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. Stockholders 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 dividend yield of 5.0%. The ex-dividend date of this dividend is Tuesday, November 10th.

Healthcare Realty Trust has a dividend 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. Equities analysts expect Healthcare Realty Trust to earn $1.72 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 55.8%.

Healthcare Realty Trust Stock Performance

NYSE:HR opened at $19.19 on Friday. The stock’s 50-day simple moving average is $18.16 and its 200 day simple moving average is $18.86. The company has a market cap of $6.58 billion, a P/E ratio of -137.06 and a beta of 0.92. Healthcare Realty Trust has a 52-week low of $16.31 and a 52-week high of $22.04.

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 the consensus estimate of $0.41 by ($0.46). Healthcare Realty Trust had a negative return on equity of 1.02% and a negative net margin of 3.96%. The firm had revenue of $286.64 million for the quarter, compared to the consensus estimate of $275.27 million. During the same period last year, the company posted $0.41 earnings per share. The business’s revenue was down 3.4% compared to the same quarter last year. As a group, equities analysts predict that Healthcare Realty Trust will post 1.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HR has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Healthcare Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $18.00 to $23.00 in a research report on Tuesday, October 20th. UBS Group reduced their price target on Healthcare Realty Trust from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 13th. Jefferies Financial Group began coverage on Healthcare Realty Trust in a research report on Tuesday, September 15th. They set a “hold” rating and a $20.00 price target on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Healthcare Realty Trust in a research note on Wednesday, October 28th. Finally, Cantor Fitzgerald lifted their price objective on Healthcare Realty Trust from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.