NYSE:HR

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Healthcare Realty Trust

Executive Summary

Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. More Details


Snowflake Analysis

Average dividend payer with mediocre balance sheet.


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Share Price & News

How has Healthcare Realty Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: HR's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-0.9%

HR

0.1%

US REITs

2.1%

US Market


1 Year Return

-8.5%

HR

-8.6%

US REITs

19.8%

US Market

Return vs Industry: HR matched the US REITs industry which returned -8.8% over the past year.

Return vs Market: HR underperformed the US Market which returned 19.7% over the past year.


Shareholder returns

HRIndustryMarket
7 Day-0.9%0.1%2.1%
30 Day6.7%8.6%8.1%
90 Day7.6%2.6%6.0%
1 Year-4.8%-8.5%-4.8%-8.6%22.5%19.8%
3 Year5.5%-6.3%18.5%4.5%46.5%36.8%
5 Year39.1%14.3%50.7%20.4%96.9%75.3%

Long-Term Price Volatility Vs. Market

How volatile is Healthcare Realty Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Healthcare Realty Trust undervalued compared to its fair value and its price relative to the market?

7.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HR ($30.69) is trading below our estimate of fair value ($33.16)

Significantly Below Fair Value: HR is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: HR is good value based on its PE Ratio (36.1x) compared to the US REITs industry average (38.3x).

PE vs Market: HR is poor value based on its PE Ratio (36.1x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: HR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: HR is overvalued based on its PB Ratio (2.2x) compared to the US REITs industry average (1.6x).


Next Steps

Future Growth

How is Healthcare Realty Trust forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

-28.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HR's earnings are forecast to decline over the next 3 years (-28.7% per year).

Earnings vs Market: HR's earnings are forecast to decline over the next 3 years (-28.7% per year).

High Growth Earnings: HR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: HR's revenue (6.7% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: HR's revenue (6.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HR's Return on Equity is forecast to be low in 3 years time (3.9%).


Next Steps

Past Performance

How has Healthcare Realty Trust performed over the past 5 years?

-2.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HR has a large one-off gain of $87.6M impacting its September 30 2020 financial results.

Growing Profit Margin: HR's current net profit margins (22.9%) are higher than last year (5.7%).


Past Earnings Growth Analysis

Earnings Trend: HR's earnings have declined by 2.2% per year over the past 5 years.

Accelerating Growth: HR's earnings growth over the past year (331.8%) exceeds its 5-year average (-2.2% per year).

Earnings vs Industry: HR earnings growth over the past year (331.8%) exceeded the REITs industry 2%.


Return on Equity

High ROE: HR's Return on Equity (6.1%) is considered low.


Next Steps

Financial Health

How is Healthcare Realty Trust's financial position?


Financial Position Analysis

Short Term Liabilities: HR's short term assets ($202.7M) exceed its short term liabilities ($95.7M).

Long Term Liabilities: HR's short term assets ($202.7M) do not cover its long term liabilities ($1.7B).


Debt to Equity History and Analysis

Debt Level: HR's debt to equity ratio (82.6%) is considered high.

Reducing Debt: HR's debt to equity ratio has reduced from 112.5% to 82.6% over the past 5 years.

Debt Coverage: HR's debt is well covered by operating cash flow (29.7%).

Interest Coverage: HR's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Healthcare Realty Trust current dividend yield, its reliability and sustainability?

3.91%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HR's dividend (3.91%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: HR's dividend (3.91%) is low compared to the top 25% of dividend payers in the US market (4.05%).


Stability and Growth of Payments

Stable Dividend: HR's dividends per share have been stable in the past 10 years.

Growing Dividend: HR's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (74.4%), HR's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HR's dividends in 3 years are forecast to be covered by earnings (70% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.9yrs

Average management tenure


CEO

Todd Meredith (45 yo)

3.92yrs

Tenure

US$3,409,582

Compensation

Mr. Todd J. Meredith has been the Chief Executive Officer and President at Healthcare Realty Trust Incorporated since December 30, 2016. Previously, Mr. Meredith served as an Executive Vice President of In...


CEO Compensation Analysis

Compensation vs Market: Todd's total compensation ($USD3.41M) is below average for companies of similar size in the US market ($USD5.15M).

Compensation vs Earnings: Todd's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Todd Meredith
President3.92yrsUS$3.41m0.34%
$ 14.4m
James Douglas
Executive VP & CFO4.67yrsUS$2.03m0.13%
$ 5.3m
Robert Hull
Executive Vice President of Investments3.83yrsUS$2.15m0.10%
$ 4.2m
John Bryant
Executive VP & General Counsel17yrsUS$2.03m0.13%
$ 5.4m
Amanda Callaway
Senior VP & Chief Accounting Officerno datano data0.043%
$ 1.8m
Austen Helfrich
Associate Vice President of Corporate Financeno datano datano data
Billy Rainey
Associate Vice President of Technology Services3.83yrsno datano data
Carla Baca
Associate Vice President of Investor Relationsno datano datano data
Tim Staggs
Vice President of Internal Audit & Complianceno datano datano data
Bethany Mancini
Associate Vice President of Corporate Communicationsno datano datano data
Revell Michael
Vice President of Marketingno datano datano data
Becca Oberlander
Vice President of Human Resourcesno datano datano data

3.9yrs

Average Tenure

45yo

Average Age

Experienced Management: HR's management team is considered experienced (3.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Todd Meredith
President3.92yrsUS$3.41m0.34%
$ 14.4m
John Singleton
Independent Chairman & Lead Director1.17yrsUS$168.49k0.033%
$ 1.4m
Bruce Sullivan
Independent Director16.83yrsUS$194.49k0.025%
$ 1.0m
Nancy Agee
Independent Director4.75yrsUS$184.96k0.019%
$ 812.1k
Christann Vasquez
Independent Director5yrsUS$186.99k0.014%
$ 590.8k
Peter Lyle
Independent Director4.75yrsUS$179.99k0.0091%
$ 381.6k
James Kilroy
Director0.50yrno data0.0025%
$ 104.8k
Edward Braman
Independent Director2.5yrsUS$194.49k0.012%
$ 484.4k
John Abbott
Independent Director1.5yrsUS$141.49k0.0049%
$ 204.2k

3.5yrs

Average Tenure

63yo

Average Age

Experienced Board: HR's board of directors are considered experienced (3.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Healthcare Realty Trust Incorporated's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Healthcare Realty Trust Incorporated
  • Ticker: HR
  • Exchange: NYSE
  • Founded: 1992
  • Industry: Health Care REITs
  • Sector: Real Estate
  • Market Cap: US$4.175b
  • Shares outstanding: 136.05m
  • Website: https://www.healthcarerealty.com

Number of Employees


Location

  • Healthcare Realty Trust Incorporated
  • 3310 West End Avenue
  • Fourth Floor
  • Nashville
  • Tennessee
  • 37203
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HRNYSE (New York Stock Exchange)YesCommon StockUSUSDMay 1993
HR6DB (Deutsche Boerse AG)YesCommon StockDEEURMay 1993

Biography

Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpat...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 23:49
End of Day Share Price2020/11/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.