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Healthcare Realty Trust

NYSE:HR
Snowflake Description

Unattractive dividend payer with poor track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HR
NYSE
$4B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

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. The last earnings update was 24 days ago. More info.


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HR Share Price and Events
7 Day Returns
1.3%
NYSE:HR
0.1%
US REITs
-1.4%
US Market
1 Year Returns
20.4%
NYSE:HR
13.9%
US REITs
1.6%
US Market
HR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Healthcare Realty Trust (HR) 1.3% 5.9% 0.3% 20.4% 2.3% 30.2%
US REITs 0.1% 2.1% 3.4% 13.9% 11.4% 25.6%
US Market -1.4% -3.9% 0.2% 1.6% 33.2% 38.2%
1 Year Return vs Industry and Market
  • HR outperformed the REITs industry which returned 13.9% over the past year.
  • HR outperformed the Market in United States of America which returned 1.6% over the past year.
Price Volatility
HR
Industry
5yr Volatility vs Market

Value

 Is Healthcare Realty Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Healthcare Realty Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Healthcare Realty Trust.

NYSE:HR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:HR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.529 (1 + (1- 21%) (34.55%))
0.781
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NYSE:HR using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Healthcare Realty Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Healthcare Realty Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NYSE:HR DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2019 160.07 Analyst x6 148.91
2020 166.82 Analyst x6 144.36
2021 173.30 Est @ 3.89% 139.51
2022 179.44 Est @ 3.54% 134.37
2023 185.36 Est @ 3.3% 129.12
2024 191.15 Est @ 3.13% 123.87
2025 196.90 Est @ 3.01% 118.70
2026 202.66 Est @ 2.92% 113.65
2027 208.47 Est @ 2.87% 108.75
2028 214.36 Est @ 2.83% 104.02
Present value of next 10 years cash flows $1,265.27
NYSE:HR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $214.36 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$4,618.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,618.49 ÷ (1 + 7.5%)10
$2,241.28
NYSE:HR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,265.27 + $2,241.28
$3,506.55
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,506.55 / 129.21
$27.14
NYSE:HR Discount to Share Price
Calculation Result
Value per share (USD) From above. $27.14
Current discount Discount to share price of $32.46
= -1 x ($32.46 - $27.14) / $27.14
-19.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Healthcare Realty Trust is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Healthcare Realty Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Healthcare Realty Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:HR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.51
NYSE:HR Share Price ** NYSE (2019-05-24) in USD $32.46
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 32.61x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 17.44x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Healthcare Realty Trust.

NYSE:HR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HR Share Price ÷ EPS (both in USD)

= 32.46 ÷ 0.51

63.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Healthcare Realty Trust is overvalued based on earnings compared to the US REITs industry average.
  • Healthcare Realty Trust is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Healthcare Realty Trust's expected growth come at a high price?
Raw Data
NYSE:HR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 63.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
-23.9%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.41x
United States of America Market PEG Ratio Median Figure of 2,121 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

NYSE:HR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 63.43x ÷ -23.9%

-2.65x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Healthcare Realty Trust earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Healthcare Realty Trust's assets?
Raw Data
NYSE:HR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $13.98
NYSE:HR Share Price * NYSE (2019-05-24) in USD $32.46
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.89x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
NYSE:HR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HR Share Price ÷ Book Value per Share (both in USD)

= 32.46 ÷ 13.98

2.32x

* Primary Listing of Healthcare Realty Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Healthcare Realty Trust is overvalued based on assets compared to the US REITs industry average.
X
Value checks
We assess Healthcare Realty Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Healthcare Realty Trust has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Healthcare Realty Trust expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-23.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Healthcare Realty Trust expected to grow at an attractive rate?
  • Healthcare Realty Trust's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Healthcare Realty Trust's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Healthcare Realty Trust's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:HR Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:HR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts -23.9%
NYSE:HR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 5%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:HR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:HR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 515 1
2020-12-31 485 33 6
2019-12-31 461 36 6
NYSE:HR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 451 202 63
2018-12-31 450 208 67
2018-09-30 444 201 14
2018-06-30 438 193 10
2018-03-31 432 191 -2
2017-12-31 425 180 21
2017-09-30 422 178 111
2017-06-30 419 176 120
2017-03-31 416 157 108
2016-12-31 412 151 86
2016-09-30 405 149 53
2016-06-30 398 152 58

