Healthcare Realty Trust Incorporated (HR) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS
Healthcare Realty Trust Incorporated (NYSE:HR) released its quarterly earnings data on Wednesday. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01), Bloomberg Earnings reports. Healthcare Realty Trust had a return on equity of 7.38% and a net margin of 28.98%. The business had revenue of $106.95 million during the quarter, compared to analyst estimates of $108.97 million. During the same period in the previous year, the company earned $0.39 EPS. Healthcare Realty Trust’s revenue was up 3.2% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Wednesday, November 15th. Healthcare Realty Trust’s payout ratio is 114.29%.
In other news, Director John Knox Singleton acquired 3,450 shares of Healthcare Realty Trust stock in a transaction dated 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 completion of the purchase, the director now owns 17,693 shares of the company’s stock, valued at $564,052.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.85% of the stock is currently owned by insiders.
Several research firms have recently issued reports on HR. KeyCorp reissued a “sell” rating and issued a $25.00 price objective on shares of Healthcare Realty Trust in a research report on Tuesday, September 26th. BidaskClub lowered shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Mizuho reissued a “hold” rating and issued a $35.00 price objective on shares of Healthcare Realty Trust in a research report on Friday, October 27th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $34.00 price objective (down previously from $36.00) on shares of Healthcare Realty Trust in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $33.29.
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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.
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