Healthcare Realty Trust (NYSE:HR) Reaches New 12-Month High – Still a Buy?

Healthcare Realty Trust Incorporated (NYSE:HR) shares reached a new 52-week high during trading on Monday . The company traded as high as $20.94 and last traded at $20.8490, with a volume of 146714 shares trading hands. The stock had previously closed at $20.69.

Analyst Ratings Changes

HR has been the topic of a number of recent research reports. Citigroup upped their price objective on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. UBS Group lifted their price objective on Healthcare Realty Trust from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Wells Fargo & Company boosted their target price on Healthcare Realty Trust from $19.00 to $21.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Royal Bank Of Canada increased their target price on Healthcare Realty Trust from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 14th. Finally, BTIG Research restated a “buy” rating and set a $22.00 price target on shares of Healthcare Realty Trust in a report on Friday, June 12th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.67.

Healthcare Realty Trust Price Performance

The business’s 50 day moving average price is $20.27 and its 200 day moving average price is $18.57. The stock has a market capitalization of $7.24 billion, a P/E ratio of -36.01 and a beta of 0.98.

Healthcare Realty Trust (NYSE:HR) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $275.28 million during the quarter, compared to analyst estimates of $283.01 million. Healthcare Realty Trust had a negative net margin of 17.34% and a negative return on equity of 4.29%. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. Healthcare Realty Trust has set its FY 2026 guidance at 1.590-1.65 EPS. As a group, analysts forecast that Healthcare Realty Trust Incorporated will post 1.63 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 11th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, May 11th. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -165.52%.

Insider Activity at Healthcare Realty Trust

In other news, CAO Amanda L. Callaway sold 25,767 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $20.37, for a total value of $524,873.79. Following the transaction, the chief accounting officer owned 109,954 shares in the company, valued at $2,239,762.98. This represents a 18.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is owned by insiders.

Institutional Trading of Healthcare Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cohen & Steers Inc. boosted its stake in shares of Healthcare Realty Trust by 1.3% during the 4th quarter. Cohen & Steers Inc. now owns 56,305,460 shares of the real estate investment trust’s stock worth $954,424,000 after acquiring an additional 744,729 shares during the last quarter. Rush Island Management LP raised its holdings in Healthcare Realty Trust by 13.8% in the 2nd quarter. Rush Island Management LP now owns 14,260,152 shares of the real estate investment trust’s stock worth $226,166,000 after purchasing an additional 1,728,491 shares during the period. Resolution Capital Ltd raised its holdings in Healthcare Realty Trust by 72.4% in the 1st quarter. Resolution Capital Ltd now owns 14,034,367 shares of the real estate investment trust’s stock worth $238,444,000 after purchasing an additional 5,892,501 shares during the period. APG Asset Management US Inc. lifted its position in Healthcare Realty Trust by 2.5% during the fourth quarter. APG Asset Management US Inc. now owns 12,391,772 shares of the real estate investment trust’s stock valued at $210,041,000 after purchasing an additional 305,099 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Healthcare Realty Trust by 233.8% during the third quarter. Invesco Ltd. now owns 7,700,760 shares of the real estate investment trust’s stock valued at $138,845,000 after purchasing an additional 5,393,651 shares in the last quarter.

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.