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Healthcare Realty Trust's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Healthcare Realty Trust's revenue is expected to grow by 5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:HR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Healthcare Realty Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.27 0.30 0.22 4.00
2019-12-31 0.31 0.31 0.30 2.00
NYSE:HR Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.51
2018-12-31 0.55
2018-09-30 0.11
2018-06-30 0.08
2018-03-31 -0.02
2017-12-31 0.18
2017-09-30 0.96
2017-06-30 1.05
2017-03-31 0.97
2016-12-31 0.79
2016-09-30 0.50
2016-06-30 0.57

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Healthcare Realty Trust is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Healthcare Realty Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Healthcare Realty Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Healthcare Realty Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Healthcare Realty Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Healthcare Realty Trust's year on year earnings growth rate has been positive over the past 5 years.
  • Healthcare Realty Trust has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Healthcare Realty Trust has become profitable in the last year making it difficult to compare the US REITs industry average.
Earnings and Revenue History
Healthcare Realty Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Healthcare Realty Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 450.81 63.21 33.98
2018-12-31 450.28 67.45 34.57
2018-09-30 444.49 14.03 34.29
2018-06-30 438.04 9.63 33.87
2018-03-31 432.13 -2.30 33.49
2017-12-31 424.63 20.94 33.15
2017-09-30 421.92 111.21 32.50
2017-06-30 418.59 120.44 32.29
2017-03-31 415.96 108.44 29.84
2016-12-31 411.79 85.57 31.29
2016-09-30 404.70 52.53 30.90
2016-06-30 397.76 57.52 29.33
2016-03-31 391.83 62.95 30.41
2015-12-31 388.26 58.84 24.52
2015-09-30 384.67 48.54 25.41
2015-06-30 381.56 39.97 24.36
2015-03-31 376.58 31.35 23.35
2014-12-31 370.64 33.67 22.84
2014-09-30 361.69 33.82 23.34
2014-06-30 350.99 29.77 23.24
2014-03-31 341.05 -6.69 23.37
2013-12-31 330.76 -13.13 23.88
2013-09-30 321.33 -24.54 23.01
2013-06-30 315.26 -27.92 22.69
2013-03-31 307.98 -0.55 21.50
2012-12-31 297.13 -0.96 20.16
2012-09-30 303.67 5.89 18.91
2012-06-30 300.67 4.52 19.32

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Healthcare Realty Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Healthcare Realty Trust used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • Healthcare Realty Trust's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Healthcare Realty Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Healthcare Realty Trust has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Healthcare Realty Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Healthcare Realty Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Healthcare Realty Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Healthcare Realty Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Healthcare Realty Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Healthcare Realty Trust Company Filings, last reported 1 month ago.

