Healthcare Realty Trust Incorporated (NYSE:HR) to Issue Quarterly Dividend of $0.24

Healthcare Realty Trust Incorporated (NYSE:HR – Get Free Report) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.24 per share by the real estate investment trust on Friday, November 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, November 10th.

Healthcare Realty Trust has a payout ratio of -309.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Healthcare Realty Trust to earn $1.73 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 55.5%.

Healthcare Realty Trust Stock Up 3.4%

NYSE:HR opened at $18.13 on Friday. The business’s 50-day moving average price is $18.19 and its 200 day moving average price is $18.81. Healthcare Realty Trust has a 52-week low of $16.31 and a 52-week high of $22.04. The firm has a market cap of $6.21 billion, a P/E ratio of -69.74 and a beta of 0.97.

Healthcare Realty Trust (NYSE:HR – Get Free Report) last announced its earnings results on Thursday, October 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Healthcare Realty Trust had a negative return on equity of 1.91% and a negative net margin of 7.59%. The company had revenue of $286.64 million for the quarter, compared to analyst estimates of $275.27 million. During the same period in the previous year, the firm earned $0.41 earnings per share. Healthcare Realty Trust’s revenue for the quarter was down 3.4% compared to the same quarter last year. Sell-side analysts expect that Healthcare Realty Trust will post 1.65 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on HR shares. Cantor Fitzgerald lifted their target price on shares of Healthcare Realty Trust from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft raised Healthcare Realty Trust from a “hold” rating to a “buy” rating and boosted their price target for the company from $18.00 to $23.00 in a research note on Tuesday, October 20th. Jefferies Financial Group started coverage on shares of Healthcare Realty Trust in a research report on Tuesday, September 15th. They set a “hold” rating and a $20.00 price objective on the stock. JPMorgan Chase & Co. increased their price target on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada raised their price target on shares of Healthcare Realty Trust from $21.00 to $22.00 and gave the company a “sector perform” rating in a report on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.36.

Check Out Our Latest Analysis on HR

About Healthcare Realty Trust

(Get Free Report)

Healthcare Realty Trust Incorporated (NYSE: HR) is a real estate investment trust focused on owning, managing, acquiring and developing outpatient healthcare properties. Its portfolio primarily includes medical office buildings, ambulatory surgery centers, outpatient facilities and other properties used by healthcare providers.

The company leases space to health systems, physician groups and other healthcare organizations, with properties generally located on or near hospital campuses and in growing outpatient care settings.

Further Reading

Dividend History for Healthcare Realty Trust (NYSE:HR)

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