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

Key Points

• Healthcare Realty Trust Incorporated announced a quarterly dividend of $0.24 per share, with stockholders of record on August 14th set to receive it on August 28th, resulting in a 6.2% dividend yield.
• The company faces a payout ratio of -400.0%, indicating reliance on its balance sheet for dividend payments, but is expected to achieve a future payout ratio of 76.1% with anticipated earnings of $1.63 per share next year.
• Shares of Healthcare Realty Trust dropped 1.3% to $15.36, with the stock possessing a market cap of $5.40 billion and reflecting significant volatility with a one year low of $14.09.

Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report) declared a quarterly dividend on Thursday, July 31st, RTT News reports. Investors of record on Thursday, August 14th will be given a dividend of 0.24 per share by the real estate investment trust on Thursday, August 28th. This represents a c) dividend on an annualized basis and a yield of 5.7%.

Healthcare Realty Trust has a payout ratio of -400.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Healthcare Realty Trust to earn $1.63 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 76.1%.

Healthcare Realty Trust Price Performance

NYSE:HR traded up $0.20 during mid-day trading on Monday, reaching $16.74. The stock had a trading volume of 735,266 shares, compared to its average volume of 3,080,865. The business's 50 day moving average is $15.43 and its 200 day moving average is $15.88. Healthcare Realty Trust has a fifty-two week low of $14.09 and a fifty-two week high of $18.90. The stock has a market cap of $5.88 billion, a P/E ratio of -14.50 and a beta of 0.89.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. Healthcare Realty Trust had a negative return on equity of 7.70% and a negative net margin of 32.95%. The firm had revenue of $287.07 million during the quarter, compared to analyst estimates of $290.83 million. During the same period in the previous year, the company earned $0.38 EPS. Equities analysts expect that Healthcare Realty Trust will post 1.59 EPS for the current year.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.