Q4 EPS Estimates for Healthcare Realty Trust Cut by Wedbush

Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) - Investment analysts at Wedbush lowered their Q4 2024 earnings per share (EPS) estimates for shares of Healthcare Realty Trust in a research report issued to clients and investors on Thursday, October 31st. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings per share of $0.39 for the quarter, down from their previous estimate of $0.41. Wedbush currently has a "Neutral" rating and a $18.00 price target on the stock. The consensus estimate for Healthcare Realty Trust's current full-year earnings is $1.56 per share. Wedbush also issued estimates for Healthcare Realty Trust's FY2025 earnings at $1.60 EPS.

A number of other brokerages also recently commented on HR. Scotiabank increased their price target on Healthcare Realty Trust from $17.00 to $18.00 and gave the company a "sector perform" rating in a report on Wednesday, August 7th. Wells Fargo & Company reiterated an "underweight" rating and set a $17.00 target price (up from $16.00) on shares of Healthcare Realty Trust in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $17.17.

Healthcare Realty Trust Trading Up 1.8 %

HR stock traded up $0.30 during trading on Monday, reaching $17.22. The stock had a trading volume of 3,047,696 shares, compared to its average volume of 3,476,391. The firm has a fifty day moving average price of $17.88 and a 200 day moving average price of $16.95. The company has a market capitalization of $6.25 billion, a P/E ratio of -10.90 and a beta of 0.91. Healthcare Realty Trust has a 1-year low of $12.77 and a 1-year high of $18.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its earnings results on Friday, August 2nd. The real estate investment trust reported ($0.39) earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.77). Healthcare Realty Trust had a negative net margin of 45.63% and a negative return on equity of 9.42%. The firm had revenue of $316.30 million during the quarter, compared to analysts' expectations of $317.90 million. During the same quarter last year, the company posted $0.39 earnings per share. Healthcare Realty Trust's revenue for the quarter was down 6.4% compared to the same quarter last year.

Healthcare Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.20%. Healthcare Realty Trust's dividend payout ratio (DPR) is -78.48%.

Insider Activity at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian purchased 9,000 shares of Healthcare Realty Trust stock in a transaction dated Monday, August 12th. The shares were bought at an average cost of $17.39 per share, for a total transaction of $156,510.00. Following the transaction, the director now owns 22,252 shares in the company, valued at $386,962.28. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Thomas N. Bohjalian purchased 9,000 shares of the business's stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of $17.39 per share, with a total value of $156,510.00. Following the acquisition, the director now owns 22,252 shares in the company, valued at approximately $386,962.28. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Knox Singleton acquired 6,500 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average price of $18.24 per share, with a total value of $118,560.00. Following the completion of the purchase, the director now owns 57,082 shares in the company, valued at $1,041,175.68. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 15,728 shares of company stock valued at $279,069. Corporate insiders own 0.56% of the company's stock.

Hedge Funds Weigh In On Healthcare Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its stake in Healthcare Realty Trust by 38.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 628 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Healthcare Realty Trust by 260.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,809 shares of the real estate investment trust's stock valued at $50,000 after acquiring an additional 2,030 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Healthcare Realty Trust during the third quarter valued at approximately $89,000. GAMMA Investing LLC raised its holdings in Healthcare Realty Trust by 67.2% during the second quarter. GAMMA Investing LLC now owns 5,569 shares of the real estate investment trust's stock worth $92,000 after purchasing an additional 2,238 shares in the last quarter. Finally, Graypoint LLC acquired a new stake in Healthcare Realty Trust in the first quarter worth approximately $147,000.

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.