$0.45 Earnings Per Share Expected for Healthcare Realty Trust Incorporated (NYSE:HR) This Quarter

Equities research analysts predict that Healthcare Realty Trust Incorporated (NYSE:HRGet Rating) will report earnings per share (EPS) of $0.45 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Healthcare Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.45. Healthcare Realty Trust posted earnings per share of $0.42 during the same quarter last year, which suggests a positive year-over-year growth rate of 7.1%. The business is scheduled to announce its next earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Healthcare Realty Trust will report full year earnings of $1.78 per share for the current fiscal year, with EPS estimates ranging from $1.74 to $1.80. For the next year, analysts expect that the business will report earnings of $1.82 per share, with EPS estimates ranging from $1.76 to $1.85. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Healthcare Realty Trust.

Healthcare Realty Trust (NYSE:HRGet Rating) last released its quarterly earnings data on Monday, February 21st. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.05. The firm had revenue of $136.42 million for the quarter, compared to the consensus estimate of $137.64 million. Healthcare Realty Trust had a net margin of 12.46% and a return on equity of 3.18%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm earned $0.42 earnings per share.

A number of analysts have issued reports on HR shares. BMO Capital Markets downgraded Healthcare Realty Trust from an “outperform” rating to a “market perform” rating and set a $34.00 target price for the company. in a research note on Friday, January 7th. Zacks Investment Research upgraded shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 19th. Credit Suisse Group initiated coverage on shares of Healthcare Realty Trust in a research note on Tuesday, February 1st. They set an “outperform” rating on the stock. Barclays initiated coverage on Healthcare Realty Trust in a research report on Tuesday, April 26th. They set an “overweight” rating and a $33.00 price target on the stock. Finally, StockNews.com began coverage on Healthcare Realty Trust in a report on Thursday, March 31st. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $33.75.

A number of large investors have recently added to or reduced their stakes in HR. BlackRock Inc. raised its position in shares of Healthcare Realty Trust by 4.9% during the 4th quarter. BlackRock Inc. now owns 21,845,046 shares of the real estate investment trust’s stock worth $691,177,000 after purchasing an additional 1,029,853 shares during the period. Principal Financial Group Inc. raised its holdings in Healthcare Realty Trust by 16.0% during the fourth quarter. Principal Financial Group Inc. now owns 11,715,612 shares of the real estate investment trust’s stock worth $370,535,000 after purchasing an additional 1,614,865 shares in the last quarter. State Street Corp lifted its holdings in shares of Healthcare Realty Trust by 7.6% in the fourth quarter. State Street Corp now owns 7,914,239 shares of the real estate investment trust’s stock valued at $250,407,000 after buying an additional 558,682 shares during the period. Goldman Sachs Group Inc. boosted its stake in Healthcare Realty Trust by 14.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,810,961 shares of the real estate investment trust’s stock valued at $120,578,000 after buying an additional 493,380 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in Healthcare Realty Trust by 2.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 3,488,458 shares of the real estate investment trust’s stock worth $110,375,000 after buying an additional 67,100 shares in the last quarter. 96.65% of the stock is currently owned by institutional investors.

Healthcare Realty Trust stock opened at $27.08 on Monday. The stock has a market capitalization of $4.09 billion, a PE ratio of 60.18 and a beta of 0.64. The business has a 50 day simple moving average of $27.70 and a 200-day simple moving average of $30.28. Healthcare Realty Trust has a 12 month low of $25.60 and a 12 month high of $33.77. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.15 and a quick ratio of 0.15.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Monday, February 28th were paid a $0.31 dividend. The ex-dividend date was Friday, February 25th. This is an increase from Healthcare Realty Trust’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 4.58%. Healthcare Realty Trust’s dividend payout ratio is 275.56%.

About Healthcare Realty Trust (Get Rating)

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 September 30, 2020, the Company owned 211 real estate properties in 24 states totaling 15.5 million square feet and was valued at approximately $5.5 billion.

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

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