Healthcare Realty Trust (NYSE:HR) Sets New 1-Year High – Here’s Why

Healthcare Realty Trust Incorporated (NYSE:HR)’s stock price hit a new 52-week high on Monday . The company traded as high as $21.47 and last traded at $21.3360, with a volume of 4993964 shares traded. The stock had previously closed at $21.32.

Wall Street Analyst Weigh In

Several research firms have issued reports on HR. Raymond James Financial assumed coverage on shares of Healthcare Realty Trust in a research note on Tuesday, June 16th. They set an “outperform” rating and a $24.00 target price on the stock. Royal Bank Of Canada boosted their price objective on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “sector perform” rating in a report on Thursday, May 14th. BTIG Research restated a “buy” rating and set a $22.00 price objective on shares of Healthcare Realty Trust in a research report on Friday, June 12th. Cantor Fitzgerald raised their target price on shares of Healthcare Realty Trust from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. raised their target price on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $21.67.

Healthcare Realty Trust Stock Up 0.9%

The company has a market cap of $7.43 billion, a P/E ratio of -36.97 and a beta of 0.98. The business has a fifty day simple moving average of $20.38 and a two-hundred day simple moving average of $18.71.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Healthcare Realty Trust had a negative return on equity of 4.29% and a negative net margin of 17.34%.The business had revenue of $275.28 million during the quarter, compared to the consensus estimate of $283.01 million. During the same period in the previous year, the company posted $0.39 EPS. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. Healthcare Realty Trust has set its FY 2026 guidance at 1.590-1.65 EPS. On average, equities analysts predict that Healthcare Realty Trust Incorporated will post 1.63 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 11th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.5%. The ex-dividend date was Monday, May 11th. Healthcare Realty Trust’s payout ratio is -165.52%.

Insider Buying and Selling

In other Healthcare Realty Trust news, CAO Amanda L. Callaway sold 25,767 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $20.37, for a total value of $524,873.79. Following the transaction, the chief accounting officer directly owned 109,954 shares in the company, valued at approximately $2,239,762.98. This trade represents a 18.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Healthcare Realty Trust

A number of hedge funds have recently modified their holdings of HR. Wiser Advisor Group LLC bought a new position in Healthcare Realty Trust in the 3rd quarter worth $25,000. Eurizon Capital SGR S.p.A. bought a new stake in Healthcare Realty Trust during the fourth quarter valued at about $37,000. Main Street Group LTD bought a new stake in Healthcare Realty Trust during the first quarter valued at about $42,000. Prosperity Bancshares Inc bought a new stake in Healthcare Realty Trust during the fourth quarter valued at about $42,000. Finally, Inspire Investing LLC purchased a new stake in Healthcare Realty Trust in the first quarter worth about $45,000.

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.