Capital One Financial Brokers Lower Earnings Estimates for Healthcare Realty Trust Inc (NYSE:HR)

Healthcare Realty Trust Inc (NYSE:HR) – Investment analysts at Capital One Financial dropped their Q3 2019 earnings per share estimates for shares of Healthcare Realty Trust in a report issued on Thursday, August 1st. Capital One Financial analyst D. Bernstein now forecasts that the real estate investment trust will post earnings per share of $0.38 for the quarter, down from their previous estimate of $0.39. Capital One Financial has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for Healthcare Realty Trust’s FY2019 earnings at $1.55 EPS, Q1 2020 earnings at $0.39 EPS, Q2 2020 earnings at $0.41 EPS, Q3 2020 earnings at $0.40 EPS and FY2020 earnings at $1.62 EPS.

Other research analysts also recently issued research reports about the company. ValuEngine downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. TheStreet downgraded Healthcare Realty Trust from a “b-” rating to a “c” rating in a research note on Monday, May 6th. Zacks Investment Research downgraded Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th. Raymond James upgraded Healthcare Realty Trust from a “mkt perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a research note on Monday, May 13th. Finally, Citigroup assumed coverage on Healthcare Realty Trust in a research note on Thursday, June 20th. They issued a “neutral” rating and a $34.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Healthcare Realty Trust presently has a consensus rating of “Hold” and an average target price of $32.75.

Shares of NYSE:HR opened at $32.26 on Monday. The company has a market cap of $4.14 billion, a P/E ratio of 20.55, a PEG ratio of 9.31 and a beta of 0.35. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.13 and a quick ratio of 0.13. The company has a fifty day simple moving average of $32.20. Healthcare Realty Trust has a 1 year low of $26.98 and a 1 year high of $33.51.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.37). The business had revenue of $116.32 million during the quarter, compared to the consensus estimate of $114.50 million. Healthcare Realty Trust had a net margin of 7.08% and a return on equity of 1.83%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.40 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Wednesday, August 14th. Healthcare Realty Trust’s dividend payout ratio is 76.43%.

In other news, insider John M. Bryant, Jr. sold 13,079 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $32.08, for a total value of $419,574.32. Following the completion of the transaction, the insider now owns 152,985 shares in the company, valued at approximately $4,907,758.80. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.87% of the company’s stock.

Several hedge funds have recently made changes to their positions in HR. Swiss National Bank raised its holdings in Healthcare Realty Trust by 2.1% during the 2nd quarter. Swiss National Bank now owns 233,100 shares of the real estate investment trust’s stock worth $7,301,000 after buying an additional 4,900 shares during the period. Envestnet Asset Management Inc. raised its holdings in Healthcare Realty Trust by 12.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 25,258 shares of the real estate investment trust’s stock worth $791,000 after buying an additional 2,763 shares during the period. Kavar Capital Partners LLC acquired a new stake in Healthcare Realty Trust during the 2nd quarter worth approximately $56,000. Westpac Banking Corp acquired a new stake in Healthcare Realty Trust during the 2nd quarter worth approximately $2,959,000. Finally, Charter Trust Co. acquired a new stake in Healthcare Realty Trust during the 2nd quarter worth approximately $251,000. Institutional investors own 94.56% of the company’s stock.

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, 2018, the Company owned 199 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $4.9 billion.

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

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