Healthcare Realty Trust Incorporated Announces Quarterly Dividend of $0.31 (NYSE:HR)

Healthcare Realty Trust Incorporated (NYSE:HR) announced a quarterly dividend on Tuesday, April 30th, Wall Street Journal reports. Investors of record on Monday, May 13th will be given a dividend of 0.31 per share by the real estate investment trust on Thursday, May 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.54%. The ex-dividend date of this dividend is Friday, May 10th.

Healthcare Realty Trust has raised its dividend by an average of 33.3% per year over the last three years.

Healthcare Realty Trust Stock Up 2.0 %

HR opened at $14.52 on Thursday. Healthcare Realty Trust has a 52 week low of $12.77 and a 52 week high of $20.32. The business’s fifty day simple moving average is $13.77 and its 200 day simple moving average is $15.06.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.51). Healthcare Realty Trust had a negative return on equity of 3.87% and a negative net margin of 20.71%. The business had revenue of $330.40 million during the quarter, compared to analyst estimates of $334.32 million. During the same period in the previous year, the business posted $0.42 earnings per share. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. On average, equities analysts expect that Healthcare Realty Trust will post 1.56 EPS for the current fiscal year.

Analyst Ratings Changes

HR has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Healthcare Realty Trust in a research note on Tuesday, January 30th. They issued a “hold” rating and a $18.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 6th. Wells Fargo & Company decreased their price target on Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. Wedbush downgraded Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $19.00 to $15.00 in a report on Tuesday, February 20th. Finally, Stifel Nicolaus downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their price objective for the stock from $19.00 to $15.00 in a report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Healthcare Realty Trust presently has an average rating of “Hold” and a consensus price target of $17.20.

About Healthcare Realty Trust

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.