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HR

Healthcare Realty Trust NYSE:HR Stock Report

Last Price

US$24.29

Market Cap

US$3.7b

7D

-1.3%

1Y

-22.8%

Updated

22 Jul, 2022

Data

Company Financials +

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.
HR fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance1/6
Financial Health0/6
Dividends5/6

HR Stock Overview

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.

Healthcare Realty Trust Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Healthcare Realty Trust
Historical stock prices
Current Share PriceUS$24.29
52 Week HighUS$33.77
52 Week LowUS$23.39
Beta0.60
1 Month Change-8.13%
3 Month Change-13.03%
1 Year Change-22.82%
3 Year Change-23.42%
5 Year Change-27.23%
Change since IPO24.56%

Recent News & Updates

Aug 03

Healthcare Realty declares $0.109 dividend

Healthcare Realty (NYSE:HR) declares $0.109/share quarterly dividend. Forward yield 1.72% Payable Aug. 30; for shareholders of record Aug. 15; ex-div Aug. 12. This dividend represents regular quarterly dividend of $0.31 per share pro-rated for the period following the company’s last dividend record date of July 14, 2022 and ending on August 15, 2022. On July 19, 2022, the company also paid a pro-rated quarterly cash dividend of $0.2010 per share to stockholders of record on July 14, 2022.   See HR Dividend Scorecard, Yield Chart, & Dividend Growth.

Jul 20

Healthcare Realty Trust to be added to S&P MidCap 400 Index

Healthcare Realty Trust (NYSE:HR) announced the merged Healthcare Realty and Healthcare Trust of America (NYSE:HTA) will be included in the S&P MidCap 400 Index effective prior to the opening of trading on Thursday, July 21. Following the expected closing of the merger transaction on  July 20, and prior to the opening of trading on July 21, HTA will change its name and ticker symbol to Healthcare Realty Trust Incorporated. The resulting effect is that the post-merger company will be a constituent of the S&P MidCap 400 Index under the Healthcare Realty name and ticker symbol.

Shareholder Returns

HRUS REITsUS Market
7D-1.3%0.5%1.4%
1Y-22.8%-4.0%-8.4%

Return vs Industry: HR underperformed the US REITs industry which returned -11.2% over the past year.

Return vs Market: HR underperformed the US Market which returned -15.4% over the past year.

Price Volatility

Is HR's price volatile compared to industry and market?
HR volatility
HR Average Weekly Movement5.3%
REITs Industry Average Movement4.1%
Market Average Movement7.6%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.1%

Stable Share Price: HR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: HR's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1992338Todd Meredithhttps://www.healthcarerealty.com

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. As of September 30, 2020, the Company owned 211 real estate properties in 24 states totaling 15.5 million square feet and was valued at approximately $5.5 billion. The Company provided leasing and property management services to 11.9 million square feet nationwide.

Healthcare Realty Trust Fundamentals Summary

How do Healthcare Realty Trust's earnings and revenue compare to its market cap?
HR fundamental statistics
Market CapUS$3.68b
Earnings (TTM)US$82.65m
Revenue (TTM)US$545.91m

44.6x

P/E Ratio

6.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HR income statement (TTM)
RevenueUS$545.91m
Cost of RevenueUS$222.01m
Gross ProfitUS$323.90m
Other ExpensesUS$241.25m
EarningsUS$82.65m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 09, 2022

Earnings per share (EPS)0.55
Gross Margin59.33%
Net Profit Margin15.14%
Debt/Equity Ratio86.2%

How did HR perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

75%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is HR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HR?

Other financial metrics that can be useful for relative valuation.

HR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue10.5x
Enterprise Value/EBITDA19.6x
PEG Ratio-2.5x

Price to Earnings Ratio vs Peers

How does HR's PE Ratio compare to its peers?

HR PE Ratio vs Peers
The above table shows the PE ratio for HR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average38.9x
DOC Physicians Realty Trust
51.2x7.1%US$4.2b
NHI National Health Investors
43.6x18.8%US$3.0b
OHI Omega Healthcare Investors
17.3x-4.4%US$8.0b
CVMC.A Sila Realty Trust
69.6xn/aUS$1.4b
HR Healthcare Realty Trust
44.6x-17.6%US$3.7b

Price-To-Earnings vs Peers: HR is expensive based on its Price-To-Earnings Ratio (44.6x) compared to the peer average (38.9x).


Price to Earnings Ratio vs Industry

How does HR's PE Ratio compare vs other companies in the US REITs Industry?

Price-To-Earnings vs Industry: HR is expensive based on its Price-To-Earnings Ratio (44.6x) compared to the US REITs industry average (31.8x)


Price to Earnings Ratio vs Fair Ratio

What is HR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio44.6x
Fair PE Ratio23.9x

Price-To-Earnings vs Fair Ratio: HR is expensive based on its Price-To-Earnings Ratio (44.6x) compared to the estimated Fair Price-To-Earnings Ratio (23.9x).


Share Price vs Fair Value

What is the Fair Price of HR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HR ($24.29) is trading below our estimate of fair value ($64.51)

Significantly Below Fair Value: HR is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Healthcare Realty Trust forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-17.6%

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 (-17.6% per year).

Earnings vs Market: HR's earnings are forecast to decline over the next 3 years (-17.6% per year).

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

Revenue vs Market: HR's revenue (10.5% per year) is forecast to grow faster than the US market (8% per year).

High Growth Revenue: HR's revenue (10.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if HR's Return on Equity is forecast to be high in 3 years time


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Past Performance

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

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


0.01%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HR has a large one-off gain of $57.7M impacting its March 31 2022 financial results.

Growing Profit Margin: HR's current net profit margins (15.1%) are lower than last year (17.8%).


Past Earnings Growth Analysis

Earnings Trend: HR's earnings have grown by 0.01% per year over the past 5 years.

Accelerating Growth: HR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HR had negative earnings growth (-8%) over the past year, making it difficult to compare to the REITs industry average (69.5%).


Return on Equity

High ROE: HR's Return on Equity (3.8%) is considered low.


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Financial Health

How is Healthcare Realty Trust's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: HR's short term assets ($37.7M) do not cover its short term liabilities ($74.7M).

Long Term Liabilities: HR's short term assets ($37.7M) do not cover its long term liabilities ($2.1B).


Debt to Equity History and Analysis

Debt Level: HR's net debt to equity ratio (85.2%) is considered high.

Reducing Debt: HR's debt to equity ratio has increased from 77.3% to 86.2% over the past 5 years.

Debt Coverage: HR's debt is not well covered by operating cash flow (12.3%).

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


Balance Sheet


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Dividend

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

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.10%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: HR's dividend (5.1%) is higher than the bottom 25% of dividend payers in the US market (1.55%).

High Dividend: HR's dividend (5.1%) is in the top 25% of dividend payers in the US market (4.17%)


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 increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (75.1%), HR's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (144.8%), HR's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

5.5yrs

Average management tenure


CEO

Todd Meredith (47 yo)

5.58yrs

Tenure

US$3,243,826

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 ($USD3.24M) is below average for companies of similar size in the US market ($USD6.87M).

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


Leadership Team

Experienced Management: HR's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: HR's board of directors are considered experienced (5.2 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 been diluted in the past year, with total shares outstanding growing by 7%.


Top Shareholders

Company Information

Healthcare Realty Trust Incorporated's 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
  • Implied Market Cap: US$3.682b
  • Shares outstanding: 151.61m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/22 00:00
End of Day Share Price2022/07/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.