Healthcare Realty Trust (NYSE:HR) Updates FY24 Earnings Guidance

Healthcare Realty Trust (NYSE:HR) issued an update on its FY24 earnings guidance on Monday morning. The company provided EPS guidance of $1.53-1.58 for the period, compared to the consensus EPS estimate of $1.55.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on HR shares. Wedbush boosted their price target on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the stock a neutral rating in a report on Monday, August 5th. Wells Fargo & Company downgraded shares of Healthcare Realty Trust from an equal weight rating to an underweight rating and reduced their target price for the company from $17.00 to $16.00 in a research report on Tuesday, July 30th. Finally, Scotiabank lifted their price target on shares of Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a sector perform rating in a report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $17.00.

Healthcare Realty Trust Trading Down 2.4 %

HR opened at $18.19 on Wednesday. Healthcare Realty Trust has a 12 month low of $12.77 and a 12 month high of $18.90. The company has a market cap of $6.89 billion, a PE ratio of -13.68 and a beta of 0.91. The company has a 50 day moving average of $17.75 and a 200 day moving average of $15.97.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.77). Healthcare Realty Trust had a negative return on equity of 8.50% and a negative net margin of 42.79%. The company had revenue of $316.30 million during the quarter, compared to the consensus estimate of $317.90 million. During the same period in the previous year, the business earned $0.39 earnings per share. Healthcare Realty Trust’s revenue was down 6.4% on a year-over-year basis. Research analysts forecast that Healthcare Realty Trust will post 1.56 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Monday, August 12th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 6.82%. The ex-dividend date was Monday, August 12th. Healthcare Realty Trust’s dividend payout ratio is presently -93.23%.

Insider Transactions at Healthcare Realty Trust

In other news, Director John Knox Singleton acquired 6,500 shares of Healthcare Realty Trust stock in a transaction that occurred on Thursday, September 5th. The stock was 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Healthcare Realty Trust news, Director Thomas N. Bohjalian acquired 9,000 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was bought at an average price of $17.39 per share, with a total value of $156,510.00. Following the completion of the acquisition, the director now owns 22,252 shares of the company’s stock, valued at $386,962.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Knox Singleton acquired 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average price of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the transaction, the director now owns 57,082 shares of the company’s stock, valued at approximately $1,041,175.68. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 15,728 shares of company stock valued at $279,069. 0.56% of the stock is currently owned by corporate insiders.

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.