Healthcare Realty Trust (NYSE:HR) Reaches New 52-Week High - Here's Why

Key Points

• Healthcare Realty Trust hit a new 52-week high — shares traded as high as $20.46 (last $20.26) on heavy volume, valuing the company at about $7.07 billion.
• Analysts are mixed with an average rating of "Hold" and an average price target of $19.25, while individual firms range from sell to buy (Cantor Fitzgerald raised its target to $22 and UBS is neutral at $18).
• The REIT slightly beat quarterly EPS expectations ($0.41 vs. $0.39) despite revenue declines and negative margins/ROE, declared a $0.24 quarterly dividend (annualized $0.96, 4.7% yield), and a director purchased 10,000 shares recently.

Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as $20.46 and last traded at $20.26, with a volume of 9201779 shares changing hands. The stock had previously closed at $19.92.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HR shares. Wall Street Zen raised Healthcare Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, January 31st. UBS Group started coverage on Healthcare Realty Trust in a research note on Monday, April 20th. They set a "neutral" rating and a $18.00 target price on the stock. Weiss Ratings cut Healthcare Realty Trust from a "hold (c)" rating to a "sell (d+)" rating in a research note on Monday. Finally, Cantor Fitzgerald lifted their target price on Healthcare Realty Trust from $21.00 to $22.00 and gave the company an "overweight" rating in a research note on Monday. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Healthcare Realty Trust currently has an average rating of "Hold" and an average price target of $19.25.

Healthcare Realty Trust Stock Performance

The firm has a market cap of $7.07 billion, a P/E ratio of -34.93 and a beta of 0.97. The company has a 50 day moving average of $18.07 and a 200 day moving average of $17.72.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. The business had revenue of $275.28 million during the quarter, compared to analysts' expectations of $283.01 million. Healthcare Realty Trust had a negative return on equity of 4.29% and a negative net margin of 17.34%.The firm's quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 EPS. Healthcare Realty Trust has set its FY 2026 guidance at 1.590-1.65 EPS. As a group, analysts expect that Healthcare Realty Trust Incorporated will post 1.61 EPS for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 11th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.96 annualized dividend and a dividend yield of 4.7%. Healthcare Realty Trust's payout ratio is presently -165.52%.

Insider Activity at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian purchased 10,000 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average price of $18.09 per share, with a total value of $180,900.00. Following the purchase, the director owned 85,520 shares in the company, valued at $1,547,056.80. This represents a 13.24% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.56% of the company's stock.

Institutional Investors Weigh In On Healthcare Realty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in HR. Allianz Asset Management GmbH lifted its holdings in shares of Healthcare Realty Trust by 36.3% during the third quarter. Allianz Asset Management GmbH now owns 527,024 shares of the real estate investment trust's stock worth $9,502,000 after buying an additional 140,396 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Healthcare Realty Trust by 8.8% during the third quarter. Thrivent Financial for Lutherans now owns 5,018,021 shares of the real estate investment trust's stock worth $90,475,000 after buying an additional 404,855 shares during the last quarter. Liberty One Investment Management LLC lifted its holdings in shares of Healthcare Realty Trust by 30.2% during the third quarter. Liberty One Investment Management LLC now owns 407,463 shares of the real estate investment trust's stock worth $7,347,000 after buying an additional 94,568 shares during the last quarter. Cinctive Capital Management LP lifted its holdings in shares of Healthcare Realty Trust by 258.9% during the third quarter. Cinctive Capital Management LP now owns 189,551 shares of the real estate investment trust's stock worth $3,418,000 after buying an additional 136,734 shares during the last quarter. Finally, Aberdeen Group plc lifted its holdings in shares of Healthcare Realty Trust by 26.2% during the fourth quarter. Aberdeen Group plc now owns 391,201 shares of the real estate investment trust's stock worth $6,631,000 after buying an additional 81,273 shares during the last quarter.

About Healthcare Realty Trust

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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