Stifel Nicolaus Reiterates Hold on Healthcare Realty Trust

Stifel Nicolaus maintains its Hold rating on Health Realty Trust HR as it introduces 2013 estimates showing 11.7% FFO, 13.4% FAD per share growth. Stifel Nicolaus says, "We are introducing 2013 FFO and FAD per share estimates of $1.43 and $1.35, respectively, indicating 11.7% FFO per share and 13.4% FAD per share growth. We see growth accelerating at HR as properties under development with higher levels of preleasing make a greater contribution to earnings as they are completed and HR continues to post slow Morning Research Summary December 23, 2011 progress on filling more speculative properties opened during the recession. Future earnings remain highly dependent upon the completion and fill up of recently completed and ongoing development projects." HR closed at $18.46 per share on Thursday.