Healthcare Realty Trust Inc (NYSE:HR) announced a quarterly dividend on Tuesday, February 13th, Zacks reports. Investors of record on Friday, February 23rd will be paid a dividend of 0.30 per share by the real estate investment trust on Tuesday, March 6th. This represents a $1.20 annualized dividend and a yield of 4.37%. The ex-dividend date is Thursday, February 22nd.
Healthcare Realty Trust has a payout ratio of 77.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Healthcare Realty Trust to earn $1.71 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 70.2%.
Shares of Healthcare Realty Trust (HR) traded down $0.27 during mid-day trading on Thursday, reaching $27.48. 566,227 shares of the company traded hands, compared to its average volume of 979,295. Healthcare Realty Trust has a 52 week low of $26.27 and a 52 week high of $36.25. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $3,430.00, a PE ratio of 124.91, a P/E/G ratio of 4.16 and a beta of 0.30.
Healthcare Realty Trust (NYSE:HR) last issued its earnings results on Wednesday, February 14th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.01). Healthcare Realty Trust had a return on equity of 1.33% and a net margin of 5.44%. The company had revenue of $107.70 million during the quarter, compared to analysts’ expectations of $109.91 million. During the same quarter in the prior year, the business posted $0.41 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. analysts predict that Healthcare Realty Trust will post 1.64 EPS for the current year.
Several equities research analysts recently issued reports on HR shares. TheStreet cut shares of Healthcare Realty Trust from a “b” rating to a “c+” rating in a report on Thursday, November 9th. Cantor Fitzgerald reiterated a “buy” rating and set a $38.00 price target on shares of Healthcare Realty Trust in a research note on Wednesday, February 14th. Stifel Nicolaus dropped their price target on shares of Healthcare Realty Trust from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. BMO Capital Markets reiterated a “hold” rating and set a $32.00 price target on shares of Healthcare Realty Trust in a research note on Friday, February 16th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $34.00 price target on shares of Healthcare Realty Trust in a research note on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Healthcare Realty Trust presently has an average rating of “Hold” and an average price target of $31.50.
In other news, EVP Robert E. Hull sold 1,495 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $33.87, for a total transaction of $50,635.65. Following the sale, the executive vice president now directly owns 94,796 shares in the company, valued at approximately $3,210,740.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John M. Bryant, Jr. sold 6,638 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $32.38, for a total transaction of $214,938.44. Following the sale, the executive vice president now owns 176,812 shares in the company, valued at $5,725,172.56. The disclosure for this sale can be found here. Insiders have sold a total of 16,847 shares of company stock worth $551,491 in the last quarter. Corporate insiders own 1.85% of the company’s stock.
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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