Healthcare Realty Trust Inc. Third Quarter Earnings Sneak Peek

Healthcare Realty Trust, Inc. (NYSE:HR) will unveil its latest earnings on Tuesday, November 1, 2011. 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.

Healthcare Realty Trust, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 31 cents per share, a rise of 82.4% 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 33 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 32 cents during the last month. For the year, analysts are projecting net income of $1.16 per share, a rise of 1.8% from last year.

Past Earnings Performance: The company enters this earnings report having missed estimates the last four quarters. Last quarter, the company fell short of expectations by 2 cents, reporting profit of of 31 cents per share against a mean estimate of net income of 33 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $75.6 million in revenue this quarter, a rise of 16.1% from the year ago quarter. Analysts are forecasting total revenue of $299.1 million for the year, a rise of 15.8% from last year’s revenue of $258.4 million.

Analyst Ratings: Analysts seem relatively indifferent about Healthcare Realty Trust with 11 of 16 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit fell 68.9% to $2 million (3 cents a share) from $6.5 million (10 cents a share) the year earlier, missing analyst expectations. Revenue rose 10.1% to $73.5 million from $66.8 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 12% in the first quarter from the year earlier, climbed 6.4% in the fourth quarter of the last fiscal year from the year-ago quarter and 1.5% in the third 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 September 28, 2011 to October 26, 2011, the stock price had risen $1.38 (8.1%) from $16.95 to $18.33. The stock price saw one of its best stretches over the last year between March 23, 2011 and April 1, 2011 when shares rose for eight-straight days, rising 3.4% (+72 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 6.9% (-$1.57) over that span. Shares are down $1.90 (-9.4%) year to date.

(Source: Xignite Financials)

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