Healthcare Realty Trust Incorporated (HR) Expected to Announce Earnings of $0.41 Per Share
Equities research analysts expect Healthcare Realty Trust Incorporated (NYSE:HR) to announce $0.41 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Healthcare Realty Trust’s earnings, with estimates ranging from $0.38 to $0.43. Healthcare Realty Trust reported earnings of $0.46 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 10.9%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 21st.
According to Zacks, analysts expect that Healthcare Realty Trust will report full-year earnings of $1.58 per share for the current fiscal year, with EPS estimates ranging from $1.52 to $1.62. For the next financial year, analysts anticipate that the business will report earnings of $1.68 per share, with EPS estimates ranging from $1.61 to $1.76. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Healthcare Realty Trust.
Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The company had revenue of $106.95 million for the quarter, compared to analyst estimates of $108.97 million. Healthcare Realty Trust had a return on equity of 6.62% and a net margin of 26.70%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 earnings per share.
Several research firms have recently issued reports on HR. Zacks Investment Research cut Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th. Stifel Nicolaus reiterated a “buy” rating on shares of Healthcare Realty Trust in a report on Friday, August 4th. Jefferies Group LLC reiterated a “hold” rating and issued a $34.00 target price (down previously from $36.00) on shares of Healthcare Realty Trust in a report on Thursday, August 10th. Mizuho reiterated a “hold” rating and issued a $35.00 target price on shares of Healthcare Realty Trust in a report on Friday, October 27th. Finally, BidaskClub upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $33.29.
In other news, Director John Knox Singleton bought 3,450 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were bought at an average cost of $31.88 per share, with a total value of $109,986.00. Following 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 SEC, which is available at the SEC website. 1.85% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Fiduciary Trust Co. bought a new stake in Healthcare Realty Trust during the second quarter valued at about $113,000. Quantbot Technologies LP bought a new stake in shares of Healthcare Realty Trust in the third quarter valued at about $130,000. Pacad Investment Ltd. lifted its stake in shares of 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 valued at $164,000 after buying an additional 1,400 shares during the period. Huntington National Bank lifted its stake in shares of 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 valued at $177,000 after buying an additional 1,393 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of 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 valued at $212,000 after buying an additional 72 shares during the period. Hedge funds and other institutional investors own 91.40% of the company’s stock.
Healthcare Realty Trust (NYSE:HR) traded up $0.13 during trading on Friday, reaching $32.63. The company’s stock had a trading volume of 827,829 shares, compared to its average volume of 781,194. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $4,080.16, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 5.18 and a beta of 0.32. Healthcare Realty Trust has a one year low of $26.66 and a one year high of $36.25.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.68%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently 123.71%.
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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.
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