Healthcare Realty Trust Incorporated Plans Quarterly Dividend of $0.24 (NYSE:HR)

Healthcare Realty Trust Incorporated (NYSE:HR) declared a quarterly dividend on Thursday, April 30th. Stockholders of record on Monday, May 11th will be paid a dividend of 0.24 per share by the real estate investment trust on Friday, May 22nd. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, May 11th.

Healthcare Realty Trust has raised its dividend by an average of 0.0%per year over the last three years. Healthcare Realty Trust has a payout ratio of -309.7% 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 $1.65 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 58.2%.

Healthcare Realty Trust Trading Up 3.1%

Shares of NYSE HR opened at $19.28 on Friday. Healthcare Realty Trust has a 12-month low of $14.09 and a 12-month high of $18.97. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of -27.09 and a beta of 0.97. The firm has a 50 day moving average of $18.00 and a 200 day moving average of $17.70.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Healthcare Realty Trust had a negative return on equity of 5.07% and a negative net margin of 20.84%.The firm had revenue of $275.28 million for the quarter, compared to analysts’ expectations of $283.01 million. During the same period in the previous year, the firm earned $0.39 EPS. The business’s quarterly revenue was down 7.7% on a year-over-year basis. Healthcare Realty Trust has set its FY 2026 guidance at 1.590-1.65 EPS. Sell-side analysts predict that Healthcare Realty Trust will post 1.61 EPS for the current year.

Insider Buying and Selling

In other news, Director Thomas N. Bohjalian purchased 10,000 shares of the company’s stock in a transaction on Friday, March 6th. The shares were acquired at an average price of $18.09 per share, for a total transaction of $180,900.00. Following the purchase, the director owned 85,520 shares in the company, valued at $1,547,056.80. This trade represents a 13.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Institutional Trading of Healthcare Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wiser Advisor Group LLC purchased a new stake in Healthcare Realty Trust in the third quarter valued at $25,000. Smartleaf Asset Management LLC grew its holdings in Healthcare Realty Trust by 179.7% during the third quarter. Smartleaf Asset Management LLC now owns 1,608 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,033 shares during the period. Atlantic Union Bankshares Corp purchased a new position in Healthcare Realty Trust during the third quarter valued at approximately $32,000. Eurizon Capital SGR S.p.A. acquired a new position in Healthcare Realty Trust in the fourth quarter valued at approximately $37,000. Finally, Prosperity Bancshares Inc purchased a new stake in Healthcare Realty Trust in the 4th quarter worth approximately $42,000.

About Healthcare Realty Trust

Healthcare Realty Trust (NYSE: HR) is a real estate investment trust specializing in the ownership, acquisition and management of outpatient medical facilities. Headquartered in Nashville, Tennessee, the company’s portfolio is focused primarily on medical office buildings and outpatient healthcare properties that serve hospitals, health systems and other healthcare providers. Its business model centers on securing long-term, triple-net leases to generate stable income streams from a diversified tenant base.

The company’s properties are located across key metropolitan markets in the United States, including major healthcare hubs in the Southeast, Southwest and in select coastal regions.