Healthcare Realty Trust (HR) Scheduled to Post Quarterly Earnings on Tuesday

Healthcare Realty Trust (NYSE:HR) is scheduled to be announcing its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.38 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

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

HR stock opened at $14.88 on Monday. The business has a 50-day moving average price of $13.83 and a 200 day moving average price of $15.05. The company has a market capitalization of $5.67 billion, a P/E ratio of -20.11 and a beta of 0.78. Healthcare Realty Trust has a 1-year low of $12.77 and a 1-year high of $20.30.

Healthcare Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Monday, May 13th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 8.33%. The ex-dividend date is Friday, May 10th. Healthcare Realty Trust’s payout ratio is -167.57%.

Wall Street Analyst Weigh In

Several analysts have commented on HR shares. Stifel Nicolaus lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and decreased their price target for the company from $19.00 to $15.00 in a research report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft started coverage on shares of Healthcare Realty Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $18.00 price target for the company. JPMorgan Chase & Co. decreased their price target on shares of 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. Wedbush lowered shares of Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $19.00 to $15.00 in a research report on Tuesday, February 20th. Finally, Wells Fargo & Company decreased their price objective on shares of Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $17.20.

About Healthcare Realty Trust

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.