Healthcare Realty Trust (HR) Issues Quarterly Earnings Results

Healthcare Realty Trust (NYSE:HR) issued its earnings results on Wednesday. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.01), Bloomberg Earnings reports. Healthcare Realty Trust had a return on equity of 6.62% and a net margin of 26.70%. The business had revenue of $107.70 million for the quarter, compared to the consensus estimate of $109.91 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis.

Healthcare Realty Trust (NYSE:HR) traded down $0.51 during mid-day trading on Wednesday, hitting $27.70. 726,033 shares of the company’s stock traded hands, compared to its average volume of 849,917. The stock has a market capitalization of $3,535.64, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 4.26 and a beta of 0.20. Healthcare Realty Trust has a 1-year low of $27.48 and a 1-year high of $36.25. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.63.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Thursday, February 22nd. Healthcare Realty Trust’s payout ratio is 123.71%.

Several research analysts have issued reports on HR shares. Stifel Nicolaus reiterated a “buy” rating and set a $34.00 target price on shares of Healthcare Realty Trust in a report on Friday, November 3rd. Morgan Stanley reiterated an “overweight” rating and set a $34.00 target price on shares of Healthcare Realty Trust in a report on Thursday, December 14th. BMO Capital Markets cut shares of Healthcare Realty Trust from an “outperform” rating to a “market perform” rating and set a $33.00 target price on the stock. in a report on Tuesday, January 9th. Mizuho reiterated a “hold” rating and set a $35.00 target price on shares of Healthcare Realty Trust in a report on Friday, October 27th. Finally, KeyCorp reiterated an “equal weight” rating on shares of Healthcare Realty Trust in a report on Friday, December 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $33.00.

In other Healthcare Realty Trust news, insider Todd J. Meredith sold 4,720 shares of the stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $32.77, for a total transaction of $154,674.40. Following the completion of the sale, the insider now directly owns 414,981 shares of the company’s stock, valued at $13,598,927.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 transaction of $214,938.44. Following the sale, the executive vice president now directly owns 176,812 shares of the company’s stock, valued at $5,725,172.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,847 shares of company stock valued at $551,491. Insiders own 1.85% 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 for Healthcare Realty Trust (NYSE:HR)

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