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

Healthcare Realty Trust Incorporated (NYSE:HR) declared a quarterly dividend on Thursday, February 12th. Shareholders of record on Tuesday, February 24th will be given a dividend of 0.24 per share by the real estate investment trust on Wednesday, March 11th. This represents a c) annualized dividend 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%annually over the last three years. 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. Research 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

Shares of NYSE HR opened at $17.51 on Friday. Healthcare Realty Trust has a fifty-two week low of $14.09 and a fifty-two week high of $18.97. The business has a fifty day moving average price of $17.03 and a two-hundred day moving average price of $17.44. The stock has a market capitalization of $6.16 billion, a PE ratio of -16.52 and a beta of 0.97.

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.