$112.44 Million in Sales Expected for Healthcare Realty Trust Incorporated (HR) This Quarter

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Wall Street analysts predict that Healthcare Realty Trust Incorporated (NYSE:HR) will report sales of $112.44 million for the current quarter, according to Zacks. Three analysts have made estimates for Healthcare Realty Trust’s earnings. The lowest sales estimate is $110.94 million and the highest is $113.58 million. Healthcare Realty Trust reported sales of $105.25 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.8%. The firm is expected to report its next quarterly earnings results on Wednesday, August 1st.

According to Zacks, analysts expect that Healthcare Realty Trust will report full-year sales of $451.70 million for the current fiscal year, with estimates ranging from $449.12 million to $455.64 million. For the next year, analysts forecast that the firm will post sales of $472.79 million per share, with estimates ranging from $466.72 million to $479.92 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Healthcare Realty Trust.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Thursday, May 3rd. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.33). The company had revenue of $112.10 million for the quarter, compared to analysts’ expectations of $111.07 million. Healthcare Realty Trust had a net margin of 0.10% and a return on equity of 0.02%. Healthcare Realty Trust’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share.

Several research firms recently weighed in on HR. BMO Capital Markets reiterated a “hold” rating and set a $31.00 target price on shares of Healthcare Realty Trust in a research report on Tuesday, March 27th. ValuEngine downgraded Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. Morgan Stanley lowered their price objective on Healthcare Realty Trust from $35.00 to $32.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 20th. Zacks Investment Research upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. Finally, SunTrust Banks set a $30.00 price objective on Healthcare Realty Trust and gave the company a “hold” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $30.13.

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

Several hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of Healthcare Realty Trust by 1.8% in the first quarter. Principal Financial Group Inc. now owns 541,643 shares of the real estate investment trust’s stock worth $15,009,000 after purchasing an additional 9,682 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Healthcare Realty Trust in the first quarter worth about $416,000. Xact Kapitalforvaltning AB increased its holdings in shares of Healthcare Realty Trust by 71.7% in the first quarter. Xact Kapitalforvaltning AB now owns 13,653 shares of the real estate investment trust’s stock worth $378,000 after purchasing an additional 5,700 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Healthcare Realty Trust by 11.7% in the first quarter. Legal & General Group Plc now owns 502,914 shares of the real estate investment trust’s stock worth $13,936,000 after purchasing an additional 52,634 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its holdings in shares of Healthcare Realty Trust by 45.1% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 136,976 shares of the real estate investment trust’s stock worth $3,795,000 after purchasing an additional 42,559 shares during the last quarter. 97.50% of the stock is currently owned by hedge funds and other institutional investors.

NYSE HR traded down $0.27 on Friday, hitting $27.17. 1,211,133 shares of the company traded hands, compared to its average volume of 979,134. The company has a market capitalization of $3.44 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 4.30 and a beta of 0.24. 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 52-week low of $26.09 and a 52-week high of $36.25.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 31st. Stockholders of record on Wednesday, May 16th were given a $0.30 dividend. The ex-dividend date was Tuesday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 4.42%. Healthcare Realty Trust’s payout ratio is 78.43%.

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 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.

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

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