Zacks: Analysts Anticipate Healthcare Realty Trust Incorporated (HR) Will Post Quarterly Sales of $1

Brokerages predict that Healthcare Realty Trust Incorporated (NYSE:HR) will report sales of $110.90 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Healthcare Realty Trust’s earnings. The highest sales estimate is $111.56 million and the lowest is $109.68 million. Healthcare Realty Trust posted sales of $105.25 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.4%. The company is scheduled to report its next earnings results on Wednesday, August 1st.

On average, analysts expect that Healthcare Realty Trust will report full-year sales of $449.04 million for the current fiscal year, with estimates ranging from $440.55 million to $453.40 million. For the next financial year, analysts anticipate that the business will report sales of $473.54 million per share, with estimates ranging from $455.33 million to $484.74 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Healthcare Realty Trust.

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Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Thursday, May 3rd. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.33). The company had revenue of $112.10 million during the quarter, compared to the consensus estimate of $111.07 million. Healthcare Realty Trust had a net margin of 5.44% and a return on equity of 1.33%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 earnings per share.

Several equities research analysts have commented on HR shares. BMO Capital Markets reissued a “hold” rating and set a $31.00 price target on shares of Healthcare Realty Trust in a research report on Tuesday, March 27th. Zacks Investment Research cut shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Morgan Stanley cut their price target on shares of Healthcare Realty Trust from $35.00 to $32.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 20th. SunTrust Banks set a $30.00 price target on shares of Healthcare Realty Trust and gave the stock a “hold” rating in a research report on Thursday, February 15th. Finally, Mizuho reissued a “hold” rating and set a $29.00 price target on shares of Healthcare Realty Trust in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Healthcare Realty Trust currently has an average rating of “Hold” and an average target price of $30.13.

HR traded up $0.13 during trading on Friday, hitting $27.88. The company had a trading volume of 1,539,320 shares, compared to its average volume of 987,401. The stock has a market capitalization of $3,426.45, a P/E ratio of 18.22, a P/E/G ratio of 4.26 and a beta of 0.22. Healthcare Realty Trust has a one year low of $26.27 and a one year high of $36.25. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.72.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Wednesday, May 16th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, May 15th. This represents a $1.20 annualized dividend and a yield of 4.30%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently 78.43%.

Several institutional investors have recently added to or reduced their stakes in the company. Sandy Spring Bank acquired a new position in shares of Healthcare Realty Trust during the 1st quarter worth about $1,401,000. Swiss National Bank increased its stake in shares of Healthcare Realty Trust by 2.3% during the 1st quarter. Swiss National Bank now owns 215,800 shares of the real estate investment trust’s stock worth $5,980,000 after purchasing an additional 4,900 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Healthcare Realty Trust by 57.0% during the 1st quarter. American Century Companies Inc. now owns 911,072 shares of the real estate investment trust’s stock worth $25,246,000 after purchasing an additional 330,787 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Healthcare Realty Trust by 21.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,985 shares of the real estate investment trust’s stock worth $332,000 after purchasing an additional 2,119 shares during the last quarter. Finally, Honeywell International Inc. increased its stake in shares of Healthcare Realty Trust by 39.6% during the 1st quarter. Honeywell International Inc. now owns 86,938 shares of the real estate investment trust’s stock worth $2,409,000 after purchasing an additional 24,675 shares during the last quarter. Institutional investors own 98.38% of the company’s stock.

About Healthcare Realty Trust

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 December 31, 2017, the Company owned 201 real estate properties in 27 states totaling 14.6 million square feet and was valued at approximately $5.3 billion.

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

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