Healthcare Realty Trust (NYSE:HR) Issues FY 2024 Earnings Guidance

Healthcare Realty Trust (NYSE:HR) issued an update on its FY 2024 earnings guidance on Saturday morning. The company provided earnings per share (EPS) guidance of 1.530-1.580 for the period, compared to the consensus estimate of 1.550. The company issued revenue guidance of -.

Healthcare Realty Trust Stock Up 0.2 %

Shares of HR opened at $17.94 on Monday. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of -13.49 and a beta of 0.91. The business’s 50 day moving average is $17.81 and its two-hundred day moving average is $16.09. Healthcare Realty Trust has a 52-week low of $12.77 and a 52-week high of $18.90.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.77). The company had revenue of $316.30 million for the quarter, compared to the consensus estimate of $317.90 million. Healthcare Realty Trust had a negative net margin of 42.79% and a negative return on equity of 8.50%. The company’s revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 earnings per share. On average, equities analysts expect that Healthcare Realty Trust will post 1.56 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 12th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 6.91%. The ex-dividend date of this dividend was Monday, August 12th. Healthcare Realty Trust’s payout ratio is currently -93.23%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HR. Scotiabank boosted their price target on Healthcare Realty Trust from $17.00 to $18.00 and gave the company a sector perform rating in a report on Wednesday, August 7th. Wells Fargo & Company downgraded shares of Healthcare Realty Trust from an equal weight rating to an underweight rating and reduced their price target for the stock from $17.00 to $16.00 in a research report on Tuesday, July 30th. Finally, Wedbush boosted their price objective on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the company a neutral rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $17.00.

Insider Buying and Selling

In related news, Director Thomas N. Bohjalian acquired 9,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of $17.39 per share, for a total transaction of $156,510.00. Following the completion of the purchase, the director now directly owns 22,252 shares in the company, valued at $386,962.28. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director John Knox Singleton acquired 6,500 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was bought at an average price of $18.24 per share, for a total transaction of $118,560.00. Following the transaction, the director now owns 57,082 shares of the company’s stock, valued at $1,041,175.68. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Thomas N. Bohjalian bought 9,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of $17.39 per share, for a total transaction of $156,510.00. Following the completion of the acquisition, the director now directly owns 22,252 shares in the company, valued at $386,962.28. The disclosure for this purchase can be found here. Insiders have bought a total of 15,728 shares of company stock valued at $279,069 in the last quarter. Company insiders own 0.56% of the company’s stock.

Healthcare Realty Trust Company Profile

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.