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

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

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Scotiabank increased 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. Royal Bank Of Canada increased their price objective on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the stock a “sector perform” rating in a report on Thursday, May 14th. Citigroup increased their price objective 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. UBS Group increased their price objective on shares of Healthcare Realty Trust from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings lowered shares of Healthcare Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $20.50.

Healthcare Realty Trust Stock Performance

The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of -35.39 and a beta of 0.98. The business’s 50-day simple moving average is $19.19 and its 200-day simple moving average is $18.08.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.41 earnings per share (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 the consensus estimate of $283.01 million. During the same period in the prior year, the company posted $0.39 EPS. The company’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. On average, 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. The ex-dividend date was Monday, May 11th. This represents a $0.96 dividend on an annualized basis and a yield of 4.7%. Healthcare Realty Trust’s dividend payout ratio is presently -165.52%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Fifth Third Wealth Advisors LLC lifted its position in Healthcare Realty Trust by 4.8% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 12,580 shares of the real estate investment trust’s stock valued at $214,000 after purchasing an additional 579 shares during the period. US Bancorp DE raised its position in shares of Healthcare Realty Trust by 5.8% in the 3rd quarter. US Bancorp DE now owns 10,959 shares of the real estate investment trust’s stock valued at $198,000 after acquiring an additional 602 shares during the period. Consolidated Portfolio Review Corp raised its position in shares of Healthcare Realty Trust by 1.2% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 55,786 shares of the real estate investment trust’s stock valued at $1,006,000 after acquiring an additional 637 shares during the period. State of Michigan Retirement System raised its position in shares of Healthcare Realty Trust by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 83,953 shares of the real estate investment trust’s stock valued at $1,426,000 after acquiring an additional 900 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in shares of Healthcare Realty Trust by 4.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 25,337 shares of the real estate investment trust’s stock valued at $429,000 after acquiring an additional 1,012 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.