Healthcare Realty Trust (NYSE:HR) Hits New 1-Year High – Still a Buy?

Healthcare Realty Trust Incorporated (NYSE:HR)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $20.61 and last traded at $20.4650, with a volume of 46070 shares trading hands. The stock had previously closed at $20.56.

Analysts Set New Price Targets

Several brokerages have issued reports on HR. Cantor Fitzgerald raised their price objective on Healthcare Realty Trust from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Scotiabank raised their price objective on shares of Healthcare Realty Trust from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Weiss Ratings downgraded shares of Healthcare Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Wall Street Zen raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Citigroup increased their target price on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.25.

Healthcare Realty Trust Trading Down 0.5%

The stock’s 50 day moving average price is $18.68 and its two-hundred day moving average price is $17.95. The firm has a market capitalization of $6.97 billion, a PE ratio of -34.66 and a beta of 0.97.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Healthcare Realty Trust had a negative net margin of 17.34% and a negative return on equity of 4.29%. The business had revenue of $275.28 million during the quarter, compared to analysts’ expectations of $283.01 million. During the same period last year, the company posted $0.39 EPS. The company’s revenue was down 7.7% on a year-over-year basis. Healthcare Realty Trust has set its FY 2026 guidance at 1.590-1.65 EPS. Analysts expect that Healthcare Realty Trust Incorporated will post 1.61 earnings per share for the current year.

Healthcare Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 11th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Monday, May 11th. Healthcare Realty Trust’s payout ratio is presently -165.52%.

Insider Buying and Selling

In other news, Director Thomas N. Bohjalian bought 10,000 shares of the stock in a transaction on Friday, March 6th. The stock was purchased at an average cost of $18.09 per share, with a total value of $180,900.00. Following the purchase, the director owned 85,520 shares of the company’s stock, valued at approximately $1,547,056.80. The trade was a 13.24% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.56% of the company’s stock.

Institutional Trading of Healthcare Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of HR. Wiser Advisor Group LLC acquired a new position in shares of Healthcare Realty Trust in the 3rd quarter valued at $25,000. Smartleaf Asset Management LLC lifted its holdings in shares of Healthcare Realty Trust by 179.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,608 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,033 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Healthcare Realty Trust during the 3rd quarter valued at $32,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Healthcare Realty Trust during the 4th quarter valued at $37,000. Finally, Main Street Group LTD acquired a new position in Healthcare Realty Trust in the 1st quarter worth $42,000.

About Healthcare Realty Trust

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.