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

Healthcare Realty Trust Incorporated (NYSE:HR)’s share price reached 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 trading hands. The stock had previously closed at $20.20.

Analysts Set New Price Targets

HR has been the topic of several research reports. Weiss Ratings cut Healthcare Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Citigroup lifted their target price on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Wall Street Zen raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Cantor Fitzgerald upped 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. Finally, UBS Group raised their price target on shares of Healthcare Realty Trust from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $20.25.

Healthcare Realty Trust Trading Up 0.0%

The stock has a market cap of $7.06 billion, a P/E ratio of -35.11 and a beta of 0.97. The business has a 50-day simple moving average of $18.46 and a 200 day simple moving average of $17.87.

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

Healthcare Realty Trust Announces Dividend

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

Insiders Place Their Bets

In other news, Director Thomas N. Bohjalian bought 10,000 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average price 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 of the company’s stock, valued at approximately $1,547,056.80. This represents a 13.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.56% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Wiser Advisor Group LLC bought a new stake in shares of Healthcare Realty Trust during the 3rd quarter valued at about $25,000. Smartleaf Asset Management LLC increased its holdings 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 worth $29,000 after purchasing an additional 1,033 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in Healthcare Realty Trust in the third quarter valued at approximately $32,000. Eurizon Capital SGR S.p.A. acquired a new position in Healthcare Realty Trust in the fourth quarter valued at approximately $37,000. Finally, Main Street Group LTD bought a new position in shares of Healthcare Realty Trust during the 1st quarter worth approximately $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.