Healthcare Realty Trust (NYSE:HR) Issues FY 2024 Earnings Guidance

Healthcare Realty Trust (NYSE:HR) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.520-1.580 for the period, compared to the consensus estimate of 1.560. The company issued revenue guidance of -. Healthcare Realty Trust also updated its Q2 2024 guidance to 0.380-0.390 EPS.

Wall Street Analyst Weigh In

HR has been the subject of a number of research reports. 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 price objective for the company. Stifel Nicolaus cut shares of Healthcare Realty Trust from a buy rating to a hold rating and cut their target price for the stock from $19.00 to $15.00 in a report on Tuesday, February 20th. Wedbush boosted their price objective on shares of Healthcare Realty Trust from $15.00 to $16.00 and gave the company a neutral rating in a research report on Wednesday. Wells Fargo & Company cut their target price on Healthcare Realty Trust from $18.00 to $15.00 and set an equal weight rating on the stock in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. cut their price target on shares of Healthcare Realty Trust from $19.00 to $17.00 and set an overweight rating on the stock in a report on Wednesday, March 6th. One equities 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 stock. According to data from MarketBeat.com, Healthcare Realty Trust currently has a consensus rating of Hold and an average price target of $17.30.

Healthcare Realty Trust Stock Performance

Shares of NYSE:HR traded down $0.26 during trading on Wednesday, reaching $15.15. 1,409,829 shares of the stock traded hands, compared to its average volume of 3,415,106. The stock has a market cap of $5.77 billion, a P/E ratio of -20.63 and a beta of 0.78. The stock has a 50-day moving average of $13.91 and a two-hundred day moving average of $15.06. Healthcare Realty Trust has a 52-week low of $12.77 and a 52-week high of $20.30.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.51). Healthcare Realty Trust had a negative return on equity of 3.87% and a negative net margin of 20.71%. The business had revenue of $330.40 million during the quarter, compared to analysts’ expectations of $334.32 million. During the same quarter in the prior year, the firm earned $0.42 EPS. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. Sell-side analysts expect that Healthcare Realty Trust will post 1.56 earnings per share for the current year.

Healthcare Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Monday, May 13th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.18%. The ex-dividend date of this dividend is Friday, May 10th. Healthcare Realty Trust’s payout ratio is -167.57%.

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.