Healthcare Realty Trust Incorporated Plans Quarterly Dividend of $0.31 (NYSE:HR)

Healthcare Realty Trust Incorporated (NYSE:HR) declared a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.31 per share by the real estate investment trust on Wednesday, March 19th. This represents a $1.24 dividend on an annualized basis and a yield of 7.47%. The ex-dividend date is Monday, March 3rd.

Healthcare Realty Trust has raised its dividend payment by an average of 10.5% annually over the last three years. Healthcare Realty Trust has a dividend payout ratio of -344.4% 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 $1.59 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 78.0%.

Healthcare Realty Trust Price Performance

Healthcare Realty Trust stock traded down $0.18 during mid-day trading on Thursday, reaching $16.60. The stock had a trading volume of 3,179,164 shares, compared to its average volume of 2,426,320. Healthcare Realty Trust has a one year low of $12.77 and a one year high of $18.90. The company has a 50-day moving average price of $16.68 and a two-hundred day moving average price of $17.42. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of -10.50 and a beta of 0.94.

Healthcare Realty Trust (NYSE:HR) last issued its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. Healthcare Realty Trust had a negative return on equity of 9.42% and a negative net margin of 45.63%. The business had revenue of $309.77 million during the quarter, compared to analyst estimates of $303.81 million. During the same quarter in the previous year, the firm earned $0.39 EPS. Healthcare Realty Trust’s revenue was down 6.3% on a year-over-year basis. On average, equities research analysts anticipate that Healthcare Realty Trust will post 1.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HR. JPMorgan Chase & Co. lowered Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 target price for the company. in a research report on Friday, December 20th. Wedbush reaffirmed an “outperform” rating and set a $16.00 price target on shares of Healthcare Realty Trust in a research report on Thursday. Finally, Jefferies Financial Group lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and reduced their price target for the company from $19.00 to $17.00 in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $17.00.

Insider Activity

In related news, Director Peter F. Sr Lyle, Sr. acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average cost of $17.21 per share, for a total transaction of $172,100.00. Following the purchase, the director now owns 26,576 shares in the company, valued at $457,372.96. The trade was a 60.33 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas N. Bohjalian acquired 7,750 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average price of $17.39 per share, with a total value of $134,772.50. Following the completion of the purchase, the director now owns 50,002 shares in the company, valued at $869,534.78. This trade represents a 18.34 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 18,750 shares of company stock valued at $323,723 in the last quarter. 0.56% of the stock is currently owned by insiders.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.