Royal Bank Of Canada Begins Coverage on Healthcare Realty Trust (NYSE:HR)

Key Points

• Royal Bank of Canada has initiated coverage on Healthcare Realty Trust (NYSE:HR) with a "sector perform" rating and a price target of $19.00, indicating a potential upside of 7.28% from its previous close.
• Analysts' ratings on Healthcare Realty Trust vary, with three ratings classified as Buy, four as Hold, and three as Sell, reflecting mixed sentiment among investors.
• Healthcare Realty Trust reported earnings of $0.41 per share for the quarter, beating estimates while providing FY 2025 guidance of 1.570-1.610 EPS.

Research analysts at Royal Bank Of Canada assumed coverage on shares of Healthcare Realty Trust (NYSE:HR - Get Free Report) in a note issued to investors on Tuesday, MarketBeat reports. The firm set a "sector perform" rating and a $19.00 price target on the real estate investment trust's stock. Royal Bank Of Canada's price objective indicates a potential upside of 7.28% from the company's previous close.

A number of other analysts have also recently commented on the stock. Scotiabank raised shares of Healthcare Realty Trust from a "sector perform" rating to a "sector outperform" rating and upped their price target for the company from $18.00 to $20.00 in a research report on Friday, September 5th. BTIG Research reiterated a "buy" rating and issued a $20.00 target price on shares of Healthcare Realty Trust in a report on Monday, September 29th. Raymond James Financial lowered Healthcare Realty Trust from a "market perform" rating to an "underperform" rating in a research note on Monday, September 15th. JPMorgan Chase & Co. reduced their price objective on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Thursday, June 26th. Finally, Cantor Fitzgerald initiated coverage on shares of Healthcare Realty Trust in a research report on Wednesday, October 1st. They set an "overweight" rating and a $23.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Healthcare Realty Trust presently has an average rating of "Hold" and an average price target of $18.50.

Healthcare Realty Trust Price Performance

Shares of HR opened at $17.71 on Tuesday. The business has a 50-day moving average of $17.41 and a 200-day moving average of $16.16. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of -15.40 and a beta of 0.96. Healthcare Realty Trust has a 1 year low of $14.09 and a 1 year high of $18.82.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its 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 during 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 in the prior year, the firm posted $0.38 EPS. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. As a group, sell-side 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 purchased 10,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were acquired at an average price of $16.46 per share, with a total value of $164,600.00. Following the transaction, the director owned 75,520 shares in the company, valued at $1,243,059.20. The trade was a 15.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Julie F. Wilson sold 15,000 shares of Healthcare Realty Trust stock in a transaction dated Friday, September 5th. The shares were 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 of the company's stock, valued at $2,041,542. This trade represents a 11.68% decrease in their position. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Healthcare Realty Trust

Institutional investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new position in Healthcare Realty Trust during the 1st quarter valued at $26,000. SVB Wealth LLC purchased a new stake in shares of Healthcare Realty Trust in the first quarter valued at about $35,000. Anchor Investment Management LLC bought a new position in shares of Healthcare Realty Trust during the first quarter valued at about $38,000. Financial Gravity Companies Inc. purchased a new position in Healthcare Realty Trust during the second quarter worth about $45,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in Healthcare Realty Trust in the 1st quarter worth about $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.

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