Zacks: Brokerages Anticipate Healthcare Realty Trust Incorporated (HR) Will Post Quarterly Sales of $109.71 Million
Analysts expect that Healthcare Realty Trust Incorporated (NYSE:HR) will post $109.71 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Healthcare Realty Trust’s earnings, with the lowest sales estimate coming in at $107.01 million and the highest estimate coming in at $114.40 million. Healthcare Realty Trust reported sales of $105.31 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.2%. The company is scheduled to issue its next quarterly earnings results on Wednesday, February 21st.
According to Zacks, analysts expect that Healthcare Realty Trust will report full-year sales of $109.71 million for the current year, with estimates ranging from $418.91 million to $438.32 million. For the next year, analysts anticipate that the firm will report sales of $466.75 million per share, with estimates ranging from $441.25 million to $508.92 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Healthcare Realty Trust.
Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.38 EPS for the quarter, missing the 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 company had revenue of $106.95 million for the quarter, compared to analysts’ expectations of $108.97 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The firm’s revenue was up 3.2% on a year-over-year basis.
HR has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, November 6th. TheStreet lowered shares of Healthcare Realty Trust from a “b” rating to a “c+” rating in a report on Thursday, November 9th. Cantor Fitzgerald restated a “buy” rating on shares of Healthcare Realty Trust in a report on Wednesday, August 23rd. KeyCorp restated a “sell” rating and issued a $25.00 price objective on shares of Healthcare Realty Trust in a report on Thursday, August 24th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Healthcare Realty Trust in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.29.
Healthcare Realty Trust (NYSE:HR) opened at $32.83 on Friday. The company has a market capitalization of $4,100.14, a price-to-earnings ratio of 20.91, a PEG ratio of 5.24 and a beta of 0.32. Healthcare Realty Trust has a fifty-two week low of $28.38 and a fifty-two week high of $36.25. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.63.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.20 annualized dividend and a yield of 3.66%. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently 123.71%.
In related news, Director John Knox Singleton acquired 3,074 shares of Healthcare Realty Trust stock in a transaction that occurred on Friday, November 10th. The shares were purchased at an average cost of $32.55 per share, for a total transaction of $100,058.70. 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 insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fiduciary Trust Co. acquired a new position in Healthcare Realty Trust in the 2nd quarter valued at about $113,000. Quantbot Technologies LP acquired a new position in Healthcare Realty Trust in the 3rd quarter valued at about $130,000. Pacad Investment Ltd. grew its position in Healthcare Realty Trust by 41.2% in the 2nd quarter. Pacad Investment Ltd. now owns 4,800 shares of the real estate investment trust’s stock valued at $164,000 after acquiring an additional 1,400 shares in the last quarter. Huntington National Bank grew its position in Healthcare Realty Trust by 36.7% in the 2nd quarter. Huntington National Bank now owns 5,193 shares of the real estate investment trust’s stock valued at $177,000 after acquiring an additional 1,393 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Healthcare Realty Trust by 1.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,219 shares of the real estate investment trust’s stock valued at $212,000 after acquiring an additional 72 shares in the last quarter. 91.64% of the stock is owned by institutional investors.
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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