Healthcare Realty Trust (NYSE:HR) Posts Earnings Results, Beats Expectations By $0.01 EPS

Healthcare Realty Trust (NYSE:HR) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01, Zacks reports. Healthcare Realty Trust had a negative return on equity of 4.29% and a negative net margin of 17.34%.The business had revenue of $278.58 million for the quarter, compared to the consensus estimate of $271.60 million. During the same quarter last year, the business posted $0.41 EPS. The business’s revenue was down 5.3% on a year-over-year basis. Healthcare Realty Trust updated its FY 2026 guidance to 1.620-1.660 EPS.

Healthcare Realty Trust Price Performance

Shares of NYSE HR traded down $0.33 during midday trading on Thursday, reaching $21.48. 4,056,788 shares of the company traded hands, compared to its average volume of 3,536,718. Healthcare Realty Trust has a 52 week low of $15.28 and a 52 week high of $22.04. The stock has a 50-day moving average price of $20.54 and a 200 day moving average price of $18.93. The company has a market cap of $7.44 billion, a price-to-earnings ratio of -37.04 and a beta of 0.98.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HR shares. Raymond James Financial assumed coverage on shares of Healthcare Realty Trust in a report on Tuesday, June 16th. They issued an “outperform” rating and a $24.00 price objective on the stock. Citigroup upped their target price on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Royal Bank Of Canada raised their price target on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “sector perform” rating in a research note on Thursday, May 14th. Wells Fargo & Company lifted their price target on Healthcare Realty Trust from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Finally, Cantor Fitzgerald boosted their price objective on Healthcare Realty Trust from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $21.67.

Insider Transactions at Healthcare Realty Trust

In related news, CAO Amanda L. Callaway sold 25,767 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $20.37, for a total value of $524,873.79. Following the completion of the transaction, the chief accounting officer owned 109,954 shares in the company, valued at $2,239,762.98. This represents a 18.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.56% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LLC lifted its position in Healthcare Realty Trust by 7.2% in the fourth quarter. Corient Private Wealth LLC now owns 26,097 shares of the real estate investment trust’s stock worth $442,000 after purchasing an additional 1,757 shares during the period. Mercer Global Advisors Inc. ADV increased its position in shares of Healthcare Realty Trust by 7.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 57,501 shares of the real estate investment trust’s stock valued at $975,000 after purchasing an additional 3,937 shares during the period. Vident Advisory LLC acquired a new position in shares of Healthcare Realty Trust during the 4th quarter valued at $176,000. XTX Topco Ltd bought a new stake in shares of Healthcare Realty Trust in the 4th quarter worth $2,075,000. Finally, Rush Island Management LP raised its stake in shares of Healthcare Realty Trust by 15.4% in the 4th quarter. Rush Island Management LP now owns 9,007,902 shares of the real estate investment trust’s stock worth $152,684,000 after buying an additional 1,204,551 shares in the last quarter.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust (NYSE: HR) is a real estate investment trust specializing in the ownership, acquisition and management of outpatient medical facilities. Headquartered in Nashville, Tennessee, the company’s portfolio is focused primarily on medical office buildings and outpatient healthcare properties that serve hospitals, health systems and other healthcare providers. Its business model centers on securing long-term, triple-net leases to generate stable income streams from a diversified tenant base.

The company’s properties are located across key metropolitan markets in the United States, including major healthcare hubs in the Southeast, Southwest and in select coastal regions.