Wall Street analysts forecast that Healthcare Realty Trust Incorporated (NYSE:HR) will announce sales of $106.14 million for the current quarter, Zacks reports. Four analysts have issued estimates for Healthcare Realty Trust’s earnings. The lowest sales estimate is $102.99 million and the highest is $108.31 million. Healthcare Realty Trust reported sales of $103.66 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2.4%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, November 1st.
According to Zacks, analysts expect that Healthcare Realty Trust will report full-year sales of $106.14 million for the current fiscal year, with estimates ranging from $415.26 million to $438.32 million. For the next fiscal year, analysts forecast that the firm will post sales of $462.35 million per share, with estimates ranging from $436.79 million to $508.92 million. Zacks’ sales averages are an average based on a survey of research firms that cover Healthcare Realty Trust.
Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). Healthcare Realty Trust had a return on equity of 7.38% and a net margin of 28.98%. The business had revenue of $105.20 million for the quarter, compared to the consensus estimate of $105.67 million. During the same period last year, the firm earned $0.42 earnings per share. The company’s quarterly revenue was up 2.5% compared to the same quarter last year.
A number of research firms have weighed in on HR. Zacks Investment Research lowered shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, September 13th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Healthcare Realty Trust in a research note on Friday, August 4th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $34.00 price objective (down from $36.00) on shares of Healthcare Realty Trust in a research note on Thursday, August 10th. BidaskClub raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating on shares of Healthcare Realty Trust in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $33.00.
In other news, Director John Knox Singleton purchased 3,450 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average cost of $31.88 per share, with a total value of $109,986.00. Following the completion of the transaction, the director now directly owns 17,693 shares of the company’s stock, valued at $564,052.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.85% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fiduciary Trust Co. bought a new position in shares of Healthcare Realty Trust during the second quarter valued at about $113,000. Pacad Investment Ltd. lifted its position in shares of Healthcare Realty Trust by 41.2% during the second quarter. Pacad Investment Ltd. now owns 4,800 shares of the real estate investment trust’s stock valued at $164,000 after purchasing an additional 1,400 shares in the last quarter. Huntington National Bank lifted its position in shares of Healthcare Realty Trust by 36.7% during the second quarter. Huntington National Bank now owns 5,193 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 1,393 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Healthcare Realty Trust by 1.2% during the second quarter. PNC Financial Services Group Inc. now owns 6,219 shares of the real estate investment trust’s stock valued at $212,000 after purchasing an additional 72 shares in the last quarter. Finally, Neuberger Berman Group LLC bought a new position in shares of Healthcare Realty Trust during the first quarter valued at about $202,000. 91.84% of the stock is currently owned by institutional investors.
Shares of Healthcare Realty Trust (NYSE:HR) opened at 32.51 on Wednesday. The company has a market capitalization of $3.79 billion, a PE ratio of 31.26 and a beta of 0.31. The firm’s 50-day moving average is $32.93 and its 200 day moving average is $33.26. Healthcare Realty Trust has a 12 month low of $26.66 and a 12 month high of $36.25.
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About Healthcare Realty Trust
Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust. The Company owns, leases, manages, acquires, finances, develops and redevelops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States.
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