Healthcare Realty Trust (NYSE:HR) Stock Price Target Cut by Wells Fargo & Company

Healthcare Realty Trust (NYSE:HR) had its target price reduced by equities research analysts at Wells Fargo & Company from $20.00 to $18.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 4.38% from the company’s previous close.

A number of other analysts also recently issued reports on the company. Royal Bank Of Canada raised their target price on Healthcare Realty Trust from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th. UBS Group dropped their price objective on shares of Healthcare Realty Trust from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, October 13th. Jefferies Financial Group initiated coverage on shares of Healthcare Realty Trust in a research note on Tuesday, September 15th. They issued a “hold” rating and a $20.00 target price for the company. JPMorgan Chase & Co. upped their price target on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Finally, Cantor Fitzgerald raised their price objective on shares of Healthcare Realty Trust from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Healthcare Realty Trust presently has a consensus rating of “Hold” and an average price target of $21.20.

Healthcare Realty Trust Stock Down 1.3%

NYSE HR traded down $0.23 during trading hours on Monday, reaching $17.25. 870,205 shares of the company were exchanged, compared to its average volume of 3,907,303. Healthcare Realty Trust has a 1 year low of $16.31 and a 1 year high of $22.04. The business’s 50 day simple moving average is $18.47 and its 200-day simple moving average is $19.36. The stock has a market capitalization of $5.91 billion, a P/E ratio of -66.33 and a beta of 0.97.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Thursday, July 30th. The real estate investment trust reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.53). Healthcare Realty Trust had a negative net margin of 7.59% and a negative return on equity of 1.91%. The company had revenue of $278.58 million during the quarter, compared to analysts’ expectations of $271.60 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The firm’s revenue was down 5.3% compared to the same quarter last year. Healthcare Realty Trust has set its FY 2026 guidance at 1.620-1.660 EPS. As a group, sell-side analysts anticipate that Healthcare Realty Trust will post 1.65 earnings per share for the current year.

Insiders Place Their Bets

In other Healthcare Realty Trust news, COO Robert Hull sold 21,000 shares of Healthcare Realty Trust stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $19.11, for a total transaction of $401,310.00. Following the completion of the transaction, the chief operating officer owned 276,338 shares of the company’s stock, valued at $5,280,819.18. The trade was a 7.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.56% of the stock is owned by insiders.

Hedge Funds Weigh In On Healthcare Realty Trust

Large investors have recently modified their holdings of the company. Resolution Capital Ltd increased its holdings in Healthcare Realty Trust by 72.4% during the 1st quarter. Resolution Capital Ltd now owns 14,034,367 shares of the real estate investment trust’s stock worth $238,444,000 after acquiring an additional 5,892,501 shares during the period. Renaissance Technologies LLC boosted its holdings in Healthcare Realty Trust by 100.0% in the 1st quarter. Renaissance Technologies LLC now owns 1,549,172 shares of the real estate investment trust’s stock valued at $26,320,000 after purchasing an additional 774,500 shares during the period. Sei Investments Co. boosted its holdings in Healthcare Realty Trust by 20.0% in the 1st quarter. Sei Investments Co. now owns 3,942,866 shares of the real estate investment trust’s stock valued at $66,989,000 after purchasing an additional 656,968 shares during the period. Public Employees Retirement System of Ohio bought a new position in Healthcare Realty Trust in the 2nd quarter valued at $9,937,000. Finally, Edgestream Partners L.P. purchased a new position in shares of Healthcare Realty Trust during the 1st quarter valued at $6,490,000.

About Healthcare Realty Trust

Healthcare Realty Trust Incorporated (NYSE:HR) is a real estate investment trust focused on owning, operating, and developing healthcare-related properties. The company primarily serves outpatient healthcare providers, including hospitals, health systems, physician groups, and other medical organizations.

Its portfolio is centered on outpatient facilities such as medical office buildings, ambulatory surgery centers, and other properties that support healthcare delivery outside traditional hospitals.