Research Analysts Issue Forecasts for Healthcare Realty Trust Inc’s FY2018 Earnings (HR)
Healthcare Realty Trust Inc (NYSE:HR) – Jefferies Group dropped their FY2018 earnings per share (EPS) estimates for Healthcare Realty Trust in a research report issued to clients and investors on Tuesday. Jefferies Group analyst O. Okusanya now expects that the real estate investment trust will post earnings per share of $1.63 for the year, down from their previous forecast of $1.64. Jefferies Group also issued estimates for Healthcare Realty Trust’s FY2019 earnings at $1.70 EPS.
Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.01). The business had revenue of $106.95 million for the quarter, compared to the consensus estimate of $108.97 million. Healthcare Realty Trust had a net margin of 26.70% and a return on equity of 6.62%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 EPS.
HR has been the subject of several other research reports. Zacks Investment Research upgraded shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Mizuho reiterated a “hold” rating and issued a $35.00 target price on shares of Healthcare Realty Trust in a research note on Friday, October 27th. BMO Capital Markets lowered shares of Healthcare Realty Trust from an “outperform” rating to a “market perform” rating and set a $33.00 target price for the company. in a research note on Tuesday, January 9th. KeyCorp set a $25.00 target price on shares of Healthcare Realty Trust and gave the stock a “sell” rating in a research note on Sunday, October 29th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $34.00 target price on shares of Healthcare Realty Trust in a research note on Thursday, December 14th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Healthcare Realty Trust has an average rating of “Hold” and a consensus target price of $33.14.
Healthcare Realty Trust (NYSE:HR) traded up $0.01 during midday trading on Wednesday, hitting $29.81. 744,500 shares of the stock traded hands, compared to its average volume of 688,910. Healthcare Realty Trust has a 12-month low of $29.67 and a 12-month high of $36.25. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.82 and a current ratio of 2.82. The company has a market cap of $3,730.00, a price-to-earnings ratio of 30.42, a price-to-earnings-growth ratio of 4.49 and a beta of 0.32.
In related news, Director John Knox Singleton purchased 3,074 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were bought at an average cost of $32.55 per share, with a total value of $100,058.70. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John M. Bryant, Jr. sold 6,638 shares of the business’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 in the company, valued at $5,725,172.56. The disclosure for this sale can be found here. Insiders sold a total of 16,847 shares of company stock worth $551,491 over the last three months. 1.85% of the stock is owned by insiders.
Several large investors have recently modified their holdings of HR. Quantbot Technologies LP purchased a new stake in Healthcare Realty Trust during the third quarter valued at about $130,000. PNC Financial Services Group Inc. lifted its holdings in Healthcare Realty Trust by 1.2% during the second quarter. PNC Financial Services Group Inc. now owns 6,219 shares of the real estate investment trust’s stock valued at $212,000 after purchasing an additional 72 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in Healthcare Realty Trust by 0.7% during the second quarter. Neuberger Berman Group LLC now owns 6,267 shares of the real estate investment trust’s stock valued at $214,000 after purchasing an additional 46 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in Healthcare Realty Trust by 92.6% during the second quarter. Riverhead Capital Management LLC now owns 6,355 shares of the real estate investment trust’s stock valued at $217,000 after purchasing an additional 3,055 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Healthcare Realty Trust during the third quarter valued at about $218,000. 94.83% of the stock is currently owned by institutional investors.
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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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