Healthcare Realty Trust Inc (NYSE:HR) declared a quarterly dividend on Tuesday, February 13th, Zacks reports. Stockholders of record on Friday, February 23rd will be given a dividend of 0.30 per share by the real estate investment trust on Tuesday, March 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend 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 decline. Research analysts expect Healthcare Realty Trust to earn $1.72 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 69.8%.
Healthcare Realty Trust (NYSE:HR) opened at $27.43 on Wednesday. The firm has a market cap of $3,501.54, a price-to-earnings ratio of 18.17, a PEG ratio of 4.25 and a beta of 0.20. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.09 and a current ratio of 0.09. Healthcare Realty Trust has a twelve month low of $27.37 and a twelve month high of $36.25.
Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The business had revenue of $107.70 million for the quarter, compared to the consensus estimate of $109.91 million. Healthcare Realty Trust had a net margin of 5.44% and a return on equity of 1.33%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 EPS. sell-side analysts forecast that Healthcare Realty Trust will post 1.65 earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on the stock. SunTrust Banks set a $30.00 price target on shares of Healthcare Realty Trust and gave the company a “hold” rating in a report on Thursday, February 15th. Cantor Fitzgerald restated a “buy” rating and set a $38.00 price target on shares of Healthcare Realty Trust in a report on Wednesday, February 14th. Zacks Investment Research upgraded shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Stifel Nicolaus restated a “buy” rating and set a $34.00 price target on shares of Healthcare Realty Trust in a report on Friday, November 3rd. Finally, BMO Capital Markets restated a “hold” rating and set a $32.00 price target on shares of Healthcare Realty Trust in a report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Healthcare Realty Trust presently has an average rating of “Hold” and a consensus target price of $32.13.
In related news, insider Todd J. Meredith sold 4,720 shares of Healthcare Realty Trust stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $32.77, for a total value of $154,674.40. Following the transaction, the insider now owns 414,981 shares in the company, valued at approximately $13,598,927.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John M. Bryant, Jr. sold 6,638 shares of Healthcare Realty Trust stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $32.38, for a total transaction of $214,938.44. Following the completion of the transaction, the executive vice president now owns 176,812 shares in the company, valued at approximately $5,725,172.56. The disclosure for this sale can be found here. Insiders sold a total of 16,847 shares of company stock worth $551,491 in the last quarter. Insiders own 1.85% of the company’s stock.
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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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