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

Healthcare Realty Trust Incorporated (NYSE:HR) declared a quarterly dividend on Tuesday, April 30th, Wall Street Journal reports. Stockholders 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 dividend 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% per year over the last three years.

Healthcare Realty Trust Trading Down 0.6 %

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

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings data on Friday, February 16th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.51). The company had revenue of $330.40 million during the quarter, compared to analysts’ expectations of $334.32 million. Healthcare Realty Trust had a negative return on equity of 3.87% and a negative net margin of 20.71%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 EPS. Equities research analysts forecast that Healthcare Realty Trust will post 1.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HR. Stifel Nicolaus cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their target price for the stock from $19.00 to $15.00 in a research note on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft began coverage on Healthcare Realty Trust in a research note on Tuesday, January 30th. They issued a “hold” rating and a $18.00 target price on the stock. JPMorgan Chase & Co. cut their target price on Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 6th. Wells Fargo & Company cut their target price on Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. Finally, Wedbush raised their target price on Healthcare Realty Trust from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $17.30.

About Healthcare Realty Trust

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.