Healthcare Realty Trust (NYSE:HR) Updates FY24 Earnings Guidance

Healthcare Realty Trust (NYSE:HR) issued an update on its FY24 earnings guidance on Friday morning. The company provided earnings per share guidance of $1.53-1.58 for the period, compared to the consensus earnings per share estimate of $1.55.

Healthcare Realty Trust Trading Down 0.8 %

HR stock opened at $17.54 on Friday. Healthcare Realty Trust has a 52 week low of $12.77 and a 52 week high of $19.92. The firm has a 50 day moving average of $16.80 and a 200 day moving average of $15.45.

Healthcare Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Monday, August 12th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 7.07%. The ex-dividend date is Monday, August 12th. Healthcare Realty Trust’s dividend payout ratio is presently -93.23%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wedbush lifted their target price on shares of Healthcare Realty Trust from $15.00 to $16.00 and gave the company a neutral rating in a report on Wednesday, May 8th. Wells Fargo & Company lowered shares of Healthcare Realty Trust from an equal weight rating to an underweight rating and cut their target price for the company from $17.00 to $16.00 in a report on Tuesday. Finally, Scotiabank lifted their target price on shares of Healthcare Realty Trust from $16.00 to $17.00 and gave the company a sector perform rating in a report on Tuesday, July 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $17.40.

Healthcare Realty Trust Company Profile

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.