Healthcare Realty Trust Inc (NYSE:HR) – Investment analysts at Jefferies Group raised their Q4 2017 earnings per share estimates for shares of Healthcare Realty Trust in a research note issued to investors on Thursday. Jefferies Group analyst O. Okusanya now anticipates that the real estate investment trust will post earnings of $0.41 per share for the quarter, up from their previous estimate of $0.32.
HR has been the topic of several other research reports. Zacks Investment Research raised Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, November 6th. TheStreet cut shares of Healthcare Realty Trust from a “b” rating to a “c+” rating in a report on Thursday, November 9th. Morgan Stanley reaffirmed an “overweight” rating and issued a $34.00 target price on shares of Healthcare Realty Trust in a report on Thursday, December 14th. BMO Capital Markets reaffirmed a “buy” rating and issued a $34.00 target price on shares of Healthcare Realty Trust in a report on Thursday, November 2nd. Finally, KeyCorp set a $25.00 target price on shares of Healthcare Realty Trust and gave the company a “sell” rating in a report on Sunday, October 29th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $33.29.
Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). The firm had revenue of $106.95 million for the quarter, compared to analysts’ expectations of $108.97 million. Healthcare Realty Trust had a return on equity of 6.62% and a net margin of 26.70%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 EPS.
A number of hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. lifted its holdings in shares of Healthcare Realty Trust by 7.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,375,729 shares of the real estate investment trust’s stock valued at $46,982,000 after acquiring an additional 99,174 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Healthcare Realty Trust in the 2nd quarter worth $1,779,000. Goldman Sachs Group Inc. lifted its holdings in Healthcare Realty Trust by 67.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 661,865 shares of the real estate investment trust’s stock worth $22,602,000 after buying an additional 266,676 shares in the last quarter. Swiss National Bank lifted its holdings in Healthcare Realty Trust by 6.3% in the 3rd quarter. Swiss National Bank now owns 206,300 shares of the real estate investment trust’s stock worth $6,672,000 after buying an additional 12,200 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Healthcare Realty Trust by 5.3% in the 2nd quarter. Principal Financial Group Inc. now owns 494,937 shares of the real estate investment trust’s stock worth $16,902,000 after buying an additional 24,822 shares in the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.
In other Healthcare Realty Trust news, Director John Knox Singleton acquired 3,074 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was acquired at an average cost of $32.55 per share, with a total value of $100,058.70. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John M. Bryant, Jr. sold 6,638 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $32.38, for a total transaction of $214,938.44. Following the transaction, the executive vice president now directly owns 176,812 shares of the company’s stock, valued at $5,725,172.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,847 shares of company stock valued at $551,491. Corporate insiders own 1.85% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.79%. Healthcare Realty Trust’s dividend payout ratio (DPR) is 123.71%.
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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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