. Hull sold 1,495 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $33.87, for a total value of $50,635.65. Following the completion of the sale, the executive vice president now directly owns 94,796 shares in the company, valued at $3,210,740.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John M. Bryant, Jr. sold 6,638 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $32.38, for a total value of $214,938.44. Following the completion of the sale, the executive vice president now owns 176,812 shares of the company’s stock, valued at $5,725,172.56. The disclosure for this sale can be found here. Insiders have sold a total of 16,847 shares of company stock valued at $551,491 over the last 90 days. 1.85% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Barings LLC acquired a new position in shares of Healthcare Realty Trust in the third quarter valued at about $17,330,000. FMR LLC increased its holdings in shares of Healthcare Realty Trust by 6.4% in the second quarter. FMR LLC now owns 7,274,016 shares of the real estate investment trust’s stock valued at $248,408,000 after purchasing an additional 434,895 shares during the period. Citadel Advisors LLC increased its holdings in shares of Healthcare Realty Trust by 6,295.0% in the third quarter. Citadel Advisors LLC now owns 432,109 shares of the real estate investment trust’s stock valued at $13,974,000 after purchasing an additional 425,352 shares during the period. Janus Henderson Group PLC acquired a new position in shares of Healthcare Realty Trust in the second quarter valued at about $12,297,000. Finally, Northern Trust Corp increased its holdings in shares of Healthcare Realty Trust by 8.6% in the second quarter. Northern Trust Corp now owns 3,367,432 shares of the real estate investment trust’s stock valued at $114,997,000 after purchasing an additional 266,749 shares during the period. Institutional investors own 94.83% of the company’s stock.

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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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