Zacks: Brokerages Expect Healthcare Realty Trust Inc (NYSE:HR) Will Announce Earnings of $0.40 Per Share

Wall Street brokerages expect that Healthcare Realty Trust Inc (NYSE:HR) will announce earnings of $0.40 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Healthcare Realty Trust’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.39. Healthcare Realty Trust also reported earnings of $0.40 per share in the same quarter last year. The company is scheduled to report its next earnings results on Tuesday, August 4th.

On average, analysts expect that Healthcare Realty Trust will report full-year earnings of $1.65 per share for the current financial year, with EPS estimates ranging from $1.62 to $1.70. For the next year, analysts expect that the business will post earnings of $1.72 per share, with EPS estimates ranging from $1.67 to $1.82. Zacks’ EPS calculations are an average based on a survey of analysts that follow Healthcare Realty Trust.

Healthcare Realty Trust (NYSE:HR) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.38). Healthcare Realty Trust had a return on equity of 2.11% and a net margin of 8.00%. The business had revenue of $122.60 million during the quarter, compared to the consensus estimate of $122.80 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year.

A number of brokerages have commented on HR. Wells Fargo & Co reissued a “hold” rating on shares of Healthcare Realty Trust in a research note on Tuesday, April 28th. Raymond James reduced their price objective on Healthcare Realty Trust from $38.00 to $34.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Morgan Stanley reduced their price objective on Healthcare Realty Trust from $33.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, March 26th. Zacks Investment Research cut Healthcare Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. reduced their price objective on Healthcare Realty Trust from $35.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, April 3rd. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Healthcare Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $31.89.

Healthcare Realty Trust stock traded up $0.25 during mid-day trading on Friday, reaching $29.45. The stock had a trading volume of 577,601 shares, compared to its average volume of 1,472,911. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.60 and a current ratio of 1.60. Healthcare Realty Trust has a fifty-two week low of $24.10 and a fifty-two week high of $37.97. The stock’s 50-day simple moving average is $30.58 and its 200-day simple moving average is $32.14. The firm has a market capitalization of $3.93 billion, a PE ratio of 104.11 and a beta of 0.57.

Hedge funds have recently bought and sold shares of the business. Alliancebernstein L.P. boosted its position in Healthcare Realty Trust by 28.1% in the first quarter. Alliancebernstein L.P. now owns 498,903 shares of the real estate investment trust’s stock worth $13,934,000 after purchasing an additional 109,540 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Healthcare Realty Trust by 38.6% in the first quarter. BNP Paribas Arbitrage SA now owns 56,934 shares of the real estate investment trust’s stock worth $1,590,000 after purchasing an additional 15,844 shares during the last quarter. Van ECK Associates Corp boosted its position in Healthcare Realty Trust by 108.8% in the first quarter. Van ECK Associates Corp now owns 1,620 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 844 shares during the last quarter. US Bancorp DE boosted its position in Healthcare Realty Trust by 4.6% in the first quarter. US Bancorp DE now owns 30,765 shares of the real estate investment trust’s stock worth $859,000 after purchasing an additional 1,343 shares during the last quarter. Finally, Martingale Asset Management L P bought a new stake in shares of Healthcare Realty Trust in the first quarter valued at $445,000. 95.96% of the stock is currently owned by institutional investors and hedge funds.

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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