Healthcare Realty Trust (NYSE:HR) Trading 6.3% Higher After Better-Than-Expected Earnings

Key Points

• Healthcare Realty Trust's share price increased by 6.3% following a quarterly earnings report that beat analyst expectations, with an EPS of $0.41 compared to the consensus estimate of $0.40.
• The company announced a quarterly dividend of $0.24, resulting in a 5.9% yield, despite having a negative dividend payout ratio of -113.76%.
• Analysts have revised price targets for Healthcare Realty Trust, with most setting targets below the current trading price, indicating mixed sentiment about the stock's future performance.

Shares of Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report) shot up 6.3% on Friday after the company announced better than expected quarterly earnings. The company traded as high as $16.88 and last traded at $16.33. 1,371,873 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 3,050,647 shares. The stock had previously closed at $15.36.

The real estate investment trust reported $0.41 EPS for the quarter, beating 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 company had revenue of $287.07 million during the quarter, compared to analyst estimates of $290.83 million. During the same period in the prior year, the company earned $0.38 earnings per share.

Healthcare Realty Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.7%. Healthcare Realty Trust's dividend payout ratio is currently -107.83%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on HR shares. JPMorgan Chase & Co. lowered their price target on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Thursday, June 26th. Wells Fargo & Company dropped their price target on shares of Healthcare Realty Trust from $16.00 to $15.00 and set an "underweight" rating for the company in a research report on Monday, June 2nd. Wall Street Zen downgraded shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. Finally, Wedbush lowered their price target on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $16.40.

Insiders Place Their Bets

In related news, Director Thomas N. Bohjalian purchased 2,500 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was acquired at an average price of $14.71 per share, for a total transaction of $36,775.00. Following the purchase, the director owned 56,502 shares of the company's stock, valued at approximately $831,144.42. This trade represents a 4.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Golden State Wealth Management LLC acquired a new stake in shares of Healthcare Realty Trust during the first quarter valued at about $26,000. SVB Wealth LLC acquired a new stake in shares of Healthcare Realty Trust during the 1st quarter worth about $35,000. Anchor Investment Management LLC purchased a new position in Healthcare Realty Trust in the first quarter valued at approximately $38,000. Lazard Asset Management LLC acquired a new stake in shares of Healthcare Realty Trust during the fourth quarter worth approximately $45,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in Healthcare Realty Trust in the first quarter valued at $48,000.

Healthcare Realty Trust Price Performance

The firm's fifty day moving average is $15.48 and its two-hundred day moving average is $15.88. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of -14.74 and a beta of 0.89.

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.