Healthcare Realty Trust (NYSE:HR) Sets New 1-Year High – Time to Buy?

Healthcare Realty Trust Incorporated (NYSE:HR)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $20.50 and last traded at $20.3770, with a volume of 48697 shares. The stock had previously closed at $20.37.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Cantor Fitzgerald boosted their target price on Healthcare Realty Trust from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Citigroup lifted their price objective on Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $21.00 price objective on shares of Healthcare Realty Trust in a research report on Thursday. Wall Street Zen raised Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Scotiabank lifted their price target on shares of Healthcare Realty Trust from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $20.25.

Healthcare Realty Trust Price Performance

The company has a market capitalization of $7.06 billion, a price-to-earnings ratio of -35.13 and a beta of 0.97. The firm has a 50-day moving average price of $18.24 and a two-hundred day moving average price of $17.77.

Healthcare Realty Trust (NYSE:HR) last announced its 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. The business had revenue of $275.28 million for the quarter, compared to analyst estimates of $283.01 million. Healthcare Realty Trust had a negative return on equity of 4.29% and a negative net margin of 17.34%.Healthcare Realty Trust’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 EPS. 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 1.61 EPS for the current year.

Healthcare Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 11th will be issued a $0.24 dividend. The ex-dividend date is Monday, May 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.7%. Healthcare Realty Trust’s dividend payout ratio (DPR) is -165.52%.

Insider Buying and Selling

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian bought 10,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average price of $18.09 per share, for a total transaction of $180,900.00. Following the completion of the acquisition, the director owned 85,520 shares of the company’s stock, valued at $1,547,056.80. This trade represents a 13.24% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Healthcare Realty Trust

Several hedge funds have recently modified their holdings of the stock. Wiser Advisor Group LLC acquired a new stake in shares of Healthcare Realty Trust in the third quarter valued at about $25,000. Smartleaf Asset Management LLC grew its stake in Healthcare Realty Trust by 179.7% in the third quarter. Smartleaf Asset Management LLC now owns 1,608 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,033 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in Healthcare Realty Trust in the third quarter valued at approximately $32,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Healthcare Realty Trust during the 4th quarter worth approximately $37,000. Finally, Main Street Group LTD acquired a new position in shares of Healthcare Realty Trust during the 1st quarter worth approximately $42,000.

Healthcare Realty Trust Company Profile

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.