Healthcare Realty Trust Inc (NYSE:HR) shares, rose in value, with the stock price down by -0.36% to the previous day’s close as strong demand from buyers drove the stock to $13.87.
Actively observing the price movement in the last trading, the stock closed the session at $13.92. The value of beta (5-year monthly) was 0.65. Referring to stock’s 52-week performance, its high was $20.32, and the low was $12.77. On the whole, HR has fluctuated by 0.80% over the past month.
With the market capitalization of Healthcare Realty Trust Inc currently standing at about $5.29 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024 – May 06, 2024. The company’s Forward Dividend Ratio is 1.24, with its dividend yield at 8.94%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.11, which is expected to increase to -$0.11 for fiscal year -$0.46 and then to about -$0.41 by fiscal year 2025. Data indicates that the EPS growth is expected to be 37.80% in 2025, while the next year’s EPS growth is forecast to be 10.90%.
Analysts have estimated the company’s revenue for the quarter at $326.73 million, with a low estimate of $324.3 million and a high estimate of $328.9 million. According to the average forecast, sales growth in current quarter could jump down -0.70%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $1.33 billion, representing a decrease of -1.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that HR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HR currently trading nearly 2.41% and -3.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.30, while the 7-day volatility ratio is showing 2.21% which for the 30-day chart, stands at 2.44%. Furthermore, Healthcare Realty Trust Inc (HR)’s beta value is 0.77, and its average true range (ATR) is 0.36.
A comparison of Healthcare Realty Trust Inc (HR) with its peers suggests the former has fared considerably weaker in the market. HR showed an intraday change of -0.36% in last session, and over the past year, it shrunk by -28.47%%.
Data on historical trading for Healthcare Realty Trust Inc (NYSE:HR) indicates that the trading volumes over the past 10 days have averaged 2.73 million and over the past 3 months, they’ve averaged 3.29 million. According to company’s latest data on outstanding shares, there are 380.96 million shares outstanding.
Nearly 0.57% of Healthcare Realty Trust Inc’s shares belong to company insiders and institutional investors own 106.06% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.46 million shares as on Mar 15, 2024, resulting in a short ratio of 1.72. According to the data, the short interest in Healthcare Realty Trust Inc (HR) stood at 1.96% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 9.59 million. The stock has fallen by -19.50% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HR stock heading into the next quarter.
