Healthcare Realty Trust (NYSE:HR) Hits New 12-Month High – What’s Next?

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HR. Citigroup boosted their target price on Healthcare Realty Trust from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings lowered Healthcare Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. UBS Group lifted their price target on Healthcare Realty Trust from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Scotiabank boosted their price objective on Healthcare Realty Trust from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, Cantor Fitzgerald upped their price objective on shares of Healthcare Realty Trust from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.25.

Healthcare Realty Trust Stock Performance

The firm’s 50 day simple moving average is $18.60 and its 200-day simple moving average is $17.92. The company has a market capitalization of $7.08 billion, a price-to-earnings ratio of -35.18 and a beta of 0.97.

Healthcare Realty Trust (NYSE:HR) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $275.28 million during the quarter, compared to analysts’ expectations 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 was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 earnings per share. Healthcare Realty Trust has set its FY 2026 guidance at 1.590-1.65 EPS. As a group, equities analysts anticipate that Healthcare Realty Trust Incorporated will post 1.61 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 11th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Monday, May 11th. Healthcare Realty Trust’s payout ratio is -165.52%.

Insider Buying and Selling at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian bought 10,000 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were bought at an average price of $18.09 per share, for a total transaction of $180,900.00. Following the acquisition, the director directly owned 85,520 shares of the company’s stock, valued at approximately $1,547,056.80. This trade represents a 13.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wiser Advisor Group LLC purchased a new stake in Healthcare Realty Trust in the 3rd quarter worth approximately $25,000. Smartleaf Asset Management LLC grew 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 purchased 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 in the fourth quarter worth $37,000. Finally, Main Street Group LTD acquired a new position in shares of Healthcare Realty Trust in the first quarter worth $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.