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

Healthcare Realty Trust Incorporated (NYSE:HR) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Tuesday, August 11th will be given a dividend of 0.24 per share by the real estate investment trust on Wednesday, August 26th. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, August 11th.

Healthcare Realty Trust has raised its dividend by an average of 0.0%annually over the last three years. Healthcare Realty Trust has a payout ratio of -309.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Healthcare Realty Trust to earn $1.68 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 57.1%.

Healthcare Realty Trust Stock Down 1.5%

Shares of NYSE HR opened at $21.48 on Friday. Healthcare Realty Trust has a 12 month low of $15.28 and a 12 month high of $22.04. The company has a market cap of $7.44 billion, a P/E ratio of -37.04 and a beta of 0.98. The business’s 50 day moving average is $20.54 and its two-hundred day moving average is $18.93.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. Healthcare Realty Trust had a negative return on equity of 4.29% and a negative net margin of 17.34%.The company had revenue of $275.28 million during the quarter, compared to analysts’ expectations of $283.01 million. During the same period in the prior year, the business earned $0.39 earnings per share. Healthcare Realty Trust’s revenue for the quarter was down 7.7% compared to the same quarter last year. Sell-side analysts expect that Healthcare Realty Trust will post 1.63 earnings per share for the current fiscal year.

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.