Healthcare Realty Trust Incorporated Announces Quarterly Dividend of $0.24 (NYSE:HR)

Healthcare Realty Trust Incorporated (NYSE:HR) announced a quarterly dividend on Thursday, February 12th. Shareholders of record on Tuesday, February 24th will be paid a dividend of 0.24 per share by the real estate investment trust on Wednesday, March 11th. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Tuesday, February 24th.

Healthcare Realty Trust has decreased its dividend by an average of 0.0%per year over the last three years. Healthcare Realty Trust has a payout ratio of -309.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Healthcare Realty Trust to earn $1.63 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 58.9%.

Healthcare Realty Trust Price Performance

HR opened at $17.51 on Friday. The stock has a market capitalization of $6.16 billion, a P/E ratio of -16.52 and a beta of 0.97. The company’s 50 day simple moving average is $17.03 and its 200-day simple moving average is $17.44. Healthcare Realty Trust has a one year low of $14.09 and a one year high of $18.97.

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.