Reading HR? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track HR free→Reading HR? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track HR free→NYSEReal EstateReit - Healthcare FacilitiesSnapshot 2026-06-16
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
Recent financial performance is strong, but earnings quality cannot be assessed since the company was unprofitable over the past year. Management's recent track record has been fairly steady, though the capital stance is capital unfriendly. The sector backdrop is a headwind, and risk is low, with performance compared to sector peers being typical. Peer multiples imply a price about 32% below where it trades (it looks expensive on this basis); the read is fair, but weakening. This assessment is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 3 valuation methods, at three horizons. Current price $20.52. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $21 HR trades at 6× p/s, in line with its 6× p/s peer median. Our $18 fair value reflects that, medium confidence. Analysts: $18–$22. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The market is pricing in roughly 16% near-term growth, ahead of our forecast of about 2%. This describes what's priced in, not a forecast of the move.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
Only a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Real Estate names rated strong grew net income 57% of the time over the next year (vs 54% for the rest of the cohort, n=1506).
Over the trailing year it converted -2.26x of net income into operating cash flow.
Most sensitive to the broad stock market and real (inflation-adjusted) rates.
Not enough signal to read sensitivity to the US dollar, Fed net liquidity.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $-0.02 → $-0.03 (-10.0% / 30d). 0 raised, 0 cut, 2 covering analysts.
0 upgrades, 0 downgrades / 30d, 1 maintained. 27% of analysts rate Buy.
1 PT revisions / 30d. Avg target 7.3% above current price.
0 positive, 1 negative / 30d. See F4 management tile for the event list.
Divergence: fundamentals are strong but estimates are being cut. Worth reading the recent material events.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$87.
How much price usually moves either way.
On a bad day, this stock has moved -$186.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $1,230.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
The signal changed to mixed. Valuation fell.
as of 2026-06-16
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: This will show if the growth trend is weakening. Lower growth could signal issues with tenant retention or rental rates.
Confirms:Same Store Cash NOI growth reported below 3.75%.
Disproves:Same Store Cash NOI growth reported above 4.75%.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for HR yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
No upside scenarios in the latest snapshot.
No downside scenarios in the latest snapshot.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Entry Into a Material Definitive Agreement. On May 15, 2026, (the “Closing Date”), Healthcare Realty Trust Incorporated (the “Company”) and its operating partnership, Healthcare Realty Holdings, L.P. (the “Borrower”), entered into a Term Loan Agreement (the “Term Loan Agreement”), with Wells Fargo Bank, National Association, as Administrative Agent; Wells Fargo Securities, LLC, BofA Securities, Inc., Fifth Third Bank, National Association, JPMorgan Chase Bank, N.A., PNC Capital Markets LLC, R…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
$18.00 – $22.00 (median $21.00) · 7 analysts · as of 2026-06-12
Roughly priced in line with peers.
Self-history needs ~20 months of data.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Health Care REITs.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
HR Healthcare Realty Trust | Typical Show detailsSector percentile: 67 of 100 | full | low |
WELL Welltower | Typical Show detailsSector percentile: 58 of 100 | expensive | low |
VTR Ventas | Typical Show detailsSector percentile: 39 of 100 | expensive | moderate |
OHI Omega Healthcare Investors | Typical Show detailsSector percentile: 66 of 100 | expensive | moderate |
DOC Healthpeak Properties | Above typical Show detailsSector percentile: 79 of 100 | fair | moderate |
6 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Real Estate names rated neutral grew net income 57% of the time over the next year (vs 55% for the rest of the cohort, n=5004).
Not investment advice. As of 2026-06-16.
via XLRE
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-16.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on enhancing cash flow from operations to support financial stability.
Optimize capital allocation to enhance shareholder value and financial flexibility.
Continue to provide consistent dividend payouts to shareholders.
Why it matters: Earnings results will show if cash from operations is increasing as planned.
Confirms:Q2 earnings report shows cash from operations growth above 10% year over year.
Disproves:Q2 earnings report shows cash from operations growth below 0% year over year.
Why it matters: Closing this loan will help with cash flow. It shows the company is stable.
Confirms:The term loan closes successfully and funds are available for use.
Disproves:The term loan does not close or faces significant delays.
Why it matters: Maintaining the dividend payout shows commitment to shareholders. A cut could signal financial stress.
Confirms:The company maintains a dividend payout of at least $0.24 per share in Q2.
Disproves:The company reduces the dividend payout below $0.24 per share in Q2.
Why it matters: Keeping the dividend payout shows strong financial health. It also shows management's confidence.
Confirms:Management announces a dividend payout that is the same as or higher than before.
Disproves:Management cuts the dividend payout or suspends it.
Why it matters: Increased buybacks could signal confidence in the stock's value and improve earnings per share.
Confirms:Healthcare Realty plans share buybacks of more than $100 million.
Disproves:No new buybacks or buybacks under $100 million.
Why it matters: A lower ratio shows better financial health and may boost investor trust.
Confirms:Net debt to adjusted EBITDA ratio improves to below 5.4x.
Disproves:Net debt to adjusted EBITDA ratio worsens above 5.5x.
Why it matters: CPI data will affect interest rates. This will impact real estate investments and costs.
Confirms one read:CPI shows inflation below 2%. This eases pressure on interest rates.
Confirms the other:CPI shows inflation above 4%. This raises pressure on interest rates.
Why it matters: Updates will clarify how the company plans to manage its capital and debt.
Confirms one read:Management has a clear plan for using money. This plan improves the financial position.
Confirms the other:Management does not provide clear plans or shares a strategy that raises debt.
Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant. The information provided in
Entry into a Material Definitive Agreement Indenture and Notes On May 7, 2026, Healthcare Realty Holdings, L.P. (the “ Issuer ”), a subsidiary of Healthcare Realty Trust Incorporated (the “ Company ”), issued $700,000,000 aggregate principal amount of its 3.00% Exchangeable Senior Notes due 2032 (the “ Notes ”). The Notes were issued pursuant to, and are governed by, an indenture (the “ Indenture ”), dated as of May 7, 2026, among the Issuer, the Company and U.S. Bank Trust Company, National…
Results of Operations and Financial Condition. First Quarter Earnings and Dividend Press Release On April 30, 2026, Healthcare Realty Trust Incorporated (the “Company”) issued a press release announcing its earnings and dividend for the first quarter ended March 31, 2026. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety.
Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant. The disclosure set forth in