Healthcare Realty Trust (HR) Releases Earnings Results, Misses Estimates By $0.27 EPS

Healthcare Realty Trust (NYSE:HR) issued its earnings results on Wednesday. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.27), Fidelity Earnings reports. Healthcare Realty Trust had a return on equity of 0.92% and a net margin of 3.66%. The firm had revenue of $113.17 million during the quarter, compared to the consensus estimate of $114.17 million. During the same quarter in the prior year, the business earned $0.38 earnings per share. Healthcare Realty Trust’s revenue for the quarter was up 5.0% on a year-over-year basis.

NYSE:HR traded up $0.45 during trading hours on Thursday, hitting $32.59. 43,153 shares of the company traded hands, compared to its average volume of 492,054. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.77. Healthcare Realty Trust has a one year low of $26.09 and a one year high of $32.83. The stock has a market cap of $4.08 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 5.01 and a beta of 0.55.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Friday, February 22nd will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.68%. The ex-dividend date is Thursday, February 21st. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently 78.43%.

HR has been the topic of several recent analyst reports. Raymond James upgraded Healthcare Realty Trust from an “underperform” rating to a “market perform” rating in a research note on Tuesday, January 8th. ValuEngine cut Healthcare Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th. Wells Fargo & Co cut Healthcare Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 11th. Finally, Mizuho upgraded Healthcare Realty Trust from a “neutral” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Tuesday, November 13th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $30.43.

In other news, Director John Knox Singleton sold 12,048 shares of the firm’s stock in a transaction on Wednesday, November 21st. The stock was sold at an average price of $29.91, for a total transaction of $360,355.68. Following the completion of the sale, the director now directly owns 23,992 shares of the company’s stock, valued at approximately $717,600.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Peter F. Sr Lyle, Sr. sold 3,298 shares of the firm’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $30.44, for a total value of $100,391.12. Following the sale, the director now directly owns 5,787 shares of the company’s stock, valued at $176,156.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,157 shares of company stock worth $1,240,596. Company insiders own 1.79% of the company’s stock.

Several institutional investors have recently made changes to their positions in HR. Bank of America Corp DE increased its holdings in Healthcare Realty Trust by 43.8% in the 4th quarter. Bank of America Corp DE now owns 584,089 shares of the real estate investment trust’s stock worth $16,611,000 after acquiring an additional 177,774 shares during the last quarter. Crestline Management LP increased its holdings in Healthcare Realty Trust by 71.7% in the 4th quarter. Crestline Management LP now owns 99,709 shares of the real estate investment trust’s stock worth $2,836,000 after acquiring an additional 41,653 shares during the last quarter. Geode Capital Management LLC increased its holdings in Healthcare Realty Trust by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 1,698,171 shares of the real estate investment trust’s stock worth $48,295,000 after acquiring an additional 115,152 shares during the last quarter. California State Teachers Retirement System increased its holdings in Healthcare Realty Trust by 2.4% in the 4th quarter. California State Teachers Retirement System now owns 194,365 shares of the real estate investment trust’s stock worth $5,528,000 after acquiring an additional 4,605 shares during the last quarter. Finally, Hudson Bay Capital Management LP purchased a new stake in Healthcare Realty Trust in the 4th quarter worth about $6,789,000. 98.55% of the stock is owned by hedge funds and other institutional investors.

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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 September 30, 2018, the Company owned 201 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $5.0 billion.

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Earnings History for Healthcare Realty Trust (NYSE:HR)

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