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

Healthcare Realty Trust Incorporated (NYSE:HR) announced a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Stockholders 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 dividend yield of 7.47%. The ex-dividend date of this dividend is Monday, March 3rd.

Healthcare Realty Trust has increased its dividend by an average of 10.5% per year 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. 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 Trading Down 1.0 %

Shares of Healthcare Realty Trust stock traded down $0.18 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. The business’s 50 day moving average is $16.68 and its two-hundred day moving average is $17.42. The company has a market cap of $5.88 billion, a P/E ratio of -10.50 and a beta of 0.94. Healthcare Realty Trust has a 1 year low of $12.77 and a 1 year high of $18.90.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

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

About Healthcare Realty Trust

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.