Healthcare Realty Trust (NYSE:HR) Sets New 52-Week High – Time to Buy?

Healthcare Realty Trust Incorporated (NYSE:HR)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $21.59 and last traded at $21.59, with a volume of 191230 shares changing hands. The stock had previously closed at $21.40.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Raymond James Financial initiated coverage on Healthcare Realty Trust in a research note on Tuesday, June 16th. They set an “outperform” rating and a $24.00 price objective for the company. Scotiabank boosted their price target on shares of Healthcare Realty Trust from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Royal Bank Of Canada boosted their price target on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “sector perform” rating in a report on Thursday, May 14th. UBS Group upped their price target on shares of Healthcare Realty Trust from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Finally, Wells Fargo & Company increased their price objective on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.67.

Healthcare Realty Trust Stock Performance

The firm has a market capitalization of $7.47 billion, a P/E ratio of -37.16 and a beta of 0.98. The business has a fifty day moving average of $20.43 and a 200-day moving average of $18.81.

Healthcare Realty Trust (NYSE:HR) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $275.28 million for the quarter, compared to the consensus estimate 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 firm’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 EPS. Healthcare Realty Trust has set its FY 2026 guidance at 1.590-1.65 EPS. On average, equities research analysts forecast that Healthcare Realty Trust Incorporated will post 1.63 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. Stockholders of record on Monday, May 11th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, May 11th. Healthcare Realty Trust’s dividend payout ratio (DPR) is -165.52%.

Insider Buying and Selling at Healthcare Realty Trust

In related news, CAO Amanda L. Callaway sold 25,767 shares of Healthcare Realty Trust stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $20.37, for a total transaction of $524,873.79. Following the sale, the chief accounting officer directly owned 109,954 shares in the company, valued at $2,239,762.98. The trade was a 18.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Healthcare Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wiser Advisor Group LLC acquired a new position in Healthcare Realty Trust during the 3rd quarter valued at about $25,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Healthcare Realty Trust in the 4th quarter worth approximately $37,000. Main Street Group LTD acquired a new stake in shares of Healthcare Realty Trust in the 1st quarter worth approximately $42,000. Prosperity Bancshares Inc bought a new position in shares of Healthcare Realty Trust in the fourth quarter valued at approximately $42,000. Finally, Inspire Investing LLC bought a new position in shares of Healthcare Realty Trust in the first quarter valued at approximately $45,000.

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.