FY2017 Earnings Forecast for Healthcare Realty Trust Incorporated (HR) Issued By Jefferies Group

Healthcare Realty Trust Incorporated (NYSE:HR) – Equities research analysts at Jefferies Group cut their FY2017 earnings per share (EPS) estimates for Healthcare Realty Trust in a note issued to investors on Monday. Jefferies Group analyst O. Okusanya now anticipates that the real estate investment trust will earn $1.58 per share for the year, down from their previous estimate of $1.59. Jefferies Group currently has a “Hold” rating and a $34.00 price objective on the stock. Jefferies Group also issued estimates for Healthcare Realty Trust’s Q4 2017 earnings at $0.32 EPS, FY2018 earnings at $1.65 EPS and FY2019 earnings at $1.76 EPS.

A number of other equities analysts have also weighed in on the company. TheStreet lowered Healthcare Realty Trust from a “b” rating to a “c+” rating in a research note on Thursday, November 9th. Zacks Investment Research lowered Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Mizuho reaffirmed a “hold” rating and issued a $34.00 price target on shares of Healthcare Realty Trust in a research note on Sunday, November 5th. BMO Capital Markets reaffirmed a “buy” rating and issued a $34.00 price target on shares of Healthcare Realty Trust in a research note on Thursday, November 2nd. Finally, KeyCorp reaffirmed a “sell” rating and issued a $25.00 price target on shares of Healthcare Realty Trust in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $33.29.

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Healthcare Realty Trust (HR) opened at $32.97 on Tuesday. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $4,075.16, a P/E ratio of 20.78, a P/E/G ratio of 5.19 and a beta of 0.32. Healthcare Realty Trust has a 12-month low of $27.51 and a 12-month high of $36.25.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.01). The firm had revenue of $106.95 million for the quarter, compared to analyst estimates of $108.97 million. Healthcare Realty Trust had a return on equity of 6.62% and a net margin of 26.70%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HR. Neuberger Berman Group LLC increased its position in Healthcare Realty Trust by 0.7% during the second quarter. Neuberger Berman Group LLC now owns 6,267 shares of the real estate investment trust’s stock worth $214,000 after buying an additional 46 shares in the last quarter. Teacher Retirement System of Texas increased its position in Healthcare Realty Trust by 0.7% during the second quarter. Teacher Retirement System of Texas now owns 9,317 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 66 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings 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 worth $212,000 after purchasing an additional 72 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Healthcare Realty Trust by 1.3% during the second quarter. Bank of Montreal Can now owns 6,466 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 84 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its holdings in shares of Healthcare Realty Trust by 1.2% during the second quarter. Capstone Asset Management Co. now owns 10,536 shares of the real estate investment trust’s stock worth $360,000 after purchasing an additional 120 shares during the last quarter. 90.26% of the stock is owned by hedge funds and other institutional investors.

In related news, Director John Knox Singleton acquired 3,074 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was bought at an average cost of $32.55 per share, with a total value of $100,058.70. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 1.85% of the stock is owned by corporate insiders.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.64%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently 123.71%.

Healthcare Realty Trust Company Profile

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.

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

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