Jefferies Group Weighs in on Healthcare Realty Trust Inc’s Q4 2017 Earnings (HR)
Healthcare Realty Trust Inc (NYSE:HR) – Research analysts at Jefferies Group increased their Q4 2017 EPS estimates for Healthcare Realty Trust in a note issued to investors on Thursday. Jefferies Group analyst O. Okusanya now anticipates that the real estate investment trust will earn $0.41 per share for the quarter, up from their prior forecast of $0.32.
Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). Healthcare Realty Trust had a net margin of 26.70% and a return on equity of 6.62%. The company had revenue of $106.95 million during the quarter, compared to the consensus estimate of $108.97 million. During the same quarter last year, the firm earned $0.39 EPS. The business’s revenue was up 3.2% on a year-over-year basis.
Other research analysts have also recently issued reports about the company. BMO Capital Markets reaffirmed a “buy” rating and set a $34.00 price objective on shares of Healthcare Realty Trust in a research report on Monday, October 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $34.00 price objective on shares of Healthcare Realty Trust in a research note on Friday, November 3rd. TheStreet cut shares of Healthcare Realty Trust from a “b” rating to a “c+” rating in a research note on Thursday, November 9th. KeyCorp reiterated an “equal weight” rating on shares of Healthcare Realty Trust in a research note on Friday. Finally, Zacks Investment Research upgraded shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $33.29.
Healthcare Realty Trust (NYSE HR) opened at $31.69 on Monday. Healthcare Realty Trust has a 12 month low of $29.04 and a 12 month high of $36.25. The stock has a market capitalization of $3,960.00, a PE ratio of 32.34, a PEG ratio of 5.08 and a beta of 0.32. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.63.
Several hedge funds and other institutional investors have recently made changes to their positions in HR. Bank of Montreal Can grew its holdings in shares of Healthcare Realty Trust by 1.3% during the 2nd quarter. Bank of Montreal Can now owns 6,466 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 84 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Healthcare Realty Trust by 7.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,375,729 shares of the real estate investment trust’s stock worth $46,982,000 after purchasing an additional 99,174 shares during the period. SG Americas Securities LLC boosted its position in Healthcare Realty Trust by 49.8% during the second quarter. SG Americas Securities LLC now owns 51,660 shares of the real estate investment trust’s stock worth $1,764,000 after purchasing an additional 17,167 shares during the period. Legal & General Group Plc boosted its position in Healthcare Realty Trust by 10.7% during the second quarter. Legal & General Group Plc now owns 377,447 shares of the real estate investment trust’s stock worth $12,891,000 after purchasing an additional 36,637 shares during the period. Finally, Comerica Bank boosted its position in Healthcare Realty Trust by 0.7% during the second quarter. Comerica Bank now owns 89,912 shares of the real estate investment trust’s stock worth $2,984,000 after purchasing an additional 647 shares during the period. 94.67% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP John M. Bryant, Jr. sold 6,638 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $32.38, for a total transaction of $214,938.44. Following the completion of the transaction, the executive vice president now directly owns 176,812 shares of the company’s stock, valued at approximately $5,725,172.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Knox Singleton acquired 3,074 shares of the stock in a transaction dated Friday, November 10th. The shares were acquired at an average cost of $32.55 per share, with a total value of $100,058.70. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 16,847 shares of company stock valued at $551,491. Company insiders own 1.85% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.79%. The ex-dividend date was Wednesday, November 15th. Healthcare Realty Trust’s payout ratio is 122.45%.
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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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