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

Key Points

• Healthcare Realty Trust declared a quarterly dividend of $0.24 per share, payable November 20 to shareholders of record November 10. The annualized dividend is $0.96 per share, representing a 5.3% yield.
• The company’s current earnings do not cover the dividend, with a reported payout ratio of -309.7%; however, analysts expect next year’s earnings to support a more sustainable projected payout ratio of 55.5%.
• Healthcare Realty Trust reported quarterly EPS of $0.42, slightly above estimates, and revenue of $286.64 million, also exceeding expectations, though revenue declined 3.4% year over year and the company posted negative net margins.

Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report) declared a quarterly dividend on Thursday, October 29th. Stockholders 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 dividend yield of 5.3%. The ex-dividend date 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 Stock Performance

Shares of HR opened at $18.13 on Friday. The business has a 50-day moving average of $18.19 and a 200 day moving average of $18.81. Healthcare Realty Trust has a fifty-two week low of $16.31 and a fifty-two week high of $22.04. The firm has a market cap of $6.21 billion, a P/E ratio of -69.74 and a beta of 0.97.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.01. The business had revenue of $286.64 million for the quarter, compared to analysts' expectations 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 firm's quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS. As a group, research analysts predict 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.

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