Brokerages expect that Healthcare Realty Trust Inc (NYSE:HR) will post sales of $111.20 million for the current quarter, according to Zacks. Four analysts have made estimates for Healthcare Realty Trust’s earnings, with estimates ranging from $109.79 million to $112.42 million. Healthcare Realty Trust posted sales of $106.95 million during the same quarter last year, which suggests a positive year over year growth rate of 4%. The business is expected to issue its next quarterly earnings results on Wednesday, November 7th.
On average, analysts expect that Healthcare Realty Trust will report full-year sales of $447.28 million for the current year, with estimates ranging from $441.02 million to $451.00 million. For the next financial year, analysts forecast that the business will post sales of $465.83 million per share, with estimates ranging from $455.29 million to $479.62 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Healthcare Realty Trust.
Healthcare Realty Trust (NYSE:HR) last announced its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.10). Healthcare Realty Trust had a return on equity of 0.72% and a net margin of 2.95%. The company had revenue of $111.60 million during the quarter, compared to the consensus estimate of $111.00 million. During the same period in the prior year, the business posted $0.39 earnings per share. Healthcare Realty Trust’s revenue for the quarter was up 6.0% compared to the same quarter last year.
A number of equities research analysts have commented on HR shares. Morgan Stanley cut Healthcare Realty Trust from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $29.00 to $28.00 in a report on Thursday, August 16th. Mizuho reissued a “hold” rating and set a $28.00 price target on shares of Healthcare Realty Trust in a report on Monday, August 13th. Zacks Investment Research raised Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Capital One Financial started coverage on Healthcare Realty Trust in a report on Thursday, June 28th. They set an “equal weight” rating and a $30.00 price target on the stock. Finally, ValuEngine raised Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 5th. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $29.25.
NYSE:HR opened at $30.39 on Friday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.76. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 4.74 and a beta of 0.15. Healthcare Realty Trust has a 52 week low of $26.09 and a 52 week high of $34.13.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 30th. Shareholders of record on Wednesday, August 15th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.95%. Healthcare Realty Trust’s dividend payout ratio is presently 78.43%.
In other news, EVP John M. Bryant, Jr. sold 2,561 shares of Healthcare Realty Trust stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $30.56, for a total value of $78,264.16. Following the sale, the executive vice president now directly owns 146,795 shares of the company’s stock, valued at $4,486,055.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Knox Singleton sold 18,341 shares of Healthcare Realty Trust stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $27.25, for a total value of $499,792.25. Following the completion of the sale, the director now directly owns 23,992 shares in the company, valued at $653,782. The disclosure for this sale can be found here. 1.85% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Healthcare Realty Trust by 3.0% in the second quarter. BlackRock Inc. now owns 17,676,495 shares of the real estate investment trust’s stock worth $514,032,000 after purchasing an additional 513,077 shares during the last quarter. Morgan Stanley grew its position in Healthcare Realty Trust by 0.6% in the second quarter. Morgan Stanley now owns 4,931,625 shares of the real estate investment trust’s stock worth $143,412,000 after acquiring an additional 28,062 shares in the last quarter. Northern Trust Corp grew its position in Healthcare Realty Trust by 2.5% in the first quarter. Northern Trust Corp now owns 3,533,570 shares of the real estate investment trust’s stock worth $97,915,000 after acquiring an additional 87,135 shares in the last quarter. Resolution Capital Ltd purchased a new position in Healthcare Realty Trust in the second quarter worth about $92,378,000. Finally, Channing Capital Management LLC grew its position in Healthcare Realty Trust by 20.1% in the second quarter. Channing Capital Management LLC now owns 2,231,575 shares of the real estate investment trust’s stock worth $64,893,000 after acquiring an additional 372,849 shares in the last quarter. 93.85% of the stock is currently owned by hedge funds and other institutional investors.
Healthcare Realty Trust Company Profile
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 June 30, 2018, the Company owned 201 real estate properties in 27 states totaling 14.9 million square feet and was valued at approximately $5.0 billion.
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