Healthcare Realty Trust Inc Announces Quarterly Dividend of $0.30 (hr)
Healthcare Realty Trust Inc (NYSE:hr) announced a quarterly dividend on Tuesday, May 2nd. Shareholders of record on Tuesday, May 16th will be paid a dividend of 0.30 per share by the real estate investment trust on Wednesday, May 31st. This represents a $1.20 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Friday, May 12th.
Healthcare Realty Trust has a dividend payout ratio of 73.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Healthcare Realty Trust to earn $0.53 per share next year, which means the company may not be able to cover its $1.20 annual dividend with an expected future payout ratio of 226.4%.
Shares of Healthcare Realty Trust (NYSE:HR) traded down 1.40% during mid-day trading on Friday, reaching $33.09. The company’s stock had a trading volume of 510,072 shares. The firm has a market cap of $3.86 billion, a PE ratio of 34.43 and a beta of 0.27. Healthcare Realty Trust has a 12 month low of $26.66 and a 12 month high of $36.60. The company has a 50-day moving average of $32.97 and a 200-day moving average of $31.09.
Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.01. Healthcare Realty Trust had a return on equity of 3.81% and a net margin of 12.79%. The company had revenue of $104.57 million for the quarter, compared to the consensus estimate of $106.03 million. During the same quarter last year, the business earned $0.41 earnings per share. On average, analysts predict that Healthcare Realty Trust will post $0.64 earnings per share for the current year.
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HR has been the subject of several recent analyst reports. Cantor Fitzgerald raised Healthcare Realty Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, January 31st. Zacks Investment Research raised Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, March 14th. BMO Capital Markets raised Healthcare Realty Trust from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $31.00 to $33.00 in a research note on Wednesday, March 15th. Jefferies Group LLC reaffirmed a “buy” rating and set a $36.00 target price on shares of Healthcare Realty Trust in a research note on Friday, May 12th. Finally, Stifel Nicolaus decreased their target price on Healthcare Realty Trust from $34.00 to $33.00 and set a “buy” rating for the company in a research note on Tuesday, May 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Healthcare Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $33.33.
In related news, Director Bruce D. Sullivan sold 3,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $32.28, for a total transaction of $96,840.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Knox Singleton bought 15,773 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The shares were bought at an average cost of $31.86 per share, for a total transaction of $502,527.78. Following the transaction, the director now owns 12,498 shares of the company’s stock, valued at $398,186.28. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 32,129 shares of company stock worth $1,045,827. 1.65% of the stock is owned by insiders.
Healthcare Realty Trust Company Profile
Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust. The Company owns, leases, manages, acquires, finances, develops and redevelops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States.
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