Healthcare Realty Trust Incorporated (NYSE:HR) Declares Quarterly Dividend of $0.24

Healthcare Realty Trust Incorporated (NYSE:HR) declared a quarterly dividend on Thursday, October 29th. Investors of record on Tuesday, November 10th will be given a dividend of $0.24 per share by the real estate investment trust on Friday, November 20th. This represents a $0.96 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, November 10th.

Healthcare Realty Trust has a dividend payout ratio of -309.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Healthcare Realty Trust to earn $1.73 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 55.5%.

Healthcare Realty Trust Price Performance

Shares of Healthcare Realty Trust stock opened at $18.13 on Friday. The business’s 50 day simple moving average is $18.19 and its two-hundred day simple moving average is $18.81. The stock has a market capitalization of $6.21 billion, a P/E ratio of -69.74 and a beta of 0.97. Healthcare Realty Trust has a one year low of $16.31 and a one year high of $22.04.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The firm had revenue of $286.64 million during the quarter, compared to analyst estimates of $275.27 million. Healthcare Realty Trust had a negative return on equity of 1.91% and a negative net margin of 7.59%. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Sell-side analysts expect that Healthcare Realty Trust will post 1.65 earnings per share for the current fiscal year.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust Incorporated (NYSE: HR) is a real estate investment trust focused on owning, managing, acquiring and developing outpatient healthcare properties. Its portfolio primarily includes medical office buildings, ambulatory surgery centers, outpatient facilities and other properties used by healthcare providers.

The company leases space to health systems, physician groups and other healthcare organizations, with properties generally located on or near hospital campuses and in growing outpatient care settings.