Healthcare Realty Trust Incorporated (NYSE: HR) stock fell -3.27% on Thursday to $18.05 against a previous-day closing price of $18.66. With 2.12 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.97 million shares. During the session, the REIT – Healthcare Facilities company that operates in wider Real Estate sector, reached to the highest price of $18.63 whereas the lowest price it dropped to was $17.99. The 52-week range on HR shows that it touched its highest point at $26.95 and its lowest point at $18.00 during that stretch. It currently has a 1-year price target of $21.56. With its current market cap of 6.99 billion, HR has annualized dividend of $1.24 while the current yield stands at 6.87%. Beta for the stock currently stands at 0.77.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HR was down-trending over the past week, with a drop of -6.28%, but this was down by -5.10% over a month. Three-month performance dropped to -8.28% while six-month performance fell -8.42%. The stock lost -27.21% in the past year, while it has lost -6.33% so far this year. A look at the trailing 12-month EPS for HR yields -0.21 with Next year EPS estimates of -0.31. For the next quarter, that number is -0.12. This implies an EPS growth rate of -65.30% for this year and 22.00% for next year.
Float and Shares Shorts:
At present, 378.84 million HR shares are outstanding with a float of 378.54 million shares on hand for trading. On May 14, 2023, short shares totaled 13.04 million, which was 3.42% higher than short shares on Apr 13, 2023. In addition to Mr. Todd J. Meredith as the firm’s Pres, CEO & Director, Mr. James Christopher Douglas serves as its Exec. VP & CFO.
Institutional Ownership:
Through their ownership of 102.31% of HR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 60.99% of HR, in contrast to 47.89% held by mutual funds. Shares owned by individuals account for 0.89%. As the largest shareholder in HR with 15.57% of the stake, Cohen & Steers Capital Management holds 59,302,010 shares worth 59,302,010. A second-largest stockholder of HR, The Vanguard Group, Inc., holds 54,336,869 shares, controlling over 14.27% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in HR, holding 37,236,968 shares or 9.78% stake. With a 4.39% stake in HR, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 16,725,286 shares are owned by the mutual fund manager. The Stichting Pensioenfonds ABP, which owns about 3.23% of HR stock, is the second-largest Mutual Fund holder. It holds 12,302,509 shares valued at 243.34 million. iShares Core S&P Mid Cap ETF holds 3.12% of the stake in HR, owning 11,875,838 shares worth 234.9 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, HR reported revenue of $145.33M and operating income of $22.05M. The EBITDA in the recently reported quarter was $77.48M and diluted EPS was $0.04.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With HR analysts setting a high price target of $25.00 and a low target of $19.00, the average target price over the next 12 months is $21.56. Based on these targets, HR could surge 38.5% to reach the target high and rise by 5.26% to reach the target low. Reaching the average price target will result in a growth of 19.45% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
