Zacks: Brokerages Anticipate Healthcare Realty Trust Inc (NYSE:HR) Will Announce Earnings of $0.39 Per Share

Analysts forecast that Healthcare Realty Trust Inc (NYSE:HR) will announce earnings of $0.39 per share for the current quarter, Zacks reports. Six analysts have issued estimates for Healthcare Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.40. Healthcare Realty Trust also reported earnings per share of $0.39 during the same quarter last year. The business is scheduled to report its next quarterly earnings results after the market closes on Monday, November 4th.

According to Zacks, analysts expect that Healthcare Realty Trust will report full year earnings of $1.58 per share for the current fiscal year, with EPS estimates ranging from $1.55 to $1.60. For the next fiscal year, analysts forecast that the business will post earnings of $1.64 per share, with EPS estimates ranging from $1.62 to $1.67. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Healthcare Realty Trust.

Healthcare Realty Trust (NYSE:HR) last posted its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.37). Healthcare Realty Trust had a net margin of 7.08% and a return on equity of 1.83%. The company had revenue of $116.32 million during the quarter, compared to analyst estimates of $114.50 million. During the same quarter last year, the business posted $0.40 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis.

Several analysts recently weighed in on the stock. Berenberg Bank assumed coverage on shares of Healthcare Realty Trust in a report on Thursday, September 12th. They issued a “buy” rating for the company. Morgan Stanley lifted their target price on shares of Healthcare Realty Trust from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, September 17th. ValuEngine downgraded shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Capital One Financial reiterated an “equal weight” rating on shares of Healthcare Realty Trust in a report on Thursday, August 1st. Finally, Zacks Investment Research downgraded shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $34.20.

A number of hedge funds have recently modified their holdings of HR. Marshall Wace North America L.P. purchased a new stake in shares of Healthcare Realty Trust during the 1st quarter worth $39,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Healthcare Realty Trust during the 2nd quarter worth $46,000. Kavar Capital Partners LLC purchased a new stake in Healthcare Realty Trust in the second quarter valued at $56,000. Point72 Hong Kong Ltd purchased a new stake in Healthcare Realty Trust in the second quarter valued at $176,000. Finally, Carroll Financial Associates Inc. purchased a new stake in Healthcare Realty Trust in the second quarter valued at $176,000. 96.53% of the stock is owned by institutional investors.

Healthcare Realty Trust stock traded down $0.09 during trading on Friday, hitting $34.31. The company had a trading volume of 843,809 shares, compared to its average volume of 688,748. Healthcare Realty Trust has a 1-year low of $27.04 and a 1-year high of $34.47. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.82. The company’s 50 day simple moving average is $33.52 and its 200-day simple moving average is $32.43. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 9.80 and a beta of 0.31.

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, 2018, the Company owned 199 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $4.9 billion.

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

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