JPMorgan Chase & Co. Raises Healthcare Realty Trust (NYSE:HR) Price Target to $21.00

Healthcare Realty Trust (NYSE:HR) had its price objective upped by JPMorgan Chase & Co. from $19.00 to $21.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 1.57% from the stock’s previous close.

HR has been the subject of several other reports. Wells Fargo & Company lifted their price target on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Raymond James Financial initiated coverage on shares of Healthcare Realty Trust in a research note on Tuesday, June 16th. They issued an “outperform” rating and a $24.00 target price for the company. Weiss Ratings downgraded Healthcare Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Cantor Fitzgerald increased their price target on Healthcare Realty Trust from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, UBS Group raised their price target on Healthcare Realty Trust from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Healthcare Realty Trust currently has an average rating of “Hold” and an average price target of $21.67.

Healthcare Realty Trust Trading Down 0.1%

Shares of HR opened at $20.68 on Thursday. The stock has a market cap of $7.16 billion, a PE ratio of -35.65 and a beta of 0.98. Healthcare Realty Trust has a 1 year low of $15.28 and a 1 year high of $20.90. The stock has a 50 day simple moving average of $20.21 and a 200-day simple moving average of $18.50.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $275.28 million for the quarter, compared to analysts’ expectations of $283.01 million. Healthcare Realty Trust had a negative return on equity of 4.29% and a negative net margin of 17.34%.The business’s revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. Healthcare Realty Trust has set its FY 2026 guidance at 1.590-1.65 EPS. On average, sell-side analysts forecast that Healthcare Realty Trust will post 1.62 EPS for the current fiscal year.

Insider Transactions at Healthcare Realty Trust

In other Healthcare Realty Trust news, CAO Amanda L. Callaway sold 25,767 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $20.37, for a total transaction of $524,873.79. Following the transaction, the chief accounting officer owned 109,954 shares of the company’s stock, valued at approximately $2,239,762.98. This represents a 18.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Healthcare Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Wiser Advisor Group LLC acquired a new position in shares of Healthcare Realty Trust during the third quarter valued at $25,000. Eurizon Capital SGR S.p.A. acquired a new stake in Healthcare Realty Trust in the fourth quarter worth about $37,000. Main Street Group LTD bought a new stake in Healthcare Realty Trust during the 1st quarter worth about $42,000. Prosperity Bancshares Inc bought a new stake in Healthcare Realty Trust during the 4th quarter worth about $42,000. Finally, Inspire Investing LLC acquired a new position in Healthcare Realty Trust during the 1st quarter valued at about $45,000.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust (NYSE: HR) is a real estate investment trust specializing in the ownership, acquisition and management of outpatient medical facilities. Headquartered in Nashville, Tennessee, the company’s portfolio is focused primarily on medical office buildings and outpatient healthcare properties that serve hospitals, health systems and other healthcare providers. Its business model centers on securing long-term, triple-net leases to generate stable income streams from a diversified tenant base.

The company’s properties are located across key metropolitan markets in the United States, including major healthcare hubs in the Southeast, Southwest and in select coastal regions.