Healthcare Realty Trust (HR) to Release Quarterly Earnings on Tuesday

Healthcare Realty Trust (NYSE:HR) will issue its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.38 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.51). The company had revenue of $330.40 million for the quarter, compared to analyst estimates of $334.32 million. Healthcare Realty Trust had a negative net margin of 20.71% and a negative return on equity of 3.87%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 EPS. On average, analysts expect Healthcare Realty Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Healthcare Realty Trust Stock Performance

NYSE:HR opened at $14.24 on Tuesday. Healthcare Realty Trust has a 12 month low of $12.77 and a 12 month high of $20.32. The firm has a fifty day simple moving average of $13.76 and a two-hundred day simple moving average of $15.07.

Healthcare Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, February 26th were paid a $0.31 dividend. The ex-dividend date was Friday, February 23rd. This represents a $1.24 annualized dividend and a dividend yield of 8.71%. Healthcare Realty Trust’s dividend payout ratio is presently -167.57%.

Wall Street Analyst Weigh In

A number of brokerages have commented on HR. JPMorgan Chase & Co. reduced their price objective on Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Healthcare Realty Trust in a research report on Tuesday, January 30th. They issued a “hold” rating and a $18.00 price target for the company. Wells Fargo & Company lowered their price objective on shares of Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 10th. Wedbush cut shares of Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $19.00 to $15.00 in a report on Tuesday, February 20th. Finally, Stifel Nicolaus lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their target price for the stock from $19.00 to $15.00 in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Healthcare Realty Trust has an average rating of “Hold” and an average target price of $17.20.

Healthcare Realty Trust Company Profile

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.