Healthcare Realty Trust (NYSE:HR) Shares Up 6.3% After Earnings Beat

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.

Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report)'s share price shot up 6.3% during mid-day trading on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $16.88 and last traded at $16.33. 1,371,873 shares changed hands during 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. Healthcare Realty Trust had a negative return on equity of 7.06% and a negative net margin of 31.32%. The firm had revenue of $287.07 million for the quarter, compared to analysts' expectations of $290.83 million. During the same quarter in the previous year, the firm posted $0.38 EPS.

Healthcare Realty Trust Cuts Dividend

The firm also recently declared 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 annualized dividend and a yield of 5.9%. Healthcare Realty Trust's dividend payout ratio (DPR) is presently -113.76%.

Analysts Set New Price Targets

A number of analysts recently weighed in on HR shares. Wells Fargo & Company decreased 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. Wedbush decreased their price target on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. JPMorgan Chase & Co. decreased their price target on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Thursday, June 26th. Finally, Wall Street Zen cut shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $16.40.

Insider Activity

In related news, Director Thomas N. Bohjalian acquired 2,500 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was acquired at an average cost of $14.71 per share, for a total transaction of $36,775.00. Following the completion of the acquisition, the director directly owned 56,502 shares of the company's stock, valued at approximately $831,144.42. The trade was a 4.63% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.37% of the stock is owned by company insiders.

Institutional Trading of Healthcare Realty Trust

A number of large investors have recently added to or reduced their stakes in HR. Golden State Wealth Management LLC acquired a new position in Healthcare Realty Trust in the 1st quarter worth approximately $26,000. SVB Wealth LLC acquired a new position in Healthcare Realty Trust in the 1st quarter worth approximately $35,000. Anchor Investment Management LLC acquired a new position in Healthcare Realty Trust in the 1st quarter worth approximately $38,000. Lazard Asset Management LLC acquired a new stake in shares of Healthcare Realty Trust during the 4th quarter valued at $45,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of Healthcare Realty Trust during the 1st quarter valued at $48,000.

Healthcare Realty Trust Trading Up 5.8%

The firm has a market cap of $5.71 billion, a P/E ratio of -15.00 and a beta of 0.89. The business's fifty day moving average price is $15.38 and its two-hundred day moving average price is $15.88.

About Healthcare Realty Trust

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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