Healthcare Realty Trust Second Quarter Earnings Sneak Peek

Healthcare Realty Trust, Inc. (NYSE:HR) will unveil its latest earnings on Monday, August 8, 2011. Healthcare Realty Trust Inc. 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.

Healthcare Realty Trust, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 33 cents per share, a decline of 8.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 34 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 33 cents during the last month. For the year, analysts are projecting net income of $1.22 per share, a rise of 7% from last year.

Past Earnings Performance: For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported profit of 21 cents per share versus a mean estimate of net income of 26 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $72.7 million in revenue this quarter, a rise of 11.1% from the year ago quarter. Analysts are forecasting total revenue of $296.5 million for the year, a rise of 14.7% from last year’s revenue of $258.4 million.

Analyst Ratings: Analysts seem relatively indifferent about Healthcare Realty Trust with 10 of 16 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 12% to $72.8 million in first quarter. The figure rose 6.4% in the fourth quarter of the last fiscal year from the year earlier, climbed 1.5% in the third quarter of the last fiscal year from the year-ago quarter and 2.1% in the second quarter of the last fiscal year.

Competitors to Watch: LTC Properties, Inc. (NYSE:LTC), National Health Investors Inc (NYSE:NHI), Medical Properties Trust, Inc. (NYSE:MPW), Omega Healthcare Investors, Inc. (NYSE:OHI), HCP, Inc. (NYSE:HCP), Universal Health Realty Income Trust (NYSE:UHT), Health Care REIT, Inc. (NYSE:HCN), Senior Housing Properties Trust (NYSE:SNH), Ventas, Inc. (NYSE:VTR), and Nationwide Health Properties Inc. (NYSE:NHP).

Stock Price Performance: During May 6, 2011 to August 2, 2011, the stock price had fallen $3.98 (-17.9%) from $22.19 to $18.21. The stock price saw one of its best stretches over the last year between June 28, 2011 and July 8, 2011 when shares rose for eight-straight days, rising 4.1% (+84 cents) over that span. It saw one of its worst periods between March 9, 2011 and March 23, 2011 when shares fell for 11-straight days, falling 6.8% (-$1.59) over that span. Shares are down $2.38 (-11.6%) year to date.

(Source: Xignite Financials)

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