Healthcare Realty Trust (NYSE:HR) Sets New 1-Year High – Time to Buy?

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) reached a new 52-week high on Thursday . The stock traded as high as $20.50 and last traded at $20.3770, with a volume of 48697 shares changing hands. The stock had previously closed at $20.37.

Wall Street Analysts Forecast Growth

HR has been the topic of several recent analyst reports. Wall Street Zen raised Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Citigroup upped their target price 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. Cantor Fitzgerald increased their target price on shares of Healthcare Realty Trust from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. 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. Finally, Scotiabank raised their price objective on shares of Healthcare Realty Trust from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.25.

Healthcare Realty Trust Price Performance

The stock’s 50 day simple moving average is $18.24 and its two-hundred day simple moving average is $17.77. The company has a market capitalization of $7.06 billion, a P/E ratio of -35.13 and a beta of 0.97.

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

Healthcare Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 11th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Monday, May 11th. Healthcare Realty Trust’s payout ratio is currently -165.52%.

Insiders Place Their Bets

In related news, Director Thomas N. Bohjalian acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average cost of $18.09 per share, with a total value of $180,900.00. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Healthcare Realty Trust

Several institutional investors have recently modified their holdings of the stock. Wiser Advisor Group LLC acquired a new stake in shares of Healthcare Realty Trust in the 3rd quarter valued at approximately $25,000. Smartleaf Asset Management LLC increased its stake in Healthcare Realty Trust by 179.7% in the third quarter. Smartleaf Asset Management LLC now owns 1,608 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,033 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in Healthcare Realty Trust in the third quarter valued at approximately $32,000. Eurizon Capital SGR S.p.A. acquired a new stake in Healthcare Realty Trust in the fourth quarter worth $37,000. Finally, Main Street Group LTD bought a new position in shares of Healthcare Realty Trust during the first quarter worth $42,000.

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.