Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of September 30, 2020, the Company owned 211 real estate properties in 24 states totaling 15.5 million square feet and was valued at approximately $5.5 billion. The Company provided leasing and property management services to 11.9 million square feet nationwide.
Healthcare Realty Trust Price Performance
NYSE:HR traded down $0.10 during mid-day trading on Friday, hitting $25.12. 2,880,963 shares of the company's stock traded hands, compared to its average volume of 13,430,882. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.20 and a current ratio of 2.20. The company has a market cap of $5.75 billion, a PE ratio of 59.81 and a beta of 0.67. The firm's 50 day simple moving average is $26.24 and its 200 day simple moving average is $27.86. Healthcare Realty Trust has a 1 year low of $23.28 and a 1 year high of $34.83.
Healthcare Realty Trust (NYSE:HR - Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.17). The business had revenue of $142.90 million for the quarter, compared to analysts' expectations of $144.30 million. Healthcare Realty Trust had a return on equity of 2.90% and a net margin of 12.13%. The company's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the business earned $0.42 earnings per share. Sell-side analysts expect that Healthcare Realty Trust will post 1.76 EPS for the current year.
Healthcare Realty Trust Announces Dividend
The business also recently disclosed a Variable dividend, which will be paid on Tuesday, August 30th. Stockholders of record on Monday, August 15th will be given a $0.109 dividend. The ex-dividend date is Friday, August 12th. Healthcare Realty Trust's dividend payout ratio is currently 316.67%.
Analyst Upgrades and Downgrades
Several research firms have issued reports on HR. JPMorgan Chase & Co. initiated coverage on Healthcare Realty Trust in a research report on Thursday, July 21st. They set a "neutral" rating on the stock. Berenberg Bank lowered Healthcare Realty Trust from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $35.00 to $32.00 in a report on Tuesday, May 10th. BMO Capital Markets assumed coverage on Healthcare Realty Trust in a report on Wednesday, June 22nd. They issued a "hold" rating and a $28.00 target price for the company. Credit Suisse Group lowered their price target on shares of Healthcare Realty Trust from $34.00 to $29.00 and set an "outperform" rating on the stock in a research note on Monday, July 18th. Finally, Capital One Financial initiated coverage on shares of Healthcare Realty Trust in a research note on Friday, June 3rd. They issued an "overweight" rating and a $33.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $31.00.