Cantor Fitzgerald reiterated their buy rating on shares of Healthcare Realty Trust Incorporated (NYSE:HR) in a research note issued to investors on Wednesday morning.

“Lowering 2017-18 normalized FFO estimates. Our revised normalized FFO estimates are $1.59 per share for 2017 (vs. our prior $1.60 estimate and the $1.60 Bloomberg consensus) and $1.66 for 2018 (vs. prior $1.80 and $1.73 consensus). Our normalized AFFO estimates are $1.36 per share for 2017 (vs. the $1.33 consensus) and $1.46 for 2018 (in line with the consensus). Large dispositions. We believe that HR will divest seven properties in Virginia (through the exercise of a tenant purchase option) in 1Q18. We expect proceeds of approximately $45 million and a reduction in 2018 NOI of about $4.5 million before the redeployment of the proceeds. These are legacy properties dating to the Capstone acquisition nearly 20 years ago (1998), and the cap rate is more than twice what we believe that HR can realize when it redeploys the proceeds.”,” the firm’s analyst wrote.

HR has been the subject of several other research reports. BidaskClub cut shares of Healthcare Realty Trust from a buy rating to a hold rating in a research report on Friday, June 30th. Stifel Nicolaus reissued a buy rating on shares of Healthcare Realty Trust in a research report on Friday, August 4th. Jefferies Group LLC reissued a hold rating and set a $36.00 price target on shares of Healthcare Realty Trust in a research report on Monday, July 17th. Zacks Investment Research raised shares of Healthcare Realty Trust from a sell rating to a hold rating in a research report on Friday, June 16th. Finally, Mizuho reissued a neutral rating on shares of Healthcare Realty Trust in a research report on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Healthcare Realty Trust presently has an average rating of Hold and a consensus price target of $34.50.

Shares of Healthcare Realty Trust (NYSE:HR) traded up 0.43% during mid-day trading on Wednesday, hitting $33.01. 458,537 shares of the company’s stock traded hands. The company has a market cap of $3.85 billion, a PE ratio of 31.74 and a beta of 0.29. Healthcare Realty Trust has a 52 week low of $26.66 and a 52 week high of $36.25. The firm has a 50-day moving average of $32.87 and a 200 day moving average of $32.82.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The firm had revenue of $105.20 million for the quarter, compared to analysts’ expectations of $105.67 million. Healthcare Realty Trust had a net margin of 28.98% and a return on equity of 7.38%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 EPS. Equities research analysts predict that Healthcare Realty Trust will post $0.73 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Friday, August 11th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $1.20 annualized dividend and a yield of 3.64%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently 114.29%.

In related news, Director John Knox Singleton acquired 3,450 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was acquired at an average cost of $31.88 per share, for a total transaction of $109,986.00. Following the acquisition, the director now owns 17,693 shares of the company’s stock, valued at $564,052.84. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.85% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Healthcare Realty Trust by 6,758.3% in the first quarter. BlackRock Inc. now owns 14,975,042 shares of the real estate investment trust’s stock valued at $486,689,000 after buying an additional 14,756,694 shares during the period. Morgan Stanley raised its position in shares of Healthcare Realty Trust by 52.5% in the first quarter. Morgan Stanley now owns 5,297,551 shares of the real estate investment trust’s stock valued at $172,171,000 after buying an additional 1,822,804 shares during the period. Lazard Asset Management LLC bought a new position in shares of Healthcare Realty Trust during the first quarter valued at approximately $19,801,000. Russell Investments Group Ltd. raised its position in shares of Healthcare Realty Trust by 100.8% in the second quarter. Russell Investments Group Ltd. now owns 1,041,967 shares of the real estate investment trust’s stock valued at $35,559,000 after buying an additional 522,959 shares during the period. Finally, William Blair Investment Management LLC bought a new position in shares of Healthcare Realty Trust during the first quarter valued at approximately $15,959,000. Institutional investors and hedge funds own 96.22% of the company’s stock.

About Healthcare Realty Trust

Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust. The Company owns, leases, manages, acquires, finances, develops and redevelops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States.

Analyst Recommendations for Healthcare Realty Trust (NYSE:HR)

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