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.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Sumitomo Mitsui Financial Group upgraded Healthcare Realty Trust from a "neutral" rating to an "outperform" rating and set a $30.00 target price for the company in a report on Thursday. BMO Capital Markets began coverage on shares of Healthcare Realty Trust in a research report on Wednesday, June 22nd. They set a "hold" rating and a $28.00 price target on the stock. Citigroup reissued a "neutral" rating and set a $27.00 price target on shares of Healthcare Realty Trust in a research report on Tuesday. Credit Suisse Group cut their price target on Healthcare Realty Trust from $34.00 to $29.00 and set an "outperform" rating for the company in a report on Monday, July 18th. Finally, Capital One Financial assumed coverage on shares of Healthcare Realty Trust in a research report on Friday, June 3rd. They set an "overweight" rating and a $33.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Healthcare Realty Trust currently has a consensus rating of "Hold" and an average price target of $30.29.
Healthcare Realty Trust Price Performance
NYSE:HR traded down $0.22 during trading hours on Thursday, hitting $26.05. 247,932 shares of the company's stock traded hands, compared to its average volume of 13,005,530. The business's fifty day simple moving average is $26.06 and its two-hundred day simple moving average is $27.78. The firm has a market cap of $5.97 billion, a P/E ratio of 90.59 and a beta of 0.67. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.03. Healthcare Realty Trust has a 52 week low of $23.28 and a 52 week high of $34.83.
Healthcare Realty Trust Announces Dividend
The business also recently announced a Variable dividend, which will be paid on Tuesday, August 30th. Investors of record on Monday, August 15th will be given a $0.109 dividend. The ex-dividend date of this dividend is Friday, August 12th. Healthcare Realty Trust's dividend payout ratio (DPR) is presently 458.64%.