Healthcare Realty Trust Incorporated (NYSE:HR) – KeyCorp increased their Q4 2017 EPS estimates for Healthcare Realty Trust in a research note issued to investors on Tuesday. KeyCorp analyst J. Sadler now expects that the real estate investment trust will post earnings of $0.42 per share for the quarter, up from their previous forecast of $0.41.
HR has been the subject of a number of other research reports. Stifel Nicolaus reissued a “buy” rating on shares of Healthcare Realty Trust in a research note on Friday, August 4th. Zacks Investment Research cut shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. BidaskClub cut shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Jefferies Group LLC reaffirmed a “hold” rating and set a $36.00 price objective on shares of Healthcare Realty Trust in a research note on Monday, July 17th. Finally, Cantor Fitzgerald upped their price objective on shares of Healthcare Realty Trust from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, June 12th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $35.00.
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Healthcare Realty Trust (NYSE:HR) traded up 0.63% during trading on Thursday, hitting $31.98. The stock had a trading volume of 320,810 shares. The firm has a 50 day moving average of $33.65 and a 200-day moving average of $32.65. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 30.75 and a beta of 0.29. Healthcare Realty Trust has a 12 month low of $26.66 and a 12 month high of $36.38.
Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.01. The firm had revenue of $105.20 million for the quarter, compared to the consensus estimate of $105.67 million. Healthcare Realty Trust had a net margin of 28.98% and a return on equity of 7.38%. Healthcare Realty Trust’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 earnings per share.
A number of hedge funds have recently made changes to their positions in the stock. Fiduciary Trust Co. purchased a new stake in Healthcare Realty Trust during the second quarter valued at $113,000. Pacad Investment Ltd. boosted its stake in Healthcare Realty Trust by 41.2% in the second quarter. Pacad Investment Ltd. now owns 4,800 shares of the real estate investment trust’s stock valued at $164,000 after buying an additional 1,400 shares during the period. Huntington National Bank boosted its stake in Healthcare Realty Trust by 36.7% in the second quarter. Huntington National Bank now owns 5,193 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 1,393 shares during the period. Bennicas & Associates Inc. purchased a new stake in Healthcare Realty Trust during the first quarter valued at $202,000. Finally, Neuberger Berman Group LLC purchased a new stake in Healthcare Realty Trust during the first quarter valued at $202,000. 96.04% of the stock is owned by institutional investors.
In related news, insider John M. Bryant, Jr. sold 7,000 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $33.51, for a total transaction of $234,570.00. Following the completion of the sale, the insider now owns 142,256 shares of the company’s stock, valued at approximately $4,766,998.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robert E. Hull sold 1,744 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $32.45, for a total transaction of $56,592.80. Following the sale, the executive vice president now directly owns 58,174 shares of the company’s stock, valued at approximately $1,887,746.30. The disclosure for this sale can be found here. 1.85% of the stock is currently owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Friday, August 11th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.20 annualized dividend and a yield of 3.78%. Healthcare Realty Trust’s dividend payout ratio is presently 114.29%.
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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