Healthcare Realty: An 8.9% Dividend Yield That Shouldn't Be Cut (NYSE:HR) | Old North State Wealth News
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Healthcare Realty: An 8.9% Dividend Yield That Shouldn’t Be Cut (NYSE:HR)

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JillLang

I’ve been buying Healthcare Realty Trust (NYSE:HR) in recent weeks as REITs pulled back in response to sticky inflation numbers and comments from the Fed that they’re willing to keep base interest rates higher for longer. HR is an688-property portfolio

HR

Market capitalization

$5.4 billion

Annualized dividend

$1.24 per share

Dividend yield

8.9%

Dividend coverage (Annualized 2023 fourth quarter NFFO)

125% ($1.56 per share)

Price to annualized 2023 fourth quarter NFFO

9x

Credit rating

“BBB”

Geographic spread

US only

1-year return

-30%

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