Healthcare Realty Trust (NYSE:HR) Sets New 12-Month High – Should You Buy?

Healthcare Realty Trust Incorporated (NYSE:HR) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $20.94 and last traded at $20.8490, with a volume of 146714 shares trading hands. The stock had previously closed at $20.69.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HR shares. UBS Group lifted their target price on Healthcare Realty Trust from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday. Cantor Fitzgerald raised their price target on Healthcare Realty Trust from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, May 4th. BTIG Research reaffirmed a “buy” rating and set a $22.00 price target on shares of Healthcare Realty Trust in a report on Friday, June 12th. Wells Fargo & Company upped their price objective on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Finally, Raymond James Financial assumed coverage on shares of Healthcare Realty Trust in a report on Tuesday, June 16th. They set an “outperform” rating and a $24.00 target price for the company. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $21.67.

Healthcare Realty Trust Stock Performance

The firm has a market capitalization of $7.18 billion, a price-to-earnings ratio of -35.74 and a beta of 0.98. The company has a fifty day moving average of $20.21 and a two-hundred day moving average of $18.51.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. Healthcare Realty Trust had a negative return on equity of 4.29% and a negative net margin of 17.34%.The business had revenue of $275.28 million during the quarter, compared to the consensus estimate of $283.01 million. During the same period in the previous year, the company posted $0.39 EPS. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. Healthcare Realty Trust has set its FY 2026 guidance at 1.590-1.65 EPS. Equities analysts forecast that Healthcare Realty Trust Incorporated will post 1.63 EPS for the current year.

Healthcare Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 11th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.6%. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently -165.52%.

Insider Activity

In related news, CAO Amanda L. Callaway sold 25,767 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $20.37, for a total value of $524,873.79. Following the transaction, the chief accounting officer directly owned 109,954 shares in the company, valued at approximately $2,239,762.98. This represents a 18.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.56% of the company’s stock.

Institutional Trading of Healthcare Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Cohen & Steers Inc. grew its position in shares of Healthcare Realty Trust by 1.3% during the 4th quarter. Cohen & Steers Inc. now owns 56,305,460 shares of the real estate investment trust’s stock worth $954,424,000 after purchasing an additional 744,729 shares in the last quarter. Rush Island Management LP increased its holdings in shares of Healthcare Realty Trust by 13.8% during the second quarter. Rush Island Management LP now owns 14,260,152 shares of the real estate investment trust’s stock worth $226,166,000 after purchasing an additional 1,728,491 shares during the period. Resolution Capital Ltd raised its position in shares of Healthcare Realty Trust by 72.4% in the first quarter. Resolution Capital Ltd now owns 14,034,367 shares of the real estate investment trust’s stock valued at $238,444,000 after buying an additional 5,892,501 shares in the last quarter. APG Asset Management US Inc. raised its position in shares of Healthcare Realty Trust by 2.5% in the fourth quarter. APG Asset Management US Inc. now owns 12,391,772 shares of the real estate investment trust’s stock valued at $210,041,000 after buying an additional 305,099 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Healthcare Realty Trust by 233.8% in the third quarter. Invesco Ltd. now owns 7,700,760 shares of the real estate investment trust’s stock valued at $138,845,000 after buying an additional 5,393,651 shares in 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.