NYSE:HR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,805.78 1,449.04 11.31
2018-12-31 1,716.64 1,346.05 8.58
2018-09-30 1,740.25 1,344.76 11.61
2018-06-30 1,768.06 1,335.73 8.57
2018-03-31 1,764.55 1,306.95 4.35
2017-12-31 1,789.88 1,283.95 6.22
2017-09-30 1,864.26 1,166.06 196.98
2017-06-30 1,646.28 1,203.15 2.03
2017-03-31 1,653.29 1,278.66 1.48
2016-12-31 1,653.41 1,264.37 5.41
2016-09-30 1,634.59 1,239.06 12.65
2016-06-30 1,350.45 1,414.74 9.03
2016-03-31 1,293.00 1,418.35 2.17
2015-12-31 1,242.75 1,424.99 4.10
2015-09-30 1,228.70 1,381.29 8.50
2015-06-30 1,228.43 1,388.80 8.43
2015-03-31 1,229.19 1,445.28 10.42
2014-12-31 1,221.05 1,403.69 3.52
2014-09-30 1,219.51 1,403.38 1.68
2014-06-30 1,219.35 1,397.03 17.52
2014-03-31 1,221.79 1,388.24 10.17
2013-12-31 1,245.29 1,348.46 8.67
2013-09-30 1,258.33 1,268.19 7.16
2013-06-30 1,178.17 1,301.39 1.15
2013-03-31 1,136.62 1,415.12 94.17
2012-12-31 1,120.94 1,293.04 6.78
2012-09-30 1,151.07 1,212.62 8.78
2012-06-30 966.20 1,395.60 3.10
  • Healthcare Realty Trust's level of debt (80.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (113.6% vs 80.2% today).
  • Debt is not well covered by operating cash flow (14%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Healthcare Realty Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Healthcare Realty Trust has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Healthcare Realty Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.7%
Current annual income from Healthcare Realty Trust dividends. Estimated to be 3.78% next year.
If you bought $2,000 of Healthcare Realty Trust shares you are expected to receive $74 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Healthcare Realty Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Healthcare Realty Trust's dividend is below the markets top 25% of dividend payers in United States of America (3.75%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:HR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2007 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:HR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.38 1.00
2022-12-31 1.32 1.00
2021-12-31 1.26 2.00
2020-12-31 1.21 7.00
2019-12-31 1.20 7.00
NYSE:HR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-30 1.200 3.830
2019-02-12 1.200 3.785
2018-10-30 1.200 4.013
2018-07-31 1.200 4.071
2018-05-01 1.200 4.282
2018-02-13 1.200 4.383
2017-10-31 1.200 3.830
2017-08-01 1.200 3.668
2017-05-02 1.200 3.569
2017-01-31 1.200 3.775
2016-11-01 1.200 4.027
2016-08-02 1.200 3.533
2016-05-03 1.200 3.596
2016-02-02 1.200 4.047
2015-11-03 1.200 4.371
2015-08-04 1.200 4.873
2015-05-05 1.200 5.006
2015-02-03 1.200 4.362
2014-11-04 1.200 4.363
2014-07-29 1.200 4.853
2014-04-29 1.200 4.769
2014-02-04 1.200 5.038
2013-10-29 1.200 5.412
2013-07-30 1.200 5.131
2013-04-30 1.200 4.445
2013-01-29 1.200 4.393
2012-11-07 1.200 4.979
2012-07-31 1.200 5.031
2012-05-01 1.200 5.266
2012-01-31 1.200 5.664
2011-11-01 1.200 6.564
2011-08-02 1.200 6.989
2011-05-03 1.200 5.742
2011-02-01 1.200 5.340
2010-11-02 1.200 5.666
2010-08-03 1.200 5.085
2010-05-04 1.200 5.283
2010-02-02 1.200 5.327
2009-11-09 1.540 7.123
2009-08-10 1.540 7.299

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Healthcare Realty Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.2x coverage).
X
Income/ dividend checks
We assess Healthcare Realty Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Healthcare Realty Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Healthcare Realty Trust has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Healthcare Realty Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Todd Meredith
COMPENSATION $3,082,120
AGE 43
TENURE AS CEO 2.4 years
CEO Bio

Mr. Todd J. Meredith has been the Chief Executive Officer and President at Healthcare Realty Trust Incorporated since December 30, 2016. Previously, Mr. Meredith served as an Executive Vice President of Investments at Healthcare from February 17, 2011 to December 29 2016. He was responsible for overseeing firm's investment activities, including the acquisition, financing and development of medical office and other primarily outpatient medical facilities. From 2006 to February 2011, Mr. Meredith led firm's development activities as a Senior Vice President. Prior to joining Healthcare Realty Trust Incorporated, in 2001, he worked in investment banking and corporate finance and also served with Robert W. Baird & Co. Mr. Meredith has been a Director of Healthcare Realty Trust Incorporated since May 2, 2017. Mr. Meredith provides the Board with strategic vision and depth of understanding of the Company's business from his many years of experience in directing and shaping key aspects of the business.

CEO Compensation
  • Todd's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Todd's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Healthcare Realty Trust management team in years:

2.4
Average Tenure
44.5
Average Age
  • The tenure for the Healthcare Realty Trust management team is about average.
Management Team

Todd Meredith

TITLE
President
COMPENSATION
$3M
AGE
43
TENURE
2.4 yrs

Kris Douglas

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
42
TENURE
3.2 yrs

Rob Hull

TITLE
Executive Vice President of Investments
COMPENSATION
$2M
AGE
46
TENURE
2.3 yrs

John Bryant

TITLE
Executive VP & General Counsel
COMPENSATION
$2M
AGE
51
TENURE
15.5 yrs

B. Whitman

TITLE
Senior VP of Finance & Treasurer
COMPENSATION
$2M
AGE
49
TENURE
1.1 yrs

Amanda Callaway

TITLE
Senior VP & Chief Accounting Officer
AGE
39

Billy Rainey

TITLE
Associate Vice President of Technology Services
TENURE
2.3 yrs

Carla Baca

TITLE
Associate Vice President of Investor Relations

Tim Staggs

TITLE
Vice President of Internal Audit & Compliance

Revell Michael

TITLE
Vice President of Marketing
Board of Directors Tenure

Average tenure and age of the Healthcare Realty Trust board of directors in years:

