Healthcare Realty Trust Inc (NYSE:HR) – Equities research analysts at SunTrust Banks reduced their Q1 2018 earnings per share (EPS) estimates for Healthcare Realty Trust in a report issued on Thursday. SunTrust Banks analyst E. Fleming now forecasts that the real estate investment trust will earn $0.39 per share for the quarter, down from their previous forecast of $0.41. SunTrust Banks has a “Hold” rating and a $30.00 price objective on the stock. SunTrust Banks also issued estimates for Healthcare Realty Trust’s Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.42 EPS, FY2018 earnings at $1.60 EPS and FY2019 earnings at $1.71 EPS.
Other equities research analysts also recently issued reports about the company. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $38.00 price target on shares of Healthcare Realty Trust in a research report on Wednesday, February 14th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $34.00 price target on shares of Healthcare Realty Trust in a research report on Friday, November 3rd. BMO Capital Markets reaffirmed a “buy” rating and issued a $34.00 price target on shares of Healthcare Realty Trust in a research report on Thursday, November 2nd. TheStreet downgraded Healthcare Realty Trust from a “b” rating to a “c+” rating in a research report on Thursday, November 9th. Finally, KeyCorp reaffirmed an “equal weight” rating on shares of Healthcare Realty Trust in a research report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $32.13.
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 the Thomson Reuters’ consensus estimate of $0.39 by ($0.01). The business had revenue of $107.70 million during the quarter, compared to analyst estimates of $109.91 million. Healthcare Realty Trust had a net margin of 5.44% and a return on equity of 1.33%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Friday, February 23rd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend is Thursday, February 22nd. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently 545.45%.
In other Healthcare Realty Trust news, EVP Robert E. Hull sold 1,495 shares of Healthcare Realty Trust stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $33.87, for a total transaction of $50,635.65. Following the sale, the executive vice president now directly owns 94,796 shares of the company’s stock, valued at $3,210,740.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Todd J. Meredith sold 4,720 shares of Healthcare Realty Trust stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $32.77, for a total value of $154,674.40. Following the sale, the insider now directly owns 414,981 shares in the company, valued at $13,598,927.37. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,847 shares of company stock worth $551,491. 1.85% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HR. PNC Financial Services Group Inc. boosted 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 in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Healthcare Realty Trust by 2.2% during the second quarter. Parametric Portfolio Associates LLC now owns 102,839 shares of the real estate investment trust’s stock valued at $3,512,000 after purchasing an additional 2,165 shares in the last quarter. Stifel Financial Corp boosted its holdings in Healthcare Realty Trust by 22.5% during the second quarter. Stifel Financial Corp now owns 11,823 shares of the real estate investment trust’s stock valued at $404,000 after purchasing an additional 2,175 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in Healthcare Realty Trust during the second quarter valued at approximately $12,297,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Healthcare Realty Trust during the second quarter valued at approximately $525,000. 95.59% 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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