Healthcare Realty Trust (NYSE:HR) Price Target Raised to $16.00 at Wells Fargo & Company

Key Points

• Wells Fargo & Company raised the price target for Healthcare Realty Trust (NYSE:HR) from $15.00 to $16.00, indicating a potential downside of 6.30% from its current price.
• Several research firms have downgraded their ratings on the stock, with Wedbush and Wall Street Zen adjusting their targets and ratings recently.
• Healthcare Realty Trust's recent earnings report showed an EPS of $0.41, slightly beating estimates, but the company continues to operate with a negative net margin of 32.95%.

Healthcare Realty Trust (NYSE:HR - Get Free Report) had its price target boosted by analysts at Wells Fargo & Company from $15.00 to $16.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an "underweight" rating on the real estate investment trust's stock. Wells Fargo & Company's target price would indicate a potential downside of 6.30% from the company's current price.

A number of other research firms have also recently issued reports on HR. Wedbush cut their price objective on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Wall Street Zen downgraded Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. Finally, JPMorgan Chase & Co. dropped their price target on 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. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $16.60.

Healthcare Realty Trust Stock Up 0.3%

HR traded up $0.06 during trading on Wednesday, reaching $17.08. 184,666 shares of the stock traded hands, compared to its average volume of 3,117,068. The stock has a market capitalization of $6.00 billion, a PE ratio of -14.85 and a beta of 0.89. The stock's 50-day moving average is $16.17 and its 200 day moving average is $15.89. Healthcare Realty Trust has a 12 month low of $14.09 and a 12 month high of $18.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.41 EPS 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 analysts' expectations 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 in the prior year, the firm posted $0.38 earnings per share. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. As a group, equities research analysts anticipate that Healthcare Realty Trust will post 1.59 EPS for the current year.

Insiders Place Their Bets

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian acquired 10,000 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were acquired at an average price of $16.46 per share, for a total transaction of $164,600.00. Following the completion of the acquisition, the director owned 75,520 shares in the company, valued at $1,243,059.20. This trade represents a 15.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.37% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Crossmark Global Holdings Inc. bought a new position in shares of Healthcare Realty Trust in the first quarter worth approximately $228,000. Golden State Wealth Management LLC bought a new position in shares of Healthcare Realty Trust in the first quarter worth approximately $26,000. Oppenheimer Asset Management Inc. lifted its stake in shares of Healthcare Realty Trust by 31.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 60,301 shares of the real estate investment trust's stock worth $1,019,000 after buying an additional 14,400 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Healthcare Realty Trust by 8.6% in the first quarter. Sequoia Financial Advisors LLC now owns 14,803 shares of the real estate investment trust's stock worth $250,000 after buying an additional 1,171 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Healthcare Realty Trust in the first quarter worth approximately $618,000.

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.

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