Healthcare Realty Trust Expected To Increase Property Acquisition Through 2010

Healthcare Realty Trust HR reported GAAP FFO of $0.36/share, $0.32 excluding nonrecurring items, compared to Morgan Keegan's estimated of $0.33. Healthcare Realty acquired no properties and sold only one in 1Q10, according to Morgan Keegan. Management expects the acquisition pace to pick up, approximately $150M is allocated for four transactions involving ten properties in the second half of 2010, Morgan Keegan reports. Morgan Keegan has lowered the price target for Healthcare Realty to $26.50 (from $26.75) and maintains its "outperform" rating. Healthcare Realty Trust closed yesterday at $24.08. Strong Buy Stocks That Have Tripled the Market. See them for free.
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Posted In: EarningsNewsGuidancePrice TargetMarketsAnalyst RatingsHealthcare Realty TrustMorgan Keegan
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