Healthcare Realty Trust Incorporated (NYSE:HR) to Issue $0.24 Quarterly Dividend

Healthcare Realty Trust Incorporated (NYSE:HR) announced a quarterly dividend on Thursday, July 30th. Investors of record on Tuesday, August 11th will be paid a dividend of 0.24 per share by the real estate investment trust on Wednesday, August 26th. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, August 11th.

Healthcare Realty Trust has raised its dividend by an average of 0.0%per year over the last three years. Healthcare Realty Trust has a dividend payout ratio of -309.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Healthcare Realty Trust to earn $1.68 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 57.1%.

Healthcare Realty Trust Price Performance

HR stock opened at $21.48 on Friday. The stock has a market cap of $7.44 billion, a price-to-earnings ratio of -37.04 and a beta of 0.98. The company has a 50 day simple moving average of $20.54 and a 200 day simple moving average of $18.93. Healthcare Realty Trust has a 1 year low of $15.28 and a 1 year high of $22.04.

Healthcare Realty Trust (NYSE:HR) last posted its 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. Healthcare Realty Trust had a negative net margin of 17.34% and a negative return on equity of 4.29%. The firm had revenue of $275.28 million for the quarter, compared to analysts’ expectations of $283.01 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The company’s revenue was down 7.7% on a year-over-year basis. On average, equities research analysts anticipate that Healthcare Realty Trust will post 1.63 EPS for the current fiscal year.

Insider Buying and Selling

In other Healthcare Realty Trust news, CAO Amanda L. Callaway sold 25,767 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $20.37, for a total transaction of $524,873.79. Following the completion of the sale, the chief accounting officer owned 109,954 shares of the company’s stock, valued at approximately $2,239,762.98. This represents a 18.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is owned by insiders.

Institutional Investors Weigh In On Healthcare Realty Trust

A number of institutional investors have recently modified their holdings of HR. Cohen & Steers Inc. increased its position in shares of Healthcare Realty Trust by 1.3% during the fourth quarter. Cohen & Steers Inc. now owns 56,305,460 shares of the real estate investment trust’s stock worth $954,424,000 after buying an additional 744,729 shares during the period. Rush Island Management LP lifted its holdings in Healthcare Realty Trust by 13.8% in the second quarter. Rush Island Management LP now owns 14,260,152 shares of the real estate investment trust’s stock valued at $226,166,000 after buying an additional 1,728,491 shares during the period. Resolution Capital Ltd boosted its position in Healthcare Realty Trust by 72.4% during the first quarter. Resolution Capital Ltd now owns 14,034,367 shares of the real estate investment trust’s stock valued at $238,444,000 after acquiring an additional 5,892,501 shares during the last quarter. APG Asset Management US Inc. boosted its position in Healthcare Realty Trust by 2.5% during the fourth quarter. APG Asset Management US Inc. now owns 12,391,772 shares of the real estate investment trust’s stock valued at $210,041,000 after acquiring an additional 305,099 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Healthcare Realty Trust by 233.8% during the 3rd quarter. Invesco Ltd. now owns 7,700,760 shares of the real estate investment trust’s stock worth $138,845,000 after acquiring an additional 5,393,651 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.