Healthcare Realty Trust (NYSE:HR) Reaches New 1-Year High After Strong Earnings

Key Points

• Shares hit a new 52-week high after Q1 EPS of $0.41 topped estimates of $0.39; revenue fell 7.7% YoY to $275.3M and the company set FY2026 guidance at 1.590–1.65 EPS.
• The company declared a quarterly dividend of $0.24 ($0.96 annualized) for a 5.0% dividend yield
• Analyst coverage is mixed (three Buy, seven Hold, one Sell) with a consensus target of $18.78, while Director Thomas Bohjalian made an insider purchase of 10,000 shares, increasing his stake by 13.24%.

Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday after the company announced better than expected quarterly earnings. The company traded as high as $19.43 and last traded at $19.0520, with a volume of 240378 shares trading hands. The stock had previously closed at $18.70.

The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.02. Healthcare Realty Trust had a negative net margin of 20.84% and a negative return on equity of 5.07%. The firm had revenue of $275.28 million for the quarter, compared to the consensus estimate of $283.01 million. During the same period in the prior year, the firm posted $0.39 earnings per share. The company's revenue for the quarter was down 7.7% on a year-over-year basis. Healthcare Realty Trust has set its FY 2026 guidance at 1.590-1.65 EPS.

Healthcare Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 11th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, May 11th. Healthcare Realty Trust's dividend payout ratio is presently -135.21%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. UBS Group began coverage on shares of Healthcare Realty Trust in a report on Monday, April 20th. They issued a "neutral" rating and a $18.00 price target on the stock. Wall Street Zen raised shares of Healthcare Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, January 31st. Cantor Fitzgerald raised their target price on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company an "overweight" rating in a research note on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Healthcare Realty Trust in a research note on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $18.78.

Insiders Place Their Bets

In related news, Director Thomas N. Bohjalian bought 10,000 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average cost 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 $1,547,056.80. This trade represents a 13.24% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Healthcare Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wiser Advisor Group LLC purchased a new position in shares of Healthcare Realty Trust during the third quarter worth approximately $25,000. Smartleaf Asset Management LLC raised its stake in shares of Healthcare Realty Trust by 179.7% during the third quarter. Smartleaf Asset Management LLC now owns 1,608 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 1,033 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Healthcare Realty Trust during the third quarter worth approximately $32,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of Healthcare Realty Trust during the fourth quarter worth approximately $37,000. Finally, Prosperity Bancshares Inc purchased a new position in shares of Healthcare Realty Trust during the fourth quarter worth approximately $42,000.

Healthcare Realty Trust Price Performance

The stock has a market capitalization of $6.68 billion, a PE ratio of -26.89 and a beta of 0.97. The firm's 50 day simple moving average is $18.00 and its 200 day simple moving average is $17.70.

Healthcare Realty Trust Company Profile

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.

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