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

Healthcare Realty Trust Incorporated (NYSE:HR) declared a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Shareholders 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 is Monday, March 3rd.

Healthcare Realty Trust has increased its dividend by an average of 10.5% annually over the last three years. Healthcare Realty Trust has a 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. Analysts expect Healthcare Realty Trust to earn $1.63 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 76.1%.

Healthcare Realty Trust Stock Performance

Shares of Healthcare Realty Trust stock opened at $16.60 on Friday. Healthcare Realty Trust has a 1-year low of $12.77 and a 1-year high of $18.90. The business has a 50-day moving average of $16.67 and a 200-day moving average of $17.41.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The firm had revenue of $309.77 million during the quarter, compared to analyst estimates of $303.81 million. During the same quarter last year, the firm earned $0.39 EPS. Healthcare Realty Trust’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, analysts predict that Healthcare Realty Trust will post 1.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on HR. JPMorgan Chase & Co. lowered shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price target for the company. in a research note on Friday, December 20th. Jefferies Financial Group cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and dropped their price target for the company from $19.00 to $17.00 in a report on Thursday, January 2nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $16.00 price objective on shares of Healthcare Realty Trust in a research note on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.40.

Insider Activity at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Peter F. Sr Lyle, Sr. bought 10,000 shares of the stock in a transaction on Friday, December 13th. The stock was purchased at an average price of $17.21 per share, with a total value of $172,100.00. Following the acquisition, the director now owns 26,576 shares of the company’s stock, valued at approximately $457,372.96. The trade was a 60.33 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.56% of the stock is owned by 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.