Healthcare Realty Trust (NYSE:HR) Releases 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 Ratings Changes

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

Healthcare Realty Trust Stock Performance

Shares of NYSE:HR opened at $18.63 on Tuesday. The firm has a market capitalization of $7.05 billion, a PE ratio of -14.01 and a beta of 0.91. Healthcare Realty Trust has a 52-week low of $12.77 and a 52-week high of $18.90. The firm has a fifty 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 data on Friday, August 2nd. The real estate investment trust reported ($0.39) earnings per share (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 firm had revenue of $316.30 million during the quarter, compared to analysts’ expectations of $317.90 million. During the same quarter in the previous 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. On average, sell-side analysts forecast that Healthcare Realty Trust will post 1.56 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Monday, August 12th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date was Monday, August 12th. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -93.23%.

Insider Buying and Selling

In related news, Director John Knox Singleton acquired 6,500 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was purchased 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 approximately $1,041,175.68. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director John Knox Singleton acquired 6,500 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were purchased 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 $1,041,175.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas N. Bohjalian bought 9,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were purchased 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 approximately $386,962.28. The disclosure for this purchase can be found here. Insiders have purchased a total of 15,728 shares of company stock worth $279,069 in the last ninety days. 0.56% of the stock is owned by insiders.

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.