$0.41 EPS Expected for Healthcare Realty Trust Incorporated (HR) This Quarter
Wall Street analysts forecast that Healthcare Realty Trust Incorporated (NYSE:HR) will post $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 the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.38. Healthcare Realty Trust reported earnings of $0.46 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 10.9%. The business is expected to announce its next earnings results on Wednesday, February 21st.
On average, analysts expect that Healthcare Realty Trust will report full-year earnings of $1.57 per share for the current financial year, with EPS estimates ranging from $1.52 to $1.62. For the next financial year, analysts anticipate that the firm will report earnings of $1.68 per share, with EPS estimates ranging from $1.61 to $1.76. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Healthcare Realty Trust.
Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm posted $0.39 EPS.
HR has been the topic of a number of recent research reports. Jefferies Group LLC reissued a “hold” rating and set a $36.00 price objective on shares of Healthcare Realty Trust in a research note on Monday, July 17th. BidaskClub lowered Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Stifel Nicolaus reissued a “buy” rating on shares of Healthcare Realty Trust in a research note on Friday, August 4th. Cantor Fitzgerald reissued a “buy” rating and set a $38.00 price objective on shares of Healthcare Realty Trust in a research note on Tuesday, August 15th. Finally, KeyCorp reaffirmed a “sell” rating and issued a $25.00 price target on shares of Healthcare Realty Trust in a research note on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $33.29.
Healthcare Realty Trust (HR) traded up $0.15 during midday trading on Friday, reaching $32.63. The company’s stock had a trading volume of 385,196 shares, compared to its average volume of 735,856. The firm has a market capitalization of $4,080.00, a price-to-earnings ratio of 20.78, a P/E/G ratio of 5.19 and a beta of 0.32. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.82 and a quick ratio of 2.82. Healthcare Realty Trust has a one year low of $27.51 and a one year high of $36.25.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Wednesday, November 15th. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently 122.45%.
In other Healthcare Realty Trust news, Director John Knox Singleton purchased 3,450 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were acquired at an average price 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 approximately $564,052.84. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.85% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of HR. Russell Investments Group Ltd. lifted its stake in Healthcare Realty Trust by 100.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,041,967 shares of the real estate investment trust’s stock worth $35,559,000 after acquiring an additional 522,959 shares in the last quarter. FMR LLC lifted its stake in Healthcare Realty Trust by 6.4% during the 2nd quarter. FMR LLC now owns 7,274,016 shares of the real estate investment trust’s stock worth $248,408,000 after acquiring an additional 434,895 shares in the last quarter. Citadel Advisors LLC lifted its stake in Healthcare Realty Trust by 6,295.0% during the 3rd quarter. Citadel Advisors LLC now owns 432,109 shares of the real estate investment trust’s stock worth $13,974,000 after acquiring an additional 425,352 shares in the last quarter. Janus Henderson Group PLC acquired a new position in Healthcare Realty Trust during the 2nd quarter worth about $12,297,000. Finally, Northern Trust Corp lifted its stake in Healthcare Realty Trust by 8.6% during the 2nd quarter. Northern Trust Corp now owns 3,367,432 shares of the real estate investment trust’s stock worth $114,997,000 after acquiring an additional 266,749 shares in the last quarter. 91.40% of the stock is currently owned by hedge funds and other institutional investors.
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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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