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

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wells Fargo & Company lowered Healthcare Realty Trust from an equal weight rating to an underweight rating and decreased their price objective for the stock from $17.00 to $16.00 in a research report on Tuesday, July 30th. Scotiabank raised 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. Finally, Wedbush upped their price objective on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the company a neutral rating in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Healthcare Realty Trust presently has an average rating of Hold and an average target price of $17.00.

Healthcare Realty Trust Price Performance

HR stock opened at $18.03 on Thursday. The stock has a market capitalization of $6.82 billion, a price-to-earnings ratio of -13.55 and a beta of 0.91. The company has a 50-day moving average of $17.78 and a two-hundred day moving average of $16.00. Healthcare Realty Trust has a 52-week low of $12.77 and a 52-week high of $18.90.

Healthcare Realty Trust (NYSE:HR) 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). The business had revenue of $316.30 million for the quarter, compared to the consensus estimate of $317.90 million. Healthcare Realty Trust had a negative net margin of 42.79% and a negative return on equity of 8.50%. Healthcare Realty Trust’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 EPS. Equities analysts expect that Healthcare Realty Trust will post 1.56 EPS for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Monday, August 12th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 6.88%. The ex-dividend date was Monday, August 12th. Healthcare Realty Trust’s payout ratio is currently -93.23%.

Insider Buying and Selling at Healthcare Realty Trust

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

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.