Healthcare Realty Trust (NYSE:HR) Upgraded to “Moderate Buy” at Raymond James Financial

Raymond James Financial upgraded shares of Healthcare Realty Trust (NYSE:HR) to a moderate buy rating in a report issued on Tuesday morning,Zacks.com reports.

Several other analysts also recently commented on the company. Royal Bank Of Canada increased their price objective on Healthcare Realty Trust from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 14th. UBS Group increased their price objective on Healthcare Realty Trust from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Wells Fargo & Company increased their price objective on Healthcare Realty Trust from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Scotiabank increased their price objective on Healthcare Realty Trust from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, Citigroup increased their price objective on Healthcare Realty Trust from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $21.11.

Healthcare Realty Trust Stock Performance

Shares of NYSE:HR opened at $20.06 on Tuesday. The business’s 50 day simple moving average is $19.44 and its two-hundred day simple moving average is $18.15. The firm has a market cap of $6.95 billion, a P/E ratio of -34.59 and a beta of 0.98. Healthcare Realty Trust has a 52-week low of $14.92 and a 52-week high of $20.90.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $275.28 million for the quarter, compared to analyst estimates of $283.01 million. Healthcare Realty Trust had a negative return on equity of 4.29% and a negative net margin of 17.34%.The company’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. Healthcare Realty Trust has set its FY 2026 guidance at 1.590-1.65 EPS. On average, equities analysts forecast that Healthcare Realty Trust will post 1.61 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 11th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, May 11th. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -165.52%.

Institutional Trading of Healthcare Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of HR. PGGM Investments purchased a new stake in shares of Healthcare Realty Trust during the fourth quarter valued at approximately $113,389,000. Resolution Capital Ltd increased its position in shares of Healthcare Realty Trust by 72.4% during 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 acquiring an additional 5,892,501 shares during the last quarter. Invesco Ltd. increased its position in shares of Healthcare Realty Trust by 233.8% during 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 acquiring an additional 5,393,651 shares during the last quarter. Norges Bank purchased a new stake in shares of Healthcare Realty Trust during the fourth quarter valued at approximately $62,154,000. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of Healthcare Realty Trust during the fourth quarter valued at approximately $31,810,000.

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.