Healthcare Realty Trust Inc (NYSE:HR) – Research analysts at Jefferies Financial Group cut their FY2018 earnings per share (EPS) estimates for shares of Healthcare Realty Trust in a report released on Monday, August 13th. Jefferies Financial Group analyst O. Okusanya now forecasts that the real estate investment trust will earn $1.57 per share for the year, down from their previous estimate of $1.58. Jefferies Financial Group also issued estimates for Healthcare Realty Trust’s Q1 2019 earnings at $0.40 EPS, Q2 2019 earnings at $0.41 EPS, Q3 2019 earnings at $0.40 EPS and Q4 2019 earnings at $0.41 EPS.
Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.10). Healthcare Realty Trust had a return on equity of 0.72% and a net margin of 2.95%. The firm had revenue of $111.60 million during the quarter, compared to analyst estimates of $111.00 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis.
HR stock opened at $30.38 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.11 and a current ratio of 0.11. Healthcare Realty Trust has a 12-month low of $26.09 and a 12-month high of $34.26. The stock has a market capitalization of $3.77 billion, a P/E ratio of 19.86, a PEG ratio of 4.73 and a beta of 0.23.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 30th. Stockholders of record on Wednesday, August 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Tuesday, August 14th. Healthcare Realty Trust’s dividend payout ratio is currently 78.43%.
In other news, EVP John M. Bryant, Jr. sold 2,561 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $30.56, for a total transaction of $78,264.16. Following the transaction, the executive vice president now directly owns 146,795 shares in the company, valued at approximately $4,486,055.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John Knox Singleton sold 18,341 shares of the business’s stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $27.25, for a total value of $499,792.25. Following the transaction, the director now owns 23,992 shares in the company, valued at $653,782. The disclosure for this sale can be found here. Insiders own 1.79% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Resolution Capital Ltd purchased a new stake in shares of Healthcare Realty Trust during the 2nd quarter valued at approximately $92,378,000. Citadel Advisors LLC purchased a new stake in shares of Healthcare Realty Trust during the 2nd quarter valued at approximately $15,539,000. Voya Investment Management LLC raised its position in shares of Healthcare Realty Trust by 976.0% during the 2nd quarter. Voya Investment Management LLC now owns 571,127 shares of the real estate investment trust’s stock valued at $16,609,000 after buying an additional 518,049 shares during the period. BlackRock Inc. raised its position in shares of Healthcare Realty Trust by 3.0% during the 2nd quarter. BlackRock Inc. now owns 17,676,495 shares of the real estate investment trust’s stock valued at $514,032,000 after buying an additional 513,077 shares during the period. Finally, Channing Capital Management LLC raised its position in shares of Healthcare Realty Trust by 20.1% during the 2nd quarter. Channing Capital Management LLC now owns 2,231,575 shares of the real estate investment trust’s stock valued at $64,893,000 after buying an additional 372,849 shares during the period. Institutional investors and hedge funds own 97.54% of the company’s stock.
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 June 30, 2018, the Company owned 201 real estate properties in 27 states totaling 14.9 million square feet and was valued at approximately $5.0 billion.
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