SunTrust Banks Comments on Healthcare Realty Trust Incorporated’s FY2017 Earnings (HR)
Healthcare Realty Trust Incorporated (NYSE:HR) – Research analysts at SunTrust Banks raised their FY2017 earnings per share (EPS) estimates for shares of Healthcare Realty Trust in a note issued to investors on Wednesday. SunTrust Banks analyst E. Fleming now anticipates that the real estate investment trust will earn $1.62 per share for the year, up from their previous forecast of $1.60. SunTrust Banks also issued estimates for Healthcare Realty Trust’s Q4 2017 earnings at $0.39 EPS, Q1 2018 earnings at $0.40 EPS, Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.42 EPS and FY2018 earnings at $1.61 EPS.
A number of other research firms have also recently weighed in on HR. KeyCorp reissued a “sell” rating and issued a $25.00 price target on shares of Healthcare Realty Trust in a report on Tuesday, September 26th. BidaskClub downgraded Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Stifel Nicolaus reissued a “buy” rating and set a $34.00 price target on shares of Healthcare Realty Trust in a research report on Friday. Finally, Jefferies Group LLC restated a “hold” rating and set a $34.00 price objective (down previously from $36.00) on shares of Healthcare Realty Trust in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $33.43.
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Healthcare Realty Trust (NYSE:HR) opened at $32.39 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.82 and a quick ratio of 2.82. The firm has a market cap of $4,045.19, a PE ratio of 20.63, a P/E/G ratio of 5.11 and a beta of 0.32.
Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings results 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). Healthcare Realty Trust had a return on equity of 6.62% and a net margin of 26.70%. The business had revenue of $106.95 million for the quarter, compared to analysts’ expectations of $108.97 million. During the same quarter in the previous year, the firm posted $0.39 EPS. Healthcare Realty Trust’s revenue was up 3.2% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date is Wednesday, November 15th. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently 123.71%.
In related news, Director John Knox Singleton purchased 3,450 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was bought at an average cost of $31.88 per share, for a total transaction of $109,986.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available at this link. Company insiders own 1.85% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HR. Swiss National Bank raised its holdings in Healthcare Realty Trust by 6.3% during the third quarter. Swiss National Bank now owns 206,300 shares of the real estate investment trust’s stock worth $6,672,000 after purchasing an additional 12,200 shares during the last quarter. Principal Financial Group Inc. grew its position in Healthcare Realty Trust by 6.5% during the third quarter. Principal Financial Group Inc. now owns 527,127 shares of the real estate investment trust’s stock valued at $17,048,000 after acquiring an additional 32,190 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Healthcare Realty Trust by 7.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 45,599 shares of the real estate investment trust’s stock worth $1,475,000 after buying an additional 3,119 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Healthcare Realty Trust by 17.1% in the third quarter. Daiwa Securities Group Inc. now owns 12,300 shares of the real estate investment trust’s stock worth $398,000 after buying an additional 1,800 shares during the period. Finally, Prudential Financial Inc. grew its holdings in shares of Healthcare Realty Trust by 7.3% during the third quarter. Prudential Financial Inc. now owns 85,326 shares of the real estate investment trust’s stock valued at $2,759,000 after purchasing an additional 5,815 shares during the last quarter. Institutional investors and hedge funds own 91.40% of the company’s stock.
Healthcare Realty Trust Company Profile
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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