Healthcare Realty Trust Incorporated (NYSE:HR) to Issue $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. Stockholders of record on Thursday, August 14th will be paid a dividend of 0.24 per share by the real estate investment trust on Thursday, August 28th. This represents a c) annualized dividend and a dividend yield of 6.2%.

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 Stock Down 1.3%

Shares of Healthcare Realty Trust stock traded down $0.20 on Thursday, hitting $15.36. The stock had a trading volume of 3,426,460 shares, compared to its average volume of 3,064,437. The stock's 50-day simple moving average is $15.36 and its two-hundred day simple moving average is $15.89. Healthcare Realty Trust has a one year low of $14.09 and a one year high of $18.90. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of -14.09 and a beta of 0.89.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. Healthcare Realty Trust had a negative return on equity of 7.06% and a negative net margin of 31.32%. As a group, equities analysts predict that Healthcare Realty Trust will post 1.59 EPS for the current fiscal 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.

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