Wells Fargo & Company Issues Positive Forecast for Healthcare Realty Trust (NYSE:HR) Stock Price

Healthcare Realty Trust (NYSE:HR) had its price target hoisted by analysts at Wells Fargo & Company from $18.00 to $19.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price points to a potential upside of 4.48% from the company’s previous close.

A number of other analysts have also recently commented on HR. Cantor Fitzgerald began coverage on Healthcare Realty Trust in a research report on Wednesday, October 1st. They set an “overweight” rating and a $23.00 price target for the company. BTIG Research restated a “buy” rating and issued a $20.00 price objective on shares of Healthcare Realty Trust in a research note on Monday, September 29th. Citigroup upped their target price on Healthcare Realty Trust from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Raymond James Financial downgraded shares of Healthcare Realty Trust from a “market perform” rating to an “underperform” rating in a report on Monday, September 15th. Finally, Scotiabank raised shares of Healthcare Realty Trust from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $18.00 to $20.00 in a research report on Friday, September 5th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Healthcare Realty Trust has a consensus rating of “Hold” and a consensus price target of $18.89.

Healthcare Realty Trust Stock Performance

HR stock traded up $0.23 during trading on Tuesday, reaching $18.19. The company had a trading volume of 429,020 shares, compared to its average volume of 3,316,200. The company has a market cap of $6.39 billion, a price-to-earnings ratio of -15.81 and a beta of 0.95. Healthcare Realty Trust has a twelve month low of $14.09 and a twelve month high of $18.97. The firm has a 50-day simple moving average of $18.05 and a 200-day simple moving average of $16.69.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Healthcare Realty Trust had a negative net margin of 32.95% and a negative return on equity of 7.70%. The business had revenue of $297.77 million during the quarter, compared to analysts’ expectations of $291.10 million. During the same quarter last year, the company posted $0.39 earnings per share. The business’s quarterly revenue was down 6.2% on a year-over-year basis. Healthcare Realty Trust has set its FY 2025 guidance at 1.590-1.60 EPS. Sell-side analysts expect that Healthcare Realty Trust will post 1.59 earnings per share for the current year.

Insider Transactions at Healthcare Realty Trust

In related news, EVP Julie F. Wilson sold 15,000 shares of the stock in a transaction 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 sale, the executive vice president directly owned 113,419 shares of the company’s stock, valued at approximately $2,041,542. This represents a 11.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.37% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wiser Advisor Group LLC acquired a new stake in shares of Healthcare Realty Trust during the 3rd quarter valued at about $25,000. Smartleaf Asset Management LLC increased its stake in shares of Healthcare Realty Trust by 179.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,608 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,033 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in Healthcare Realty Trust in the 3rd quarter worth about $32,000. SVB Wealth LLC acquired a new position in Healthcare Realty Trust in the 1st quarter worth about $35,000. Finally, Anchor Investment Management LLC acquired a new stake in Healthcare Realty Trust in the first quarter valued at approximately $38,000.

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.