Quick market observation: Healthcare Realty Trust Incorporated (NYSE: HR)

On 06 March 2020, Healthcare Realty Trust Incorporated stock identified change of 27.98% away from 52-week low price and recently located move of 0.12% off 52-week high price. It has market worth of $5075.59M and dividend yield of 3.16%. HR stock has been recorded 7.82% away from 50 day moving average and 13.49% away from 200 day moving average. Moving closer, we can see that shares have been trading 4.07% off 20-day moving average.

Healthcare Realty Trust Incorporated (HR) recently reported results for the fourth quarter ended December 31, 2019.  The Company stated net income of $27.2M, or $0.20 per diluted ordinary share, for the quarter and $39.2M, or $0.29 per diluted ordinary share, for the year ended December 31, 2019.  Normalized FFO for the three months ended December 31, 2019 totaled $54.7M, or $0.41 per diluted ordinary share.

Salient quarterly highlights include:

Normalized FFO per share increased 4.0% over fourth quarter of 2018.

For the trailing twelve months ended December 31, 2019, same store cash NOI grew 2.9%.

Revenues increased 2.5% and revenue per average occupied square foot increased 2.6%.

Operating expenses increased 1.8%.

Average occupancy remained stable at 89.3%.

During the fourth quarter, the Company purchased six medical office buildings for $107.4M totaling 317,000 square feet.  Acquisitions included:

In Raleigh, a 58,000 square foot building adjacent to A2 rated WakeMed’s North Hospital for $21.6M.

In Dallas, a 48,000 square foot building adjacent to AA- rated Baylor Scott & White Health’s Medical Center of Plano for $20.1M.

In Seattle, a 36,000 square foot building anchored by A rated EvergreenHealth for $22.8M.

In Seattle, a 44,000 square foot building anchored by AA+ rated UW Medicine and A rated Overlake Hospital for $24.3M.

In Seattle, a 20,000 square foot building adjacent toB+ rated OrdinarySpirit Health’s Highline Medical Center for $10.0M.

In Memphis, a 111,000 square foot building anchored byB+ rated Baptist Memorial Health Care.  The 85% pre-leased building is being redeveloped for a total budget of $27.8M, including the acquisition of the building for $8.7M, and is predictable to generate a yield of 7.6% once stabilized.

Healthcare Realty Trust Incorporated noticed change of 0.64% to $37.92 along volume of 1364867 shares in recent session compared to an average volume of 1022.14K. HR’s shares are at 14.32% for the quarter and driving a 21.19% return over the course of the past year and is now at 13.63% since this point in 2018. The average volatility for the week at 3.86% and for month was at 2.62%.

 

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Mary Smith

Mary Smith– Health Industry My Name is Mary Smith, and I am 29 years old who is an industrialist other than a writer. I want to catch the attention of my audience and publishers without sounds too dry and dull. I am that sort of person who adores his spare time by writing my thoughts and ideas for my audience or readers. My writing skills are not confined to any specific field, I wrote on many topics, but healthcare sector and Stock Market articles are always my favorite. I love to express myself by creative modes such as drawing, singing, and writing. I love to spend my leisure time with my beloved cat, sleep or by playing my favorite video games.

Leave a Reply

Your email address will not be published. Required fields are marked *

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together