3.3
Average Tenure
63
Average Age
  • The tenure for the Healthcare Realty Trust board of directors is about average.
Board of Directors

David Emery

TITLE
Executive Chairman
COMPENSATION
$522K
AGE
73
TENURE
2.4 yrs

Todd Meredith

TITLE
President
COMPENSATION
$3M
AGE
43
TENURE
2 yrs

John Singleton

TITLE
Lead Independent Director
COMPENSATION
$183K
AGE
69

Christann Vasquez

TITLE
Independent Director
COMPENSATION
$185K
AGE
57
TENURE
3.5 yrs

Ned Braman

TITLE
Director
COMPENSATION
$141K
AGE
61
TENURE
1 yrs

Bruce Sullivan

TITLE
Independent Director
COMPENSATION
$203K
AGE
77
TENURE
15.3 yrs

Peter Lyle

TITLE
Independent Director
COMPENSATION
$177K
AGE
53
TENURE
3.3 yrs

Nancy Agee

TITLE
Independent Director
COMPENSATION
$216K
AGE
66
TENURE
3.3 yrs

John Abbott

TITLE
Director
AGE
63
Who owns this company?
Recent Insider Trading
  • Healthcare Realty Trust insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
23. May 19 Sell John Bryant Individual 23. May 19 23. May 19 -13,079 $32.08 $-419,574
21. Dec 18 Sell Robert Hull Individual 21. Dec 18 21. Dec 18 -4,600 $29.67 $-136,504
13. Dec 18 Sell John Singleton Individual 12. Dec 18 12. Dec 18 -13,593 $30.18 $-410,239
04. Dec 18 Sell Bruce Sullivan Individual 04. Dec 18 04. Dec 18 -3,000 $31.13 $-93,390
29. Nov 18 Sell Peter Lyle Individual 28. Nov 18 28. Nov 18 -3,298 $30.44 $-100,391
28. Nov 18 Sell Robert Hull Individual 28. Nov 18 28. Nov 18 -4,618 $30.26 $-139,761
26. Nov 18 Sell John Singleton Individual 21. Nov 18 21. Nov 18 -12,048 $29.91 $-360,363
09. Aug 18 Sell John Bryant Individual 09. Aug 18 09. Aug 18 -2,561 $30.56 $-78,274
20. Jun 18 Sell John Singleton Individual 18. Jun 18 18. Jun 18 -18,341 $27.25 $-499,792
X
Management checks
We assess Healthcare Realty Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Healthcare Realty Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Healthcare Realty Trust Incorporated (NYSE:HR) A Good Dividend Stock?

Is Healthcare Realty Trust Incorporated (NYSE:HR) a good dividend stock? … Dividend Growth Potential With a relatively unstable dividend, it's even more important to evaluate if earnings per share (EPS) are growing - it's not worth taking the risk on a dividend getting cut, unless you might be rewarded with larger dividends in future. Earnings have grown at around 5.5% a year for the past five years, which is better than seeing them shrink! Past earnings growth has been decent, but unless this is one of those rare businesses that can grow without additional capital investment or marketing spend, we'd generally expect the higher payout ratio to limit its future growth prospects. We'd also point out that Healthcare Realty Trust issued a meaningful number of new shares in the past year. Trying to grow the dividend when issuing new shares reminds us of the ancient Greek tale of Sisyphus - perpetually pushing a boulder uphill. Companies that consistently issue new shares are often suboptimal from a dividend perspective. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … See if the 6 Healthcare Realty Trust analysts we track are forecasting continued growth with our free report on analyst estimates for the company.

Simply Wall St -

If You Had Bought Healthcare Realty Trust Stock Five Years Ago, You Could Pocket A 31% Gain Today

Furthermore, you'd generally like to see the share price rise faster than the market. … Unfortunately for shareholders, while the Healthcare Realty Trust Incorporated (NYSE:HR) share price is up 31% in the last five years, that's less than the market return. … During the five years of share price growth, Healthcare Realty Trust moved from a loss to profitability.

