Healthcare Realty Trust Incorporated (NYSE:HR – Get Rating) declared a quarterly dividend on Tuesday, May 3rd, Zacks reports. Investors of record on Monday, May 16th will be given a dividend of 0.31 per share by the real estate investment trust on Friday, May 27th. This represents a $1.24 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend is Friday, May 13th.
Healthcare Realty Trust has raised its dividend payment by an average of 0.3% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Healthcare Realty Trust has a payout ratio of 326.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Healthcare Realty Trust to earn $1.82 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 68.1%.
HR stock opened at $30.14 on Wednesday. The firm has a 50 day simple moving average of $27.92 and a two-hundred day simple moving average of $30.19. The stock has a market cap of $4.57 billion, a PE ratio of 53.82 and a beta of 0.61. Healthcare Realty Trust has a one year low of $25.60 and a one year high of $33.77. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.33 and a quick ratio of 0.15.
HR has been the subject of a number of recent research reports. StockNews.com began coverage on Healthcare Realty Trust in a research note on Thursday, March 31st. They issued a “sell” rating for the company. Barclays started coverage on Healthcare Realty Trust in a research report on Tuesday, April 26th. They issued an “overweight” rating and a $33.00 price objective for the company. Zacks Investment Research upgraded shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, April 19th. Berenberg Bank lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their price target for the company from $35.00 to $32.00 in a report on Tuesday. Finally, Credit Suisse Group started coverage on shares of Healthcare Realty Trust in a report on Tuesday, February 1st. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $33.40.
Several hedge funds have recently added to or reduced their stakes in HR. MetLife Investment Management LLC increased its holdings in shares of Healthcare Realty Trust by 1.3% during the fourth quarter. MetLife Investment Management LLC now owns 123,820 shares of the real estate investment trust’s stock valued at $3,918,000 after acquiring an additional 1,586 shares in the last quarter. Advisor Group Holdings Inc. raised its holdings in Healthcare Realty Trust by 20.7% in the first quarter. Advisor Group Holdings Inc. now owns 9,544 shares of the real estate investment trust’s stock worth $263,000 after buying an additional 1,640 shares during the last quarter. Comerica Bank raised its holdings in Healthcare Realty Trust by 2.6% in the fourth quarter. Comerica Bank now owns 67,726 shares of the real estate investment trust’s stock worth $2,141,000 after buying an additional 1,720 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Healthcare Realty Trust by 1.8% in the fourth quarter. Amalgamated Bank now owns 98,089 shares of the real estate investment trust’s stock worth $3,104,000 after buying an additional 1,721 shares in the last quarter. Finally, CIBC World Markets Inc. grew its holdings in shares of Healthcare Realty Trust by 34.9% during the fourth quarter. CIBC World Markets Inc. now owns 10,222 shares of the real estate investment trust’s stock valued at $323,000 after buying an additional 2,646 shares during the last quarter. Hedge funds and other institutional investors own 96.65% of the company’s stock.
About Healthcare Realty Trust (Get Rating)
Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of September 30, 2020, the Company owned 211 real estate properties in 24 states totaling 15.5 million square feet and was valued at approximately $5.5 billion.
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