Wedbush Brokers Raise Earnings Estimates for Healthcare Realty Trust Incorporated (NYSE:HR)

Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) - Wedbush boosted their FY2024 earnings per share estimates for Healthcare Realty Trust in a research report issued on Wednesday, May 8th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings per share of $1.57 for the year, up from their prior estimate of $1.56. Wedbush has a "Neutral" rating and a $16.00 price objective on the stock. The consensus estimate for Healthcare Realty Trust's current full-year earnings is $1.56 per share.

A number of other research analysts have also weighed in on HR. JPMorgan Chase & Co. dropped their target price on Healthcare Realty Trust from $19.00 to $17.00 and set an "overweight" rating on the stock in a report on Wednesday, March 6th. Stifel Nicolaus lowered Healthcare Realty Trust from a "buy" rating to a "hold" rating and dropped their target price for the company from $19.00 to $15.00 in a report on Tuesday, February 20th. Wells Fargo & Company dropped their target price on Healthcare Realty Trust from $18.00 to $15.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Healthcare Realty Trust in a report on Tuesday, January 30th. They issued a "hold" rating and a $18.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $17.30.

Healthcare Realty Trust Stock Performance

Healthcare Realty Trust stock traded up $0.64 during mid-day trading on Monday, reaching $16.01. The stock had a trading volume of 5,310,476 shares, compared to its average volume of 3,465,939. Healthcare Realty Trust has a fifty-two week low of $12.77 and a fifty-two week high of $20.30. The stock's 50-day simple moving average is $14.01 and its 200-day simple moving average is $15.08. The firm has a market capitalization of $6.10 billion, a PE ratio of -11.56 and a beta of 0.78.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its quarterly earnings data on Friday, February 16th. The real estate investment trust reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.51). Healthcare Realty Trust had a negative net margin of 37.53% and a negative return on equity of 7.22%. The firm had revenue of $330.40 million during the quarter, compared to analyst estimates of $334.32 million. During the same period last year, the business posted $0.42 EPS. The company's revenue was down 2.2% on a year-over-year basis.

Institutional Trading of Healthcare Realty Trust

A number of institutional investors have recently modified their holdings of HR. Provence Wealth Management Group purchased a new stake in shares of Healthcare Realty Trust during the 3rd quarter valued at approximately $25,000. Lindbrook Capital LLC increased its holdings in Healthcare Realty Trust by 106.0% during the 4th quarter. Lindbrook Capital LLC now owns 1,854 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 954 shares during the period. Quent Capital LLC increased its holdings in Healthcare Realty Trust by 47.4% during the 4th quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 622 shares during the period. Muzinich & Co. Inc. increased its holdings in Healthcare Realty Trust by 98.1% during the 4th quarter. Muzinich & Co. Inc. now owns 2,179 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 1,079 shares during the period. Finally, Quarry LP bought a new position in shares of Healthcare Realty Trust in the 4th quarter worth $39,000.

Healthcare Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Monday, May 13th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 7.75%. The ex-dividend date of this dividend is Friday, May 10th. Healthcare Realty Trust's dividend payout ratio (DPR) is currently -93.23%.

Healthcare Realty Trust Company Profile

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.