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

Healthcare Realty Trust Incorporated (NYSE:HR) declared a quarterly dividend on Tuesday, October 29th, NASDAQ reports. Stockholders of record on Tuesday, November 12th will be paid a dividend of 0.31 per share by the real estate investment trust on Wednesday, November 27th. This represents a $1.24 annualized dividend and a dividend yield of 7.03%. The ex-dividend date of this dividend is Tuesday, November 12th.

Healthcare Realty Trust has increased its dividend payment by an average of 33.3% annually over the last three years. Healthcare Realty Trust has a payout ratio of -302.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Healthcare Realty Trust to earn $1.62 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 76.5%.

Healthcare Realty Trust Trading Down 2.8 %

Healthcare Realty Trust stock traded down $0.51 during trading on Wednesday, hitting $17.63. The company had a trading volume of 5,088,076 shares, compared to its average volume of 3,453,706. The company’s 50 day simple moving average is $17.90 and its 200-day simple moving average is $16.88. Healthcare Realty Trust has a 1-year low of $12.77 and a 1-year high of $18.90. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of -13.26 and a beta of 0.91.

Healthcare Realty Trust (NYSE:HR) last posted its earnings results on Friday, August 2nd. The real estate investment trust reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.77). The firm had revenue of $316.30 million for the quarter, compared to analyst estimates of $317.90 million. Healthcare Realty Trust had a negative return on equity of 8.50% and a negative net margin of 42.79%. Healthcare Realty Trust’s revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 EPS. As a group, analysts forecast that Healthcare Realty Trust will post 1.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Scotiabank boosted their target price on Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. Wells Fargo & Company restated an “underweight” rating and set a $17.00 target price (up from $16.00) on shares of Healthcare Realty Trust in a research note on Tuesday, October 1st. Finally, Wedbush boosted their price target on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $17.17.

Insider Activity at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian bought 9,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were acquired at an average cost of $17.39 per share, with a total value of $156,510.00. Following the acquisition, the director now directly owns 22,252 shares of the company’s stock, valued at $386,962.28. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director John Knox Singleton acquired 6,500 shares of Healthcare Realty Trust stock in a transaction on Thursday, September 5th. The stock was purchased at an average cost of $18.24 per share, with a total value of $118,560.00. Following the purchase, the director now directly owns 57,082 shares in the company, valued at approximately $1,041,175.68. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas N. Bohjalian acquired 9,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average price of $17.39 per share, for a total transaction of $156,510.00. Following the completion of the transaction, the director now owns 22,252 shares in the company, valued at $386,962.28. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 15,728 shares of company stock valued at $279,069 in the last three months. 0.56% of the stock is currently owned by company insiders.

About Healthcare Realty Trust

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.