Healthcare Realty Trust (NYSE:HR) Hits New 1-Year High on Analyst Upgrade

Healthcare Realty Trust Incorporated (NYSE:HR) shares hit a new 52-week high on Thursday after Scotiabank raised their price target on the stock from $20.00 to $22.00. Scotiabank currently has an outperform rating on the stock. Healthcare Realty Trust traded as high as $20.46 and last traded at $20.26, with a volume of 9201779 shares changing hands. The stock had previously closed at $19.92.

A number of other equities analysts also recently weighed in on the company. Citigroup upped their target price on Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday. Wall Street Zen raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Cantor Fitzgerald upped their price target 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. Weiss Ratings downgraded shares of Healthcare Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday. Finally, UBS Group assumed coverage on shares of Healthcare Realty Trust in a research note on Monday, April 20th. They issued a “neutral” rating and a $18.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Healthcare Realty Trust presently has a consensus rating of “Hold” and an average target price of $19.75.

Insiders Place Their Bets

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average price of $18.09 per share, with a total value of $180,900.00. Following the completion of the transaction, the director owned 85,520 shares in the company, valued at $1,547,056.80. The trade was a 13.24% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Healthcare Realty Trust

Several hedge funds have recently bought and sold shares of the business. Allianz Asset Management GmbH grew its position in shares of Healthcare Realty Trust by 36.3% in the third quarter. Allianz Asset Management GmbH now owns 527,024 shares of the real estate investment trust’s stock valued at $9,502,000 after purchasing an additional 140,396 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Healthcare Realty Trust by 8.8% in the third quarter. Thrivent Financial for Lutherans now owns 5,018,021 shares of the real estate investment trust’s stock valued at $90,475,000 after purchasing an additional 404,855 shares during the last quarter. Liberty One Investment Management LLC grew its position in shares of Healthcare Realty Trust by 30.2% in the third quarter. Liberty One Investment Management LLC now owns 407,463 shares of the real estate investment trust’s stock valued at $7,347,000 after purchasing an additional 94,568 shares during the last quarter. Aberdeen Group plc grew its position in shares of Healthcare Realty Trust by 26.2% in the fourth quarter. Aberdeen Group plc now owns 391,201 shares of the real estate investment trust’s stock valued at $6,631,000 after purchasing an additional 81,273 shares during the last quarter. Finally, Cinctive Capital Management LP grew its position in shares of Healthcare Realty Trust by 258.9% in the third quarter. Cinctive Capital Management LP now owns 189,551 shares of the real estate investment trust’s stock valued at $3,418,000 after purchasing an additional 136,734 shares during the last quarter.

Healthcare Realty Trust Price Performance

The firm’s 50 day moving average price is $18.11 and its 200-day moving average price is $17.73. The firm has a market cap of $7.03 billion, a price-to-earnings ratio of -34.72 and a beta of 0.97.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $275.28 million for the quarter, compared to the consensus estimate of $283.01 million. Healthcare Realty Trust had a negative net margin of 17.34% and a negative return on equity of 4.29%. Healthcare Realty Trust’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the company posted $0.39 earnings per share. 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 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 11th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.96 dividend on an annualized basis and a yield of 4.8%. Healthcare Realty Trust’s dividend payout ratio (DPR) is -165.52%.

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.