Healthcare Realty Trust Incorporated (HR) Plans Quarterly Dividend of $0.30
Healthcare Realty Trust Incorporated (NYSE:HR) announced a quarterly dividend on Tuesday, August 1st, NASDAQ reports. Stockholders of record on Friday, August 11th will be paid a dividend of 0.30 per share by the real estate investment trust on Thursday, August 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Wednesday, August 9th.
Healthcare Realty Trust has a dividend payout ratio of 74.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Healthcare Realty Trust to earn $1.73 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 69.4%.
Shares of Healthcare Realty Trust (HR) traded down 0.09% during midday trading on Friday, hitting $31.94. The stock had a trading volume of 1,637,585 shares. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 30.71 and a beta of 0.29. The stock’s 50 day moving average price is $33.45 and its 200 day moving average price is $32.65. Healthcare Realty Trust has a 12 month low of $26.66 and a 12 month high of $36.25.
Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by $0.01. Healthcare Realty Trust had a return on equity of 7.38% and a net margin of 28.98%. The company had revenue of $105.20 million during the quarter, compared to the consensus estimate of $105.67 million. During the same period last year, the business earned $0.42 EPS. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts forecast that Healthcare Realty Trust will post $0.74 EPS for the current fiscal year.
Several brokerages recently issued reports on HR. Stifel Nicolaus reissued a “buy” rating on shares of Healthcare Realty Trust in a research note on Friday, August 4th. Jefferies Group LLC reissued a “hold” rating and set a $34.00 target price (down previously from $36.00) on shares of Healthcare Realty Trust in a research note on Thursday. Zacks Investment Research downgraded Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. BidaskClub downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Cantor Fitzgerald lifted their target price on Healthcare Realty Trust from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, June 12th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $34.50.
In other Healthcare Realty Trust news, insider John M. Bryant, Jr. sold 7,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $33.51, for a total value of $234,570.00. Following the sale, the insider now owns 142,256 shares of the company’s stock, valued at approximately $4,766,998.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert E. Hull sold 1,744 shares of Healthcare Realty Trust stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $32.45, for a total value of $56,592.80. Following the completion of the sale, the executive vice president now directly owns 58,174 shares in the company, valued at approximately $1,887,746.30. The disclosure for this sale can be found here. Insiders own 1.85% of the company’s stock.
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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