Q3 2017 EPS Estimates for Healthcare Realty Trust Incorporated Decreased by SunTrust Banks (HR)
Healthcare Realty Trust Incorporated (NYSE:HR) – Investment analysts at SunTrust Banks reduced their Q3 2017 EPS estimates for shares of Healthcare Realty Trust in a research report issued to clients and investors on Thursday. SunTrust Banks analyst E. Fleming now anticipates that the real estate investment trust will post earnings per share of $0.40 for the quarter, down from their previous estimate 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.
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 for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.01. The firm had revenue of $105.20 million during the quarter, compared to the consensus estimate of $105.67 million. Healthcare Realty Trust had a return on equity of 7.38% and a net margin of 28.98%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 earnings per share.
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Other equities research analysts have also recently issued research reports about the stock. Cantor Fitzgerald raised their price objective on shares of Healthcare Realty Trust from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, June 12th. BidaskClub cut shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Mizuho reaffirmed a “neutral” rating on shares of Healthcare Realty Trust in a research note on Wednesday, June 28th. Jefferies Group LLC cut shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and set a $36.00 price objective on the stock. in a research note on Thursday, June 15th. They noted that the move was a valuation call. Finally, Stifel Nicolaus dropped their price objective on shares of 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. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.00.
Healthcare Realty Trust (NYSE:HR) opened at 32.83 on Monday. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 31.57 and a beta of 0.29. The firm has a 50 day moving average of $33.91 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 $36.38.
A number of large investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC bought a new stake in Healthcare Realty Trust during the first quarter worth about $19,801,000. Bennicas & Associates Inc. bought a new stake in Healthcare Realty Trust during the first quarter worth about $202,000. Great West Life Assurance Co. Can boosted its stake in Healthcare Realty Trust by 2.9% in the first quarter. Great West Life Assurance Co. Can now owns 124,643 shares of the real estate investment trust’s stock worth $4,049,000 after buying an additional 3,497 shares in the last quarter. Comerica Bank boosted its stake in Healthcare Realty Trust by 5.1% in the first quarter. Comerica Bank now owns 89,265 shares of the real estate investment trust’s stock worth $2,974,000 after buying an additional 4,293 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Healthcare Realty Trust by 0.6% in the first quarter. Swiss National Bank now owns 191,600 shares of the real estate investment trust’s stock worth $6,227,000 after buying an additional 1,200 shares in the last quarter. 96.04% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Robert E. Hull sold 1,744 shares of Healthcare Realty Trust stock in a transaction on Monday, May 15th. The shares were sold at an average price of $32.45, for a total value of $56,592.80. Following the sale, the executive vice president now owns 58,174 shares of the company’s stock, valued at approximately $1,887,746.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John M. Bryant, Jr. sold 7,000 shares of Healthcare Realty Trust stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $33.51, for a total transaction of $234,570.00. Following the completion of the sale, the insider now directly owns 142,256 shares in the company, valued at approximately $4,766,998.56. The disclosure for this sale can be found here. 1.85% of the stock is currently owned by company insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 11th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, August 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.66%. Healthcare Realty Trust’s payout ratio is 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.
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