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.
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Posted In: EarningsNewsGuidancePrice TargetMarketsAnalyst RatingsHealthcare Realty TrustMorgan Keegan
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