Healthcare Realty Trust (NYSE:HR) Hits New 12-Month High – Should You Buy?

Healthcare Realty Trust Incorporated (NYSE:HR) shares reached a new 52-week high on Wednesday . The stock traded as high as $20.64 and last traded at $20.6220, with a volume of 207722 shares traded. The stock had previously closed at $20.38.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HR. Cantor Fitzgerald lifted their target price on shares of Healthcare Realty Trust from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Wells Fargo & Company lifted their target price on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Scotiabank boosted 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 note on Friday, May 8th. Citigroup boosted their price objective on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings cut shares of Healthcare Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $20.50.

Healthcare Realty Trust Price Performance

The firm’s 50 day moving average is $19.04 and its 200 day moving average is $18.04. The company has a market cap of $7.20 billion, a PE ratio of -35.87 and a beta of 0.98.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly 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 firm had revenue of $275.28 million during the quarter, compared to the consensus estimate of $283.01 million. Healthcare Realty Trust had a negative return on equity of 4.29% and a negative net margin of 17.34%.The company’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter last year, the company posted $0.39 EPS. Healthcare Realty Trust has set its FY 2026 guidance at 1.590-1.65 EPS. As a group, analysts anticipate that Healthcare Realty Trust Incorporated will post 1.61 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Monday, May 11th. Healthcare Realty Trust’s payout ratio is currently -165.52%.

Hedge Funds Weigh In On Healthcare Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its stake in Healthcare Realty Trust by 13.3% in the 1st quarter. Bank of America Corp DE now owns 2,208,965 shares of the real estate investment trust’s stock worth $37,530,000 after buying an additional 259,782 shares in the last quarter. Edgestream Partners L.P. purchased a new position in Healthcare Realty Trust in the 1st quarter worth approximately $6,490,000. Amundi grew its stake in Healthcare Realty Trust by 2.8% in the 1st quarter. Amundi now owns 191,204 shares of the real estate investment trust’s stock worth $3,249,000 after buying an additional 5,207 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Healthcare Realty Trust by 72.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,017 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 2,949 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in Healthcare Realty Trust by 24.6% in the 1st quarter. California State Teachers Retirement System now owns 396,973 shares of the real estate investment trust’s stock worth $6,745,000 after buying an additional 78,372 shares in the last quarter.

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.