Healthcare Realty Trust Incorporated (HR) To Go Ex-Dividend on November 10th

Healthcare Realty Trust Incorporated (NYSE:HR) announced a quarterly dividend on Thursday, October 29th. Investors of record on Tuesday, November 10th will be given a dividend of $0.24 per share by the real estate investment trust on Friday, November 20th. This represents a $0.96 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Tuesday, November 10th.

Healthcare Realty Trust has a dividend 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 research analysts expect Healthcare Realty Trust to earn $1.73 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 55.5%.

Healthcare Realty Trust Price Performance

Shares of NYSE:HR opened at $18.45 on Friday. The business’s 50-day moving average is $18.17 and its 200 day moving average is $18.81. Healthcare Realty Trust has a 1 year low of $16.31 and a 1 year high of $22.04. The firm has a market capitalization of $6.32 billion, a P/E ratio of -131.79 and a beta of 0.97.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.46). The company had revenue of $286.64 million during the quarter, compared to analysts’ expectations of $275.27 million. Healthcare Realty Trust had a negative return on equity of 1.00% and a negative net margin of 3.96%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. On average, analysts expect that Healthcare Realty Trust will post 1.65 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HR. Wells Fargo & Company lowered their price target on shares of Healthcare Realty Trust from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, October 19th. Royal Bank Of Canada raised their price target on shares of Healthcare Realty Trust from $21.00 to $22.00 and gave the company a “sector perform” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft raised shares of Healthcare Realty Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $18.00 to $23.00 in a report on Tuesday, October 20th. UBS Group decreased their price objective on shares of Healthcare Realty Trust from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, October 13th. Finally, JPMorgan Chase & Co. increased their target price on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $21.36.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust Incorporated (NYSE: HR) is a real estate investment trust focused on owning, managing, acquiring and developing outpatient healthcare properties. Its portfolio primarily includes medical office buildings, ambulatory surgery centers, outpatient facilities and other properties used by healthcare providers.

The company leases space to health systems, physician groups and other healthcare organizations, with properties generally located on or near hospital campuses and in growing outpatient care settings.