Cantor Fitzgerald Initiates Coverage on Healthcare Realty Trust (NYSE:HR)

Key Points

• Healthcare Realty Trust has been upgraded to a "strong-buy" rating by Cantor Fitzgerald, reflecting growing analyst confidence in the stock.
• The company has a market cap of $6.46 billion and currently holds a consensus target price of $18.43, with mixed opinions from various analysts regarding its future performance.
• In recent trading, shares of Healthcare Realty Trust increased by 2.0%, demonstrating positive market response to the upgraded rating.

Equities researchers at Cantor Fitzgerald initiated coverage on shares of Healthcare Realty Trust (NYSE:HR - Get Free Report) in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The brokerage set an "overweight" rating and a $23.00 price target on the real estate investment trust's stock. Cantor Fitzgerald's price target points to a potential upside of 25.12% from the stock's previous close.

A number of other equities analysts have also recently commented on the stock. Raymond James Financial cut shares of Healthcare Realty Trust from a "market perform" rating to an "underperform" rating in a research report on Monday, September 15th. Scotiabank upgraded shares of Healthcare Realty Trust from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the stock from $18.00 to $20.00 in a research report on Friday, September 5th. BTIG Research reaffirmed a "buy" rating and issued a $20.00 target price on shares of Healthcare Realty Trust in a research report on Monday. Wells Fargo & Company increased their target price on Healthcare Realty Trust from $15.00 to $16.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 27th. Finally, JPMorgan Chase & Co. reduced their price target on Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $18.43.

Healthcare Realty Trust Stock Up 2.0%

Shares of NYSE HR opened at $18.38 on Wednesday. The business's 50 day moving average price is $17.21 and its two-hundred day moving average price is $16.12. The company has a market cap of $6.46 billion, a PE ratio of -15.98 and a beta of 0.96. Healthcare Realty Trust has a twelve month low of $14.09 and a twelve month high of $18.82.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. The company had revenue of $287.07 million during the quarter, compared to analysts' expectations of $290.83 million. Healthcare Realty Trust had a negative return on equity of 7.70% and a negative net margin of 32.95%.During the same period last 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, research analysts anticipate that Healthcare Realty Trust will post 1.59 EPS for the current fiscal year.

Insider Buying and Selling at Healthcare Realty Trust

In related news, EVP Julie F. Wilson sold 15,000 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $18.00, for a total value of $270,000.00. Following the transaction, the executive vice president owned 113,419 shares in the company, valued at approximately $2,041,542. This trade represents a 11.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas N. Bohjalian acquired 10,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average cost of $16.46 per share, with a total value of $164,600.00. Following the transaction, the director directly owned 75,520 shares of the company's stock, valued at $1,243,059.20. This trade represents a 15.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.37% of the stock is owned by insiders.

Hedge Funds Weigh In On Healthcare Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its holdings in shares of Healthcare Realty Trust by 16.4% in the first quarter. Harbor Capital Advisors Inc. now owns 4,945 shares of the real estate investment trust's stock worth $84,000 after buying an additional 695 shares in the last quarter. Focus Financial Network Inc. increased its holdings in Healthcare Realty Trust by 6.9% during the 1st quarter. Focus Financial Network Inc. now owns 11,868 shares of the real estate investment trust's stock worth $201,000 after acquiring an additional 762 shares during the period. Comprehensive Money Management Services LLC increased its holdings in Healthcare Realty Trust by 4.7% during the 1st quarter. Comprehensive Money Management Services LLC now owns 17,918 shares of the real estate investment trust's stock worth $303,000 after acquiring an additional 800 shares during the period. CWM LLC lifted its stake in Healthcare Realty Trust by 4.1% in the 2nd quarter. CWM LLC now owns 21,991 shares of the real estate investment trust's stock worth $349,000 after purchasing an additional 868 shares in the last quarter. Finally, Sagespring Wealth Partners LLC boosted its holdings in Healthcare Realty Trust by 6.5% in the 1st quarter. Sagespring Wealth Partners LLC now owns 14,407 shares of the real estate investment trust's stock valued at $243,000 after purchasing an additional 884 shares during the period.

Healthcare Realty Trust Company Profile

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.