Healthcare Realty Trust (NYSE:HR) Receives "Underperform" Rating from Raymond James Financial

Key Points

• Healthcare Realty Trust was downgraded from "market perform" to "underperform" by Raymond James Financial, indicating potential concerns about its performance.
• Other research firms presented mixed views, with Wells Fargo lowering their price target to $16, while BTIG maintained a "buy" rating with a $20 target.
• The company reported earnings of $0.41 per share, slightly above estimates, and set guidance for FY 2025 at 1.570-1.610 EPS.

Healthcare Realty Trust (NYSE:HR - Get Free Report)'s stock had its "underperform" rating reissued by stock analysts at Raymond James Financial in a research report issued to clients and investors on Monday, MarketBeat reports.

A number of other research analysts have also issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Thursday, June 26th. Wall Street Zen lowered shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. BTIG Research restated a "buy" rating and set a $20.00 price objective on shares of Healthcare Realty Trust in a report on Wednesday, September 10th. Wells Fargo & Company boosted their price objective on shares of Healthcare Realty Trust from $15.00 to $16.00 and gave the stock an "underweight" rating in a report on Wednesday, August 27th. Finally, Scotiabank upgraded shares of Healthcare Realty Trust from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the stock from $18.00 to $20.00 in a report on Friday, September 5th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $17.67.

Healthcare Realty Trust Trading Up 0.2%

Healthcare Realty Trust stock opened at $18.36 on Monday. The company has a market capitalization of $6.45 billion, a P/E ratio of -15.96 and a beta of 0.94. The firm's fifty day simple moving average is $16.74 and its 200-day simple moving average is $15.99. Healthcare Realty Trust has a 1-year low of $14.09 and a 1-year high of $18.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. The business had revenue of $287.07 million for the quarter, compared to the consensus estimate of $290.83 million. Healthcare Realty Trust had a negative net margin of 32.95% and a negative return on equity of 7.70%. During the same quarter last year, the firm earned $0.38 EPS. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. On average, equities research analysts predict that Healthcare Realty Trust will post 1.59 earnings per share for the current year.

Insider Activity at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian bought 10,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was purchased at an average price of $16.46 per share, with a total value of $164,600.00. Following the completion of the purchase, the director owned 75,520 shares of the company's stock, valued at approximately $1,243,059.20. This trade represents a 15.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Julie F. Wilson sold 15,000 shares of the company's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $270,000.00. Following the completion of the sale, the executive vice president directly owned 113,419 shares of the company's stock, valued at $2,041,542. The trade was a 11.68% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.37% of the company's stock.

Institutional Investors Weigh In On Healthcare Realty Trust

Several large investors have recently made changes to their positions in HR. Focus Partners Wealth boosted its holdings in Healthcare Realty Trust by 23.5% during the fourth quarter. Focus Partners Wealth now owns 20,254 shares of the real estate investment trust's stock worth $352,000 after purchasing an additional 3,850 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Healthcare Realty Trust during the fourth quarter worth $45,000. Nuveen Asset Management LLC boosted its holdings in Healthcare Realty Trust by 22.0% during the fourth quarter. Nuveen Asset Management LLC now owns 1,560,813 shares of the real estate investment trust's stock worth $26,456,000 after purchasing an additional 281,030 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in Healthcare Realty Trust by 90.7% during the fourth quarter. Quantinno Capital Management LP now owns 21,632 shares of the real estate investment trust's stock worth $367,000 after purchasing an additional 10,287 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in Healthcare Realty Trust by 4.8% during the fourth quarter. ProShare Advisors LLC now owns 16,581 shares of the real estate investment trust's stock worth $281,000 after purchasing an additional 756 shares during the last quarter.

About Healthcare Realty Trust

Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.