Healthcare Realty: Large Discount To Recent Dispositions/Replacement Cost [Seeking Alpha]
Healthcare Realty Trust Incorporated (HR)
Last healthcare realty trust incorporated earnings: 2/12 05:00 pm
Check Earnings Report
US:NYSE Investor Relations:
healthcarerealty.com/investor-relations
Company Research
Source: Seeking Alpha
Concerns about the sustainability of the dividend, but may not be as great as feared. The company's valuation is significantly discounted compared to recent transactions and replacement costs. Shares of Healthcare Realty ( NYSE: HR ) have been pummeled falling by 33% over the past year, massively underperforming the broader REIT market ( VNQ ) which is down just 2%. Shares of Healthcare Realty have stumbled as: 2024 NOI/FFO guidance came in below prior management guidance Concerns about the sustainability of the dividend, which is not fully covered by 2024 AFFO. While these are valid concerns, I believe both are more than reflected in the current share price. As I will show below, Healthcare Realty trades at a significant discount to recent transactions as well as replacement cost. Moreover, while the 2024 dividend is not fully covered, I estimate the dividend to be ~90% covered by AFFO, suggesting that the magnitude of any dividend cut might not be as great as the market s
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HR
News
- Healthcare Realty: An 8.9% Dividend Yield That Shouldn't Be Cut [Seeking Alpha]Seeking Alpha
- Healthcare Realty Trust Announces First Quarter Earnings Release Date and Conference CallGlobeNewswire
- Healthcare Realty: Financials Overshadow The Portfolio Advantages [Seeking Alpha]Seeking Alpha
- Healthcare Realty Trust Incorporated (NYSE: HR) had its price target lowered by analysts at Wells Fargo & Company from $18.00 to $15.00. They now have an "equal weight" rating on the stock.MarketBeat
- These 9%+ Real Estate Dividends Could Get A Fed Boost Soon [Forbes]Forbes
HR
Earnings
- 2/16/24 - Miss
HR
Sec Filings
- 4/9/24 - Form ARS
- 4/9/24 - Form DEFA14A
- 4/9/24 - Form DEF
- HR's page on the SEC website