$0.39 Earnings Per Share Expected for Healthcare Realty Trust Inc (HR) This Quarter

Wall Street brokerages expect Healthcare Realty Trust Inc (NYSE:HR) to announce $0.39 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for Healthcare Realty Trust’s earnings, with estimates ranging from $0.38 to $0.40. Healthcare Realty Trust posted earnings per share of $0.38 during the same quarter last year, which indicates a positive year-over-year growth rate of 2.6%. The company is expected to report its next quarterly earnings results after the market closes on Thursday, November 1st.

According to Zacks, analysts expect that Healthcare Realty Trust will report full year earnings of $1.59 per share for the current financial year, with EPS estimates ranging from $1.57 to $1.60. For the next financial year, analysts expect that the business will report earnings of $1.65 per share, with EPS estimates ranging from $1.62 to $1.69. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Healthcare Realty Trust.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.10). Healthcare Realty Trust had a net margin of 2.95% and a return on equity of 0.72%. The company had revenue of $111.60 million for the quarter, compared to the consensus estimate of $111.00 million. During the same period in the prior year, the firm posted $0.39 EPS. The business’s revenue was up 6.0% on a year-over-year basis.

Several analysts have recently weighed in on the stock. Raymond James assumed coverage on shares of Healthcare Realty Trust in a research note on Thursday. They set an “underperform” rating for the company. Zacks Investment Research downgraded shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, October 5th. Morgan Stanley downgraded shares of Healthcare Realty Trust from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $29.00 to $28.00 in a research note on Thursday, August 16th. Mizuho reaffirmed a “hold” rating and set a $28.00 price target on shares of Healthcare Realty Trust in a research note on Monday, August 13th. Finally, ValuEngine raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Healthcare Realty Trust has a consensus rating of “Hold” and a consensus target price of $29.25.

In related news, EVP John M. Bryant, Jr. sold 2,561 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $30.56, for a total value of $78,264.16. Following the completion of the transaction, the executive vice president now owns 146,795 shares of the company’s stock, valued at $4,486,055.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.85% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in Healthcare Realty Trust by 3.0% in the second quarter. BlackRock Inc. now owns 17,676,495 shares of the real estate investment trust’s stock worth $514,032,000 after purchasing an additional 513,077 shares during the last quarter. Morgan Stanley grew its holdings in Healthcare Realty Trust by 0.6% in the second quarter. Morgan Stanley now owns 4,931,625 shares of the real estate investment trust’s stock worth $143,412,000 after purchasing an additional 28,062 shares during the last quarter. Resolution Capital Ltd purchased a new position in Healthcare Realty Trust in the second quarter worth $92,378,000. Channing Capital Management LLC grew its holdings in Healthcare Realty Trust by 20.1% in the second quarter. Channing Capital Management LLC now owns 2,231,575 shares of the real estate investment trust’s stock worth $64,893,000 after purchasing an additional 372,849 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Healthcare Realty Trust by 2.9% in the second quarter. Bank of New York Mellon Corp now owns 2,018,824 shares of the real estate investment trust’s stock worth $58,706,000 after purchasing an additional 56,416 shares during the last quarter. 93.41% of the stock is owned by institutional investors.

Healthcare Realty Trust stock opened at $28.11 on Tuesday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.76. Healthcare Realty Trust has a fifty-two week low of $26.09 and a fifty-two week high of $33.98. The company has a market cap of $3.52 billion, a PE ratio of 18.01, a P/E/G ratio of 4.43 and a beta of 0.15.

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 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.

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

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