Healthcare Realty Trust Inc. (NYSE:HR) reported its results for the first quarter. Healthcare Realty Trust is a real estate investment trust which integrates owning, acquiring, managing and developing income-producing real estate properties associated with delivery of outpatient healthcare services throughout the United States.
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Healthcare Realty Earnings Cheat Sheet for the First Quarter
Results: The company’s funds from operations (FFO) rose 57.1% from the year-earlier quarter to 33 cents. FFO, a measure of performance of a real estate investment trust (REIT), removes the profit-reducing effect that depreciation has on earnings. It come in ahead of the consensus estimate of 31 cents per share. FFO, a measure of performance of a real estate investment trust (REIT), removes the profit-reducing effect that depreciation has on earnings.
Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the second quarter has moved down from 33 cents a share to 32 cents over the last ninety days. The average estimate for the fiscal year has seen a bump from $1.29 per share sixty days ago to $1.30.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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