Brokerages predict that Healthcare Realty Trust Inc (NYSE:HR) will report $0.41 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Healthcare Realty Trust’s earnings. The highest EPS estimate is $0.43 and the lowest is $0.40. Healthcare Realty Trust posted earnings per share of $0.40 in the same quarter last year, which would suggest a positive year over year growth rate of 2.5%. The business is expected to announce its next earnings report on Wednesday, February 12th.
On average, analysts expect that Healthcare Realty Trust will report full-year earnings of $1.60 per share for the current year, with EPS estimates ranging from $1.59 to $1.62. For the next fiscal year, analysts anticipate that the company will post earnings of $1.66 per share, with EPS estimates ranging from $1.63 to $1.68. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Healthcare Realty Trust.
Healthcare Realty Trust (NYSE:HR) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.37). The firm had revenue of $119.80 million during the quarter, compared to analyst estimates of $117.93 million. Healthcare Realty Trust had a net margin of 6.12% and a return on equity of 1.59%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS.
A number of equities analysts have recently weighed in on HR shares. Morgan Stanley boosted their price objective on shares of Healthcare Realty Trust from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 17th. Zacks Investment Research raised shares of Healthcare Realty Trust from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Tuesday, November 26th. BMO Capital Markets restated a “hold” rating and set a $31.00 target price on shares of Healthcare Realty Trust in a research report on Wednesday, November 6th. Stifel Nicolaus raised shares of Healthcare Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $33.00 to $35.00 in a research note on Tuesday, November 26th. Finally, Berenberg Bank started coverage on Healthcare Realty Trust in a report on Thursday, September 12th. They issued a “buy” rating for the company. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Healthcare Realty Trust has a consensus rating of “Hold” and a consensus target price of $33.83.
Shares of Healthcare Realty Trust stock traded up $0.05 during mid-day trading on Wednesday, hitting $33.17. 13,486 shares of the stock were exchanged, compared to its average volume of 935,125. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 9.42 and a beta of 0.27. Healthcare Realty Trust has a twelve month low of $27.08 and a twelve month high of $34.89. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.80. The company has a 50-day simple moving average of $33.21 and a 200 day simple moving average of $32.81.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.62%. The ex-dividend date was Wednesday, November 13th. Healthcare Realty Trust’s dividend payout ratio (DPR) is 76.43%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its stake in Healthcare Realty Trust by 5.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 9,117,172 shares of the real estate investment trust’s stock worth $285,550,000 after purchasing an additional 473,389 shares during the period. Capital Advisors Inc. OK raised its position in shares of Healthcare Realty Trust by 313.3% in the 2nd quarter. Capital Advisors Inc. OK now owns 335,793 shares of the real estate investment trust’s stock worth $10,517,000 after buying an additional 254,552 shares during the period. Bank of New York Mellon Corp boosted its holdings in Healthcare Realty Trust by 12.3% in the second quarter. Bank of New York Mellon Corp now owns 2,156,928 shares of the real estate investment trust’s stock valued at $67,555,000 after acquiring an additional 235,936 shares during the last quarter. Eaton Vance Management grew its position in Healthcare Realty Trust by 46.3% during the second quarter. Eaton Vance Management now owns 665,394 shares of the real estate investment trust’s stock valued at $20,840,000 after acquiring an additional 210,438 shares during the period. Finally, State of New Jersey Common Pension Fund D purchased a new stake in Healthcare Realty Trust during the third quarter valued at about $3,936,000. 93.23% of the stock is currently owned by institutional investors and hedge funds.
About Healthcare Realty Trust
Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of December 31, 2018, the Company owned 199 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $4.9 billion.
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