Healthcare Realty Trust (NYSE:HR) Reaches New 52-Week High – Time to Buy?

Healthcare Realty Trust Incorporated (NYSE:HR) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $20.61 and last traded at $20.4650, with a volume of 46070 shares trading hands. The stock had previously closed at $20.56.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HR. Wall Street Zen raised Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Citigroup lifted their price target on Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. UBS Group boosted their price target on Healthcare Realty Trust from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Scotiabank increased their price objective on Healthcare Realty Trust from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, Weiss Ratings lowered shares of Healthcare Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $20.25.

Healthcare Realty Trust Price Performance

The company has a fifty day simple moving average of $18.60 and a two-hundred day simple moving average of $17.92. The company has a market capitalization of $7.08 billion, a P/E ratio of -35.18 and a beta of 0.97.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $275.28 million during the quarter, compared to analysts’ expectations of $283.01 million. Healthcare Realty Trust had a negative return on equity of 4.29% and a negative net margin of 17.34%.The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share. Healthcare Realty Trust has set its FY 2026 guidance at 1.590-1.65 EPS. Equities analysts anticipate that Healthcare Realty Trust Incorporated will post 1.61 earnings per share for the current year.

Healthcare Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 11th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.7%. The ex-dividend date was Monday, May 11th. Healthcare Realty Trust’s payout ratio is -165.52%.

Insider Buying and Selling

In related news, Director Thomas N. Bohjalian purchased 10,000 shares of the stock in a transaction on Friday, March 6th. The shares were bought at an average price of $18.09 per share, for a total transaction of $180,900.00. Following the completion of the acquisition, the director directly owned 85,520 shares in the company, valued at approximately $1,547,056.80. This trade represents a 13.24% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is currently owned by company insiders.

Institutional Trading of Healthcare Realty Trust

Several large investors have recently modified their holdings of the company. Allianz Asset Management GmbH increased its stake in shares of Healthcare Realty Trust by 36.3% in the third quarter. Allianz Asset Management GmbH now owns 527,024 shares of the real estate investment trust’s stock worth $9,502,000 after purchasing an additional 140,396 shares during the period. Thrivent Financial for Lutherans grew its holdings in Healthcare Realty Trust by 8.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,018,021 shares of the real estate investment trust’s stock valued at $90,475,000 after buying an additional 404,855 shares during the last quarter. Aberdeen Group plc increased its position in Healthcare Realty Trust by 26.2% in the 4th quarter. Aberdeen Group plc now owns 391,201 shares of the real estate investment trust’s stock worth $6,631,000 after buying an additional 81,273 shares during the period. Bayhunt Capital LLC acquired a new position in shares of Healthcare Realty Trust during the fourth quarter worth approximately $6,216,000. Finally, Cinctive Capital Management LP boosted its position in shares of Healthcare Realty Trust by 258.9% in the third quarter. Cinctive Capital Management LP now owns 189,551 shares of the real estate investment trust’s stock valued at $3,418,000 after acquiring an additional 136,734 shares during the period.

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.