$0.40 Earnings Per Share Expected for Healthcare Realty Trust Inc (HR) This Quarter

Equities research analysts expect Healthcare Realty Trust Inc (NYSE:HR) to post earnings per share of $0.40 for the current quarter, according to Zacks. Five analysts have made estimates for Healthcare Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.41. Healthcare Realty Trust reported earnings per share of $0.38 in the same quarter last year, which indicates a positive year over year growth rate of 5.3%. The company is expected to issue its next quarterly earnings results on Wednesday, February 13th.

On average, analysts expect that Healthcare Realty Trust will report full year earnings of $1.58 per share for the current fiscal year, with EPS estimates ranging from $1.57 to $1.60. For the next financial year, analysts anticipate that the business will report earnings of $1.64 per share, with EPS estimates ranging from $1.62 to $1.69. Zacks’ EPS averages are an average based on a survey of research analysts that cover Healthcare Realty Trust.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.34). The firm had revenue of $113.46 million for the quarter, compared to analysts’ expectations of $112.45 million. Healthcare Realty Trust had a net margin of 3.66% and a return on equity of 0.92%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 EPS.

A number of brokerages recently issued reports on HR. Zacks Investment Research upgraded shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. Raymond James began coverage on shares of Healthcare Realty Trust in a research note on Thursday, October 18th. They issued an “underperform” rating for the company. Mizuho restated a “hold” rating and issued a $28.00 price target on shares of Healthcare Realty Trust in a research note on Monday, August 13th. Finally, Morgan Stanley lowered shares of Healthcare Realty Trust from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $29.00 to $28.00 in a research note on Thursday, August 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $29.86.

Shares of HR traded down $0.01 during mid-day trading on Friday, reaching $28.96. 495,298 shares of the stock traded hands, compared to its average volume of 825,732. The firm has a market capitalization of $3.60 billion, a P/E ratio of 18.93, a P/E/G ratio of 4.54 and a beta of 0.20. Healthcare Realty Trust has a 12-month low of $26.09 and a 12-month high of $33.98. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.77.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Thursday, November 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.14%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently 78.43%.

Several large investors have recently modified their holdings of HR. Qube Research & Technologies Ltd acquired a new position in Healthcare Realty Trust in the second quarter worth $112,000. Advisors Asset Management Inc. boosted its holdings in Healthcare Realty Trust by 725.6% in the second quarter. Advisors Asset Management Inc. now owns 36,259 shares of the real estate investment trust’s stock worth $135,000 after purchasing an additional 31,867 shares during the period. Westbourne Investment Advisors Inc. acquired a new position in Healthcare Realty Trust in the third quarter worth $143,000. Hartford Investment Management Co. acquired a new position in Healthcare Realty Trust in the second quarter worth $229,000. Finally, Bank of Montreal Can acquired a new position in Healthcare Realty Trust in the second quarter worth $242,000. Institutional investors and hedge funds own 92.30% of the company’s stock.

Healthcare Realty Trust Company Profile

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.

See Also: Book Value Per Share – BVPS

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Earnings History and Estimates for Healthcare Realty Trust (NYSE:HR)

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