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

Healthcare Realty Trust Incorporated (NYSE:HR) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be given a dividend of 0.31 per share by the real estate investment trust on Wednesday, March 19th. This represents a $1.24 annualized dividend and a yield of 7.47%. The ex-dividend date of this dividend is Monday, March 3rd.

Healthcare Realty Trust has increased its dividend payment by an average of 10.5% annually over the last three years. Healthcare Realty Trust has a payout ratio of -344.4% indicating that 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

HR stock traded down $0.18 during trading hours 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 stock has a 50-day simple moving average of $16.68 and a 200 day simple moving average of $17.42. The stock has a market capitalization of $5.88 billion, a PE ratio of -10.50 and a beta of 0.94. Healthcare Realty Trust has a fifty-two week low of $12.77 and a fifty-two week high of $18.90.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The business 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%. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. On average, sell-side analysts forecast that Healthcare Realty Trust will post 1.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HR shares. Jefferies Financial Group cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their price target for the stock from $19.00 to $17.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. downgraded Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price target for the company. in a report on Friday, December 20th. Finally, Wedbush cut shares of Healthcare Realty Trust from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $18.00 to $16.00 in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, Healthcare Realty Trust has a consensus rating of “Hold” and an average price target of $17.00.

Insider Buying and Selling

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