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Healthcare Realty Trust Inc. Up 1.93% To $25.84 After Earnings

Tuesday, August 09, 2022 02:18 PM | InvestorsObserver Analysts
Healthcare Realty Trust Inc. Up 1.93% To $25.84 After Earnings

Healthcare Realty Trust Inc (HR) reported better than expected earnings this morning for Q2 2022.

Healthcare Realty Trust Inc.'s earnings came in at an EPS of $0.45 per share. The firm's earnings are up 5% since reporting $0.43 per share in the same period a year ago.

Consensus analyst estimates were at $180 million. The Real Estate company missed on those expectations for its second quarter with revenue of $145.3 million, a negative revenue surprise of $34.6 million (19%). The firm managed 11% growth year-over-year due to Healthcare Realty Trust Inc. reporting quarterly revenue of $131.4 million in its year-ago quarter. Healthcare Realty Trust Inc. achieved a lower earnings growth rate than revenue, signaling that the business has not been able to improve its profit margin.

The stock is up 1.93% to $25.84 after the report.

Healthcare Realty Trust Inc.'s revenue expanded at a faster pace than earnings, signaling a decline in profit margins.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Healthcare Realty Trust Inc. a Neutral Sentiment Rank from InvestorsObserver.

Healthcare Realty Trust Inc. has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 7, putting Healthcare Realty Trust Inc. in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $23.28 on July 21, 2022 and set a 52-week high on October 28, 2021 at $33.77.

Healthcare Realty Trust Inc is a healthcare facility real estate investment trust. The company focuses on owning, leasing, and managing outpatient facilities and other healthcare properties. The company considers merger and acquisition investment as a component of its operational growth strategy. It works with developers that have strong ties to a local health system and physicians. The company works to invest in outpatient facilities that are integral to a hospital's operations. It generates all of its revenue in the United States.

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