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

Healthcare Realty Trust Incorporated (NYSE:HR) announced a quarterly dividend on Tuesday, April 30th, Wall Street Journal reports. Investors of record on Monday, May 13th will be given a dividend of 0.31 per share by the real estate investment trust on Thursday, May 23rd. This represents a $1.24 annualized dividend and a yield of 8.10%. The ex-dividend date is Friday, May 10th.

Healthcare Realty Trust has increased its dividend by an average of 33.3% annually over the last three years.

Healthcare Realty Trust Stock Down 0.6 %

Shares of Healthcare Realty Trust stock opened at $15.32 on Thursday. Healthcare Realty Trust has a 12-month low of $12.77 and a 12-month high of $20.30. The business’s 50 day moving average is $13.95 and its 200-day moving average is $15.06. The stock has a market cap of $5.84 billion, a P/E ratio of -20.70 and a beta of 0.78.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.51). Healthcare Realty Trust had a negative net margin of 20.71% and a negative return on equity of 3.87%. The firm had revenue of $330.40 million during the quarter, compared to analyst estimates of $334.32 million. During the same quarter in the prior year, the business earned $0.42 EPS. The business’s revenue was down 2.2% compared to the same quarter last year. On average, sell-side analysts expect that Healthcare Realty Trust will post 1.56 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on HR shares. Wells Fargo & Company reduced their price target on Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. Wedbush lifted their price target on Healthcare Realty Trust from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday. Stifel Nicolaus cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and reduced their price target for the stock from $19.00 to $15.00 in a report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Healthcare Realty Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $18.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their price objective on shares of Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $17.30.

Healthcare Realty Trust Company Profile

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.