Wedbush Predicts Lower Earnings for Healthcare Realty Trust

Healthcare Realty Trust Incorporated (NYSE:HR) – Equities research analysts at Wedbush lowered their Q4 2024 EPS estimates for Healthcare Realty Trust in a research report issued to clients and investors on Thursday, October 31st. Wedbush analyst R. Anderson now expects that the real estate investment trust will earn $0.39 per share for the quarter, down from their previous estimate of $0.41. Wedbush currently has a “Neutral” rating and a $18.00 target price on the stock. The consensus estimate for Healthcare Realty Trust’s current full-year earnings is $1.56 per share. Wedbush also issued estimates for Healthcare Realty Trust’s FY2025 earnings at $1.60 EPS.

Several other research analysts have also recently issued reports on HR. Scotiabank increased their price target on shares of Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 7th. Wells Fargo & Company reissued an “underweight” rating and set a $17.00 price target (up from $16.00) on shares of Healthcare Realty Trust in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.17.

Healthcare Realty Trust Stock Down 1.5 %

NYSE HR opened at $16.92 on Monday. The stock has a market capitalization of $6.14 billion, a P/E ratio of -10.71 and a beta of 0.91. Healthcare Realty Trust has a 52-week low of $12.77 and a 52-week high of $18.90. The firm has a 50-day moving average price of $17.88 and a 200 day moving average price of $16.93.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.77). The firm had revenue of $316.30 million for the quarter, compared to analysts’ expectations of $317.90 million. Healthcare Realty Trust had a negative return on equity of 9.42% and a negative net margin of 45.63%. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 earnings per share.

Healthcare Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be issued a $0.31 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.24 dividend on an annualized basis and a yield of 7.33%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -78.48%.

Insider Buying and Selling at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian purchased 9,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 22,252 shares of the company’s stock, valued at $386,962.28. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other Healthcare Realty Trust news, Director Thomas N. Bohjalian purchased 9,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 22,252 shares of the company’s stock, valued at $386,962.28. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John Knox Singleton purchased 6,500 shares of the stock in a transaction dated Thursday, September 5th. The stock was acquired at an average price of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the transaction, the director now directly owns 57,082 shares of the company’s stock, valued at approximately $1,041,175.68. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 15,728 shares of company stock valued at $279,069. Corporate insiders own 0.56% of the company’s stock.

Institutional Trading of Healthcare Realty Trust

Hedge funds have recently bought and sold shares of the company. Centersquare Investment Management LLC acquired a new position in shares of Healthcare Realty Trust during the 1st quarter valued at $1,246,000. SG Americas Securities LLC grew its stake in shares of Healthcare Realty Trust by 394.9% in the first quarter. SG Americas Securities LLC now owns 388,015 shares of the real estate investment trust’s stock valued at $5,490,000 after buying an additional 309,609 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Healthcare Realty Trust by 1.4% in the first quarter. Vanguard Group Inc. now owns 54,246,277 shares of the real estate investment trust’s stock valued at $767,585,000 after buying an additional 723,197 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Healthcare Realty Trust in the first quarter valued at about $719,000. Finally, Tidal Investments LLC acquired a new stake in shares of Healthcare Realty Trust in the first quarter valued at about $1,360,000.

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.