Wedbush Forecasts Lower Earnings for Healthcare Realty Trust

Healthcare Realty Trust Incorporated (NYSE:HR) – Analysts at Wedbush reduced their Q4 2024 EPS estimates for shares of Healthcare Realty Trust in a research note issued to investors on Thursday, October 31st. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will earn $0.39 per share for the quarter, down from their prior forecast of $0.41. Wedbush has a “Neutral” rating and a $18.00 price objective 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 research analysts also recently commented on HR. Scotiabank increased their price objective on shares of Healthcare Realty Trust from $17.00 to $18.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $17.00 price objective (up previously from $16.00) on shares of Healthcare Realty Trust in a report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $17.17.

Healthcare Realty Trust Stock Performance

NYSE:HR opened at $17.58 on Monday. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of -10.96 and a beta of 0.91. The business’s 50-day simple moving average is $17.87 and its 200 day simple moving average is $16.98. Healthcare Realty Trust has a one year low of $12.77 and a one year high of $18.90.

Institutional Investors Weigh In On Healthcare Realty Trust

Several institutional investors have recently bought and sold shares of HR. GSA Capital Partners LLP acquired a new stake in Healthcare Realty Trust in the third quarter worth approximately $1,107,000. Catalytic Wealth RIA LLC raised its stake in shares of Healthcare Realty Trust by 10.1% in the 3rd quarter. Catalytic Wealth RIA LLC now owns 15,090 shares of the real estate investment trust’s stock worth $274,000 after buying an additional 1,381 shares in the last quarter. Atria Investments Inc lifted its holdings in shares of Healthcare Realty Trust by 29.5% in the third quarter. Atria Investments Inc now owns 88,054 shares of the real estate investment trust’s stock valued at $1,598,000 after buying an additional 20,064 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Healthcare Realty Trust by 8.9% in the third quarter. Van ECK Associates Corp now owns 166,676 shares of the real estate investment trust’s stock valued at $3,040,000 after buying an additional 13,592 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new position in Healthcare Realty Trust during the third quarter valued at about $89,000.

Insiders Place Their Bets

In other news, Director Thomas N. Bohjalian acquired 9,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average cost of $17.39 per share, for a total transaction of $156,510.00. Following the transaction, the director now directly owns 22,252 shares in the company, valued at $386,962.28. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Healthcare Realty Trust news, Director John Knox Singleton purchased 6,500 shares of Healthcare Realty Trust stock in a transaction 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 transaction, the director now owns 57,082 shares of the company’s stock, valued at $1,041,175.68. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas N. Bohjalian purchased 9,000 shares of the stock in a transaction dated Monday, August 12th. The shares were acquired at an average cost of $17.39 per share, for a total transaction of $156,510.00. Following the completion of the acquisition, the director now directly owns 22,252 shares of the company’s stock, valued at approximately $386,962.28. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 15,728 shares of company stock valued at $279,069 over the last three months. Company insiders own 0.56% of the company’s stock.

Healthcare Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.24 dividend on an annualized basis and a yield of 7.05%. Healthcare Realty Trust’s payout ratio is currently -78.48%.

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.