Simply Wall St -

Should Healthcare Realty Trust Incorporated (NYSE:HR) Focus On Improving This Fundamental Metric?

Our data shows Healthcare Realty Trust has a return on equity of 0.9% for the last year. … That means that for every $1 worth of shareholders' equity, it generated $0.0094 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Did Healthcare Realty Trust Incorporated (NYSE:HR) Insiders Sell Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Healthcare Realty Trust Incorporated (NYSE:HR). … The Last 12 Months Of Insider Transactions At Healthcare Realty Trust. … In the last twelve months insiders netted US$2.3m for 79.83k shares sold

Simply Wall St -

How To Look At Healthcare Realty Trust Incorporated (NYSE:HR)

Healthcare Realty Trust Incorporated is a US$3.5b. … real estate investment trust (REIT) based in Nashville, United States. … View our latest analysis for Healthcare Realty Trust

Simply Wall St -

Why Healthcare Realty Trust Incorporated (NYSE:HR) Delivered An Inferior ROE Compared To The Industry

and want to learn about Return on Equity using a real-life example. … Healthcare Realty Trust Incorporated (NYSE:HR) delivered a less impressive 0.7% ROE over the past year, compared to the 6.6% return generated by its industry. … Breaking down Return on Equity

Simply Wall St -

Should You Buy Healthcare Realty Trust Incorporated (NYSE:HR) For Its Dividend?

Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. … Healthcare Realty Trust Incorporated (NYSE:HR) has returned to shareholders over the past 10 years, an average dividend yield of 5.00% annually. … Let's dig deeper into whether Healthcare Realty Trust should have a place in your portfolio.

Simply Wall St -

Who Are The Major Shareholders Of Healthcare Realty Trust Incorporated (NYSE:HR)?

In this article, I'm going to take a look at Healthcare Realty Trust Incorporated’s (NYSE:HR) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … View our latest analysis for Healthcare Realty Trust NYSE:HR Ownership_summary Jun 6th 18 Institutional Ownership HR's 100.09% institutional ownership seems enough to cause large share price movements in the case of significant share sell-off or acquisitions by institutions, particularly when there is a low level of public shares available on the market to trade. … Next Steps: HR's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

At $26.31, Is It Time To Buy Healthcare Realty Trust Incorporated (NYSE:HR)?

Healthcare Realty Trust Incorporated (NYSE:HR), a reits company based in United States, had a relatively subdued couple of weeks in terms of changes in share price, which continued to float around the range of $26.31 to $28. … According to my valuation model, Healthcare Realty Trust seems to be fairly priced at around 13% above my intrinsic value, which means if you buy Healthcare Realty Trust today, you’d be paying a relatively reasonable price for it. … In addition to this, it seems like Healthcare Realty Trust’s share price is quite stable, which could mean there may be less chances to buy low in the future now that it’s fairly valued.

Simply Wall St -

Only 3 Days Left Before Healthcare Realty Trust Incorporated (NYSE:HR) Will Start Trading Ex-Dividend, Is It Worth Buying?

Check out our latest analysis for Healthcare Realty Trust 5 checks you should use to assess a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Does it pay an annual yield higher than 75% of dividend payers? … NYSE:HR Historical Dividend Yield May 11th 18 Does Healthcare Realty Trust pass our checks? … Not only have dividend payouts from Healthcare Realty Trust fallen over the past 10 years, it has also been highly volatile during this time, with drops of over 25% in some years.

Simply Wall St -

Company Info

Description

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 December 31, 2018, the Company owned 199 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $4.9 billion. The Company provided leasing and property management services to 11.2 million square feet nationwide.

Details
Name: Healthcare Realty Trust Incorporated
HR
Exchange: NYSE
Founded: 1992
$4,194,290,822
129,214,135
Website: http://www.healthcarerealty.com
Address: Healthcare Realty Trust Incorporated
3310 West End Avenue,
Fourth Floor,
Nashville,
Tennessee, 37203,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HR Common Stock New York Stock Exchange US USD 27. May 1993
DB HR6 Common Stock Deutsche Boerse AG DE EUR 27. May 1993
Number of employees
Current staff
Staff numbers
277
Healthcare Realty Trust employees.
Industry
Health Care REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/25 23:38
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/21
Last earnings filing: 2019/05/01
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.