Jefferies Group Research Analysts Decrease Earnings Estimates for Healthcare Realty Trust Incorporated (HR)

Healthcare Realty Trust Incorporated (NYSE:HR) – Investment analysts at Jefferies Group dropped their FY2018 earnings per share estimates for shares of Healthcare Realty Trust in a research report issued to clients and investors on Wednesday, May 16th. Jefferies Group analyst O. Okusanya now forecasts that the real estate investment trust will post earnings of $1.61 per share for the year, down from their prior forecast of $1.62.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings data on Thursday, May 3rd. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.33). Healthcare Realty Trust had a return on equity of 0.02% and a net margin of 0.10%. The company had revenue of $112.10 million for the quarter, compared to analyst estimates of $111.07 million. During the same period in the previous year, the business posted $0.39 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year.

A number of other analysts have also recently weighed in on HR. SunTrust Banks set a $32.00 price objective on shares of Healthcare Realty Trust and gave the stock a “hold” rating in a report on Monday, January 22nd. Zacks Investment Research cut shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Cantor Fitzgerald reissued a “buy” rating and set a $38.00 price objective on shares of Healthcare Realty Trust in a report on Wednesday, February 14th. Stifel Nicolaus cut their price objective on shares of Healthcare Realty Trust from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. Finally, BMO Capital Markets reissued a “hold” rating and set a $32.00 price objective on shares of Healthcare Realty Trust in a report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Healthcare Realty Trust presently has an average rating of “Hold” and an average price target of $30.13.

HR stock opened at $26.31 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.06 and a current ratio of 0.06. Healthcare Realty Trust has a twelve month low of $26.60 and a twelve month high of $26.96. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 4.18 and a beta of 0.22.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 31st. Stockholders of record on Wednesday, May 16th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.56%. Healthcare Realty Trust’s payout ratio is 78.43%.

In other news, EVP John M. Bryant, Jr. sold 23,610 shares of Healthcare Realty Trust stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $28.01, for a total value of $661,316.10. Following the transaction, the executive vice president now directly owns 149,356 shares of the company’s stock, valued at approximately $4,183,461.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.85% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Wolverine Asset Management LLC acquired a new position in shares of Healthcare Realty Trust in the 4th quarter valued at $204,000. Envestnet Asset Management Inc. increased its stake in Healthcare Realty Trust by 59.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 6,877 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 2,566 shares during the period. Verition Fund Management LLC acquired a new position in Healthcare Realty Trust in the 4th quarter valued at $222,000. Signition LP acquired a new position in Healthcare Realty Trust in the 4th quarter valued at $237,000. Finally, Vident Investment Advisory LLC acquired a new position in Healthcare Realty Trust in the 4th quarter valued at $242,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

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 December 31, 2017, the Company owned 201 real estate properties in 27 states totaling 14.6 million square feet and was valued at approximately $5.3 billion.

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

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