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

Healthcare Realty Trust Incorporated (NYSE:HR) declared a quarterly dividend on Tuesday, April 30th, Wall Street Journal reports. Stockholders of record on Monday, May 13th will be paid a dividend of 0.31 per share by the real estate investment trust on Thursday, May 23rd. This represents a $1.24 annualized dividend and a dividend yield of 8.54%. The ex-dividend date is Friday, May 10th.

Healthcare Realty Trust has increased its dividend by an average of 33.3% annually over the last three years.

Healthcare Realty Trust Stock Up 2.0 %

Shares of HR opened at $14.52 on Thursday. Healthcare Realty Trust has a twelve month low of $12.77 and a twelve month high of $20.32. The company has a 50 day moving average of $13.77 and a 200-day moving average of $15.06.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.51). Healthcare Realty Trust had a negative net margin of 20.71% and a negative return on equity of 3.87%. The firm had revenue of $330.40 million during the quarter, compared to the consensus estimate of $334.32 million. During the same period in the prior year, the business posted $0.42 earnings per share. Healthcare Realty Trust’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, sell-side analysts predict that Healthcare Realty Trust will post 1.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HR. Wedbush downgraded Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and cut their price target for the company from $19.00 to $15.00 in a report on Tuesday, February 20th. JPMorgan Chase & Co. cut their price target on Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Stifel Nicolaus downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their price target for the company from $19.00 to $15.00 in a report on Tuesday, February 20th. Wells Fargo & Company cut their price target on Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Healthcare Realty Trust in a report on Tuesday, January 30th. They set a “hold” rating and a $18.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $17.20.

About Healthcare Realty Trust

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.