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%.

 

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.

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