Brokerages Anticipate Healthcare Realty Trust Incorporated (NYSE:HR) Will Announce Quarterly Sales of $143.06 Million

Wall Street analysts forecast that Healthcare Realty Trust Incorporated (NYSE:HRGet Rating) will announce $143.06 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Healthcare Realty Trust’s earnings, with the lowest sales estimate coming in at $135.72 million and the highest estimate coming in at $148.10 million. Healthcare Realty Trust reported sales of $131.42 million during the same quarter last year, which would suggest a positive year over year growth rate of 8.9%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Healthcare Realty Trust will report full-year sales of $543.23 million for the current financial year. For the next fiscal year, analysts anticipate that the company will post sales of $558.34 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Healthcare Realty Trust.

Healthcare Realty Trust (NYSE:HRGet Rating) last released its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.17). Healthcare Realty Trust had a return on equity of 3.94% and a net margin of 15.50%. The firm had revenue of $142.90 million during the quarter, compared to analysts’ expectations of $144.30 million. During the same period in the prior year, the firm posted $0.42 earnings per share. Healthcare Realty Trust’s revenue for the quarter was up 9.7% compared to the same quarter last year.

HR has been the topic of a number of research analyst reports. Barclays initiated coverage on shares of Healthcare Realty Trust in a report on Tuesday, April 26th. They set an “overweight” rating and a $33.00 price objective on the stock. StockNews.com initiated coverage on shares of Healthcare Realty Trust in a report on Thursday, March 31st. They set a “sell” rating on the stock. Berenberg Bank lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and dropped their price objective for the company from $35.00 to $32.00 in a report on Tuesday, May 10th. Zacks Investment Research lowered shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Friday. Finally, Credit Suisse Group started coverage on shares of Healthcare Realty Trust in a report on Tuesday, February 1st. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $33.40.

Several institutional investors have recently modified their holdings of HR. Marshall Wace North America L.P. acquired a new position in shares of Healthcare Realty Trust in the first quarter worth about $39,000. Morgan Stanley raised its position in shares of Healthcare Realty Trust by 91.8% during the 2nd quarter. Morgan Stanley now owns 510,498 shares of the real estate investment trust’s stock worth $15,416,000 after purchasing an additional 244,343 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Healthcare Realty Trust by 26.6% during the 3rd quarter. Teacher Retirement System of Texas now owns 22,523 shares of the real estate investment trust’s stock worth $671,000 after purchasing an additional 4,734 shares during the last quarter. Citigroup Inc. raised its position in shares of Healthcare Realty Trust by 5.5% during the 3rd quarter. Citigroup Inc. now owns 298,345 shares of the real estate investment trust’s stock worth $8,885,000 after purchasing an additional 15,605 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Healthcare Realty Trust by 1.9% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,079 shares of the real estate investment trust’s stock worth $1,432,000 after purchasing an additional 887 shares during the last quarter. Institutional investors and hedge funds own 96.65% of the company’s stock.

NYSE HR opened at $28.48 on Tuesday. The firm’s fifty day simple moving average is $28.07 and its two-hundred day simple moving average is $29.89. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.89. Healthcare Realty Trust has a 12-month low of $25.60 and a 12-month high of $33.77. The firm has a market capitalization of $4.32 billion, a P/E ratio of 50.86 and a beta of 0.61.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Monday, May 16th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, May 13th. This represents a $1.24 dividend on an annualized basis and a yield of 4.35%. Healthcare Realty Trust’s dividend payout ratio is presently 221.43%.

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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