Healthcare Realty Trust Incorporated to Post FY2018 Earnings of $1.60 Per Share, Cantor Fitzgerald Forecasts (HR)

Healthcare Realty Trust Incorporated (NYSE:HR) – Investment analysts at Cantor Fitzgerald dropped their FY2018 earnings per share (EPS) estimates for Healthcare Realty Trust in a research note issued to investors on Tuesday. Cantor Fitzgerald analyst J. France now forecasts that the real estate investment trust will post earnings per share of $1.60 for the year, down from their prior estimate of $1.65. Cantor Fitzgerald currently has a “Overweight” rating and a $34.00 price objective on the stock.

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Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The business had revenue of $107.70 million for the quarter, compared to analyst estimates of $109.91 million. Healthcare Realty Trust had a return on equity of 1.33% and a net margin of 5.44%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share.

A number of other brokerages also recently issued reports on HR. Stifel Nicolaus reduced their price target on Healthcare Realty Trust from $34.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. BMO Capital Markets reaffirmed a “hold” rating and set a $32.00 price target on shares of Healthcare Realty Trust in a research report on Friday, February 16th. Morgan Stanley reaffirmed an “overweight” rating and set a $34.00 price target on shares of Healthcare Realty Trust in a research report on Thursday, December 14th. Mizuho reaffirmed a “hold” rating and set a $29.00 price target on shares of Healthcare Realty Trust in a research report on Friday, February 23rd. Finally, SunTrust Banks set a $32.00 price target on Healthcare Realty Trust and gave the stock a “hold” rating in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $30.75.

Healthcare Realty Trust stock opened at $26.58 on Thursday. The stock has a market capitalization of $3,361.38, a price-to-earnings ratio of 126.57, a PEG ratio of 4.15 and a beta of 0.30. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.72. Healthcare Realty Trust has a 12-month low of $26.27 and a 12-month high of $36.25.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date was Thursday, February 22nd. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently 571.43%.

Institutional investors and hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System grew its holdings in shares of Healthcare Realty Trust by 8.1% during the third quarter. California Public Employees Retirement System now owns 208,561 shares of the real estate investment trust’s stock valued at $6,745,000 after buying an additional 15,586 shares during the last quarter. Swiss National Bank grew its holdings in shares of Healthcare Realty Trust by 2.2% during the fourth quarter. Swiss National Bank now owns 210,900 shares of the real estate investment trust’s stock valued at $6,774,000 after buying an additional 4,600 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Healthcare Realty Trust by 21.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,866 shares of the real estate investment trust’s stock valued at $317,000 after buying an additional 1,722 shares during the last quarter. US Bancorp DE grew its holdings in shares of Healthcare Realty Trust by 6.7% during the fourth quarter. US Bancorp DE now owns 36,979 shares of the real estate investment trust’s stock valued at $1,188,000 after buying an additional 2,330 shares during the last quarter. Finally, American International Group Inc. grew its holdings in shares of Healthcare Realty Trust by 1.2% during the fourth quarter. American International Group Inc. now owns 338,480 shares of the real estate investment trust’s stock valued at $10,872,000 after buying an additional 4,012 shares during the last quarter. 98.18% of the stock is currently owned by hedge funds and other institutional investors.

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About Healthcare Realty Trust

Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of December 31, 2017, the Company owned 201 real estate properties in 27 states totaling 14.6 million square feet and was valued at approximately $5.3 billion.

Earnings History and Estimates for Healthcare Realty Trust (NYSE:HR)

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