Healthcare Realty Trust (NYSE:HR) Issues Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• Healthcare Realty Trust beat quarterly EPS estimates, reporting $0.42 versus the $0.41 consensus, while revenue reached $285.52 million, above expectations of $275.43 million. However, revenue declined 3.4% year over year and the company posted a negative net margin.
• Shares rose 3.4% to $18.13 following the results, though the stock remains below its 52-week high of $22.04 and has a market capitalization of approximately $6.21 billion.
• Analyst sentiment remains mixed, with five Buy ratings and seven Holds producing a consensus “Hold” rating and an average price target of $21.36. Deutsche Bank upgraded the stock to Buy, while UBS lowered its target to $18.

Healthcare Realty Trust (NYSE:HR - Get Free Report) issued its earnings results on Thursday. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01, Zacks reports. Healthcare Realty Trust had a negative net margin of 7.59% and a negative return on equity of 1.91%. The company had revenue of $285.52 million for the quarter, compared to analysts' expectations of $275.43 million. During the same quarter last year, the company posted $0.41 earnings per share. The firm's quarterly revenue was down 3.4% on a year-over-year basis.

Healthcare Realty Trust Trading Up 3.4%

NYSE HR traded up $0.60 on Thursday, hitting $18.13. 8,624,210 shares of the company traded hands, compared to its average volume of 4,015,745. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of -69.74 and a beta of 0.97. The business's 50 day moving average price is $18.22 and its 200-day moving average price is $18.80. Healthcare Realty Trust has a 52-week low of $16.31 and a 52-week high of $22.04.

Analysts Set New Price Targets

Several research firms have recently weighed in on HR. UBS Group lowered their price target on Healthcare Realty Trust from $21.00 to $18.00 and set a "neutral" rating on the stock in a report on Tuesday, October 13th. Cantor Fitzgerald upped their price objective on Healthcare Realty Trust from $22.00 to $24.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. JPMorgan Chase & Co. upped their price objective on Healthcare Realty Trust from $19.00 to $21.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. Weiss Ratings reissued a "hold (c-)" rating on shares of Healthcare Realty Trust in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised Healthcare Realty Trust from a "hold" rating to a "buy" rating and raised their target price for the stock from $18.00 to $23.00 in a research report on Tuesday, October 20th. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Healthcare Realty Trust has an average rating of "Hold" and a consensus price target of $21.36.

Insider Transactions at Healthcare Realty Trust

In other Healthcare Realty Trust news, COO Robert Hull sold 21,000 shares of the company's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $19.11, for a total value of $401,310.00. Following the completion of the sale, the chief operating officer owned 276,338 shares in the company, valued at $5,280,819.18. This represents a 7.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.56% of the company's stock.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust Incorporated NYSE: HR is a real estate investment trust focused on owning, managing, acquiring and developing outpatient healthcare properties. Its portfolio primarily includes medical office buildings, ambulatory surgery centers, outpatient facilities and other properties used by healthcare providers.

The company leases space to health systems, physician groups and other healthcare organizations, with properties generally located on or near hospital campuses and in growing outpatient care settings.