Wedbush downgraded Healthcare Realty Trust (HR) to Underperform from Neutral with a price target of $16, down from $18. The company “remains a work in progress” but the stock’s trades at a 2-to-3 turn multiple premium to its nearest peer, the analyst tells investors in a research note. The firm says Healthcare Realty resetting leadership may “expend energy that could otherwise be directed toward growing the business.”
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Read More on HR:
- Healthcare Realty Trust downgraded to Hold from Buy at Jefferies
- Healthcare Realty Trust downgraded to Neutral from Overweight at JPMorgan
- Healthcare Realty Trust price target raised to $17 from $16 at Wells Fargo
- Healthcare Realty Trust announces CFO, general counsel changes
- Healthcare Realty Trust Announces Key Leadership Changes
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
