Healthcare Realty Trust (NYSE:HR) Reaches New 1-Year High – Here’s What Happened

Healthcare Realty Trust Incorporated (NYSE:HR) hit a new 52-week high during trading on Wednesday . The stock traded as high as $20.59 and last traded at $20.5150, with a volume of 1812814 shares changing hands. The stock had previously closed at $20.20.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Citigroup lifted their target price on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. UBS Group increased their price target on shares of Healthcare Realty Trust from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Cantor Fitzgerald lifted their price objective on shares of Healthcare Realty Trust from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Scotiabank upped 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. Finally, Royal Bank Of Canada increased their target price on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 14th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Healthcare Realty Trust presently has an average rating of “Hold” and an average target price of $20.25.

Healthcare Realty Trust Stock Up 1.2%

The business has a 50-day simple moving average of $18.38 and a 200-day simple moving average of $17.83. The stock has a market cap of $7.08 billion, a P/E ratio of -35.26 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 analysts’ consensus estimates 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 company had revenue of $275.28 million for the quarter, compared to analyst estimates of $283.01 million. During the same quarter last year, the firm posted $0.39 earnings per share. The company’s quarterly 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. On average, analysts predict that Healthcare Realty Trust Incorporated will post 1.61 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Monday, May 11th. Healthcare Realty Trust’s dividend payout ratio is -165.52%.

Insider Activity

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian acquired 10,000 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average cost of $18.09 per share, for a total transaction of $180,900.00. Following the completion of the purchase, the director owned 85,520 shares of the company’s stock, valued at approximately $1,547,056.80. This trade represents a 13.24% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Wiser Advisor Group LLC acquired a new stake in shares of Healthcare Realty Trust in the third quarter worth $25,000. Smartleaf Asset Management LLC raised its stake in Healthcare Realty Trust by 179.7% during the 3rd 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 during the last quarter. Atlantic Union Bankshares Corp bought a new stake in Healthcare Realty Trust in the 3rd quarter valued at $32,000. Eurizon Capital SGR S.p.A. bought a new stake in Healthcare Realty Trust in the 4th quarter valued at $37,000. Finally, Main Street Group LTD acquired a new stake in Healthcare Realty Trust in the 1st quarter worth $42,000.

About Healthcare Realty Trust

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.