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

Healthcare Realty Trust Incorporated (NYSE:HR) shares reached a new 52-week high on Wednesday . The company traded as high as $20.64 and last traded at $20.6220, with a volume of 207722 shares changing hands. The stock had previously closed at $20.38.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Scotiabank raised their price target on shares of Healthcare Realty Trust from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Cantor Fitzgerald raised their price target on shares of Healthcare Realty Trust from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Wells Fargo & Company raised their price target on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Citigroup raised their price target on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada raised their price target on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “sector perform” rating in a research report on Thursday, May 14th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.50.

Healthcare Realty Trust Stock Up 2.0%

The firm has a market cap of $7.20 billion, a P/E ratio of -35.87 and a beta of 0.98. The firm’s 50-day simple moving average is $19.04 and its 200 day simple moving average is $18.04.

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

Healthcare Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 11th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, May 11th. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently -165.52%.

Hedge Funds Weigh In On Healthcare Realty Trust

Several large investors have recently modified their holdings of HR. Dynamic Technology Lab Private Ltd purchased a new position in shares of Healthcare Realty Trust in the first quarter worth about $205,000. Empowered Funds LLC purchased a new position in shares of Healthcare Realty Trust in the first quarter worth about $202,000. Invesco Ltd. increased its stake in shares of Healthcare Realty Trust by 48.9% in the second quarter. Invesco Ltd. now owns 2,307,109 shares of the real estate investment trust’s stock worth $36,591,000 after purchasing an additional 757,542 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Healthcare Realty Trust by 314.1% in the second quarter. First Trust Advisors LP now owns 223,125 shares of the real estate investment trust’s stock worth $3,539,000 after purchasing an additional 169,248 shares in the last quarter. Finally, Amundi increased its stake in shares of Healthcare Realty Trust by 154.0% in the second quarter. Amundi now owns 519,816 shares of the real estate investment trust’s stock worth $8,343,000 after purchasing an additional 315,179 shares in the last quarter.

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.