Healthcare Realty Trust (NYSE:HR) Stock Rating Upgraded by Scotiabank

Key Points

• Healthcare Realty Trust (NYSE:HR) received an upgrade from Scotiabank, moving from a "sector perform" to a "sector outperform" rating, with a price target of $20.00, indicating a potential upside of 14.32%.
• Despite the upgrade from Scotiabank, other analysts have mixed views, with Wall Street Zen downgrading the stock to a "sell" and a consensus rating of "hold" with a price target of $17.20.
• Insider activity includes Director Thomas N. Bohjalian purchasing 10,000 shares at $16.46 each, increasing his ownership significantly.

Healthcare Realty Trust (NYSE:HR - Get Free Report) was upgraded by investment analysts at Scotiabank from a "sector perform" rating to a "sector outperform" rating in a note issued to investors on Friday,Finviz reports. The brokerage currently has a $20.00 price target on the real estate investment trust's stock. Scotiabank's target price would suggest a potential upside of 14.32% from the stock's current price.

A number of other research analysts also recently issued reports on the company. Wall Street Zen downgraded Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. Wells Fargo & Company upped their price objective on Healthcare Realty Trust from $15.00 to $16.00 and gave the company an "underweight" rating in a research note on Wednesday, August 27th. Finally, JPMorgan Chase & Co. reduced their price objective 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 equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $17.20.

Healthcare Realty Trust Trading Up 0.3%

Shares of Healthcare Realty Trust stock opened at $17.50 on Friday. The stock has a fifty day simple moving average of $16.45 and a 200 day simple moving average of $15.94. Healthcare Realty Trust has a 12-month low of $14.09 and a 12-month high of $18.90. The company has a market capitalization of $6.15 billion, a P/E ratio of -15.21 and a beta of 0.94.

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

Insiders Place Their Bets

In related news, Director Thomas N. Bohjalian bought 10,000 shares of Healthcare Realty Trust stock in a transaction on Wednesday, August 13th. The stock was acquired at an average price of $16.46 per share, with a total value of $164,600.00. Following the acquisition, the director directly owned 75,520 shares of the company's stock, valued at $1,243,059.20. This 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 is available through this hyperlink. 0.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HR. Golden State Wealth Management LLC bought a new stake in shares of Healthcare Realty Trust during the 1st quarter valued at about $26,000. SVB Wealth LLC bought a new stake in shares of Healthcare Realty Trust during the 1st quarter valued at about $35,000. Anchor Investment Management LLC bought a new stake in Healthcare Realty Trust in the 1st quarter worth approximately $38,000. Lazard Asset Management LLC bought a new stake in Healthcare Realty Trust in the 4th quarter worth approximately $45,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in Healthcare Realty Trust in the 1st quarter worth approximately $48,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.