Healthcare Realty Trust Incorporated (HR - Free Report) has announced the pricing of its public offering of 8 million newly issued common shares. This is likely to generate gross proceeds of $268 million for this Nashville, TN-based healthcare real estate investment trust (“REIT”).
Subject to the fulfillment of certain customary closing conditions, this offering is likely to happen on or around Jul 5, 2016. The company aims at using the proceeds for general corporate purposes which matches its primary focus of building outpatient facilities through acquisition and development. Also, the company intends to use the proceeds for lowering its indebtedness under unsecured credit facility and for mortgage debt repayment.
Healthcare Realty Trust primarily focuses on outpatient related facilities that are strategically located in or near the campuses of large acute care hospitals and is associated with leading health systems. In fact, around 84% of total medical office buildings (“MOBs”) are located on or adjacent to hospital campuses, benefitting both physicians and patients. In addition, MOBs also have shorter lease terms, which allow rollover rent increases that enhance internal revenue growth.
Healthcare Realty Trust presently has a Zacks Rank #3 (Hold).
However, investors interested in the REIT sector can consider stocks like Apple Hospitality REIT, Inc. (APLE - Free Report) , Sotherly Hotels Inc. (SOHO - Free Report) and W. P. Carey Inc. (WPC - Free Report) , each sporting a Zacks Rank #1 (Strong Buy).
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Healthcare Realty Trust Incorporated (HR - Free Report) has announced the pricing of its public offering of 8 million newly issued common shares. This is likely to generate gross proceeds of $268 million for this Nashville, TN-based healthcare real estate investment trust (“REIT”).
Subject to the fulfillment of certain customary closing conditions, this offering is likely to happen on or around Jul 5, 2016. The company aims at using the proceeds for general corporate purposes which matches its primary focus of building outpatient facilities through acquisition and development. Also, the company intends to use the proceeds for lowering its indebtedness under unsecured credit facility and for mortgage debt repayment.
Healthcare Realty Trust primarily focuses on outpatient related facilities that are strategically located in or near the campuses of large acute care hospitals and is associated with leading health systems. In fact, around 84% of total medical office buildings (“MOBs”) are located on or adjacent to hospital campuses, benefitting both physicians and patients. In addition, MOBs also have shorter lease terms, which allow rollover rent increases that enhance internal revenue growth.
Healthcare Realty Trust presently has a Zacks Rank #3 (Hold).
However, investors interested in the REIT sector can consider stocks like Apple Hospitality REIT, Inc. (APLE - Free Report) , Sotherly Hotels Inc. (SOHO - Free Report) and W. P. Carey Inc. (WPC - Free Report) , each sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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