Healthcare Realty Trust (HR) to Release Quarterly Earnings on Tuesday

Healthcare Realty Trust (NYSE:HR) is scheduled to release its earnings data before the market opens on Tuesday, May 7th. Analysts expect Healthcare Realty Trust to post earnings of $0.38 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.51). Healthcare Realty Trust had a negative net margin of 20.71% and a negative return on equity of 3.87%. The business had revenue of $330.40 million during the quarter, compared to analyst estimates of $334.32 million. During the same period in the prior year, the business posted $0.42 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, analysts expect Healthcare Realty Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Healthcare Realty Trust Stock Performance

NYSE HR opened at $14.88 on Friday. The stock has a 50-day simple moving average of $13.83 and a 200 day simple moving average of $15.05. Healthcare Realty Trust has a twelve month low of $12.77 and a twelve month high of $20.30. The stock has a market capitalization of $5.67 billion, a PE ratio of -20.11 and a beta of 0.78.

Healthcare Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Monday, May 13th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.33%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -167.57%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Healthcare Realty Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $18.00 target price on the stock. Stifel Nicolaus lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their price objective for the company from $19.00 to $15.00 in a research report on Tuesday, February 20th. Wells Fargo & Company reduced their target price on shares of Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 10th. Wedbush lowered Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $19.00 to $15.00 in a research note on Tuesday, February 20th. Finally, JPMorgan Chase & Co. reduced their price objective on Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.20.

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.