Scotiabank Upgrades Healthcare Realty Trust to Sector Outperform, Analysts Predict 2.47% Upside

Scotiabank upgraded Healthcare Realty Trust (NYSE:HR) from Sector Perform to Sector Outperform. The average one-year price target for HR is $17.92/share, representing a 2.47% increase from its latest closing price. The projected annual revenue for HR is 1,758MM, up 43.83%, with a projected annual non-GAAP EPS of -0.17. Institutions hold 451,200K shares, up 1.71% from the previous quarter.

Scotiabank has upgraded Healthcare Realty Trust (NYSE:HR) from Sector Perform to Sector Outperform, with an average one-year price target of $17.92 per share. This represents a 2.47% increase from the company's latest closing price. The projected annual revenue for HR is 1,758MM, marking a 43.83% increase, while the projected annual non-GAAP EPS is -0.17. Institutions now hold 451,200K shares, up 1.71% from the previous quarter.

Healthcare Realty Trust is a self-managed and self-administered real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around hospital campuses. The company selectively grows its portfolio through property acquisition and development, with a focus on facilities near acute care hospitals. The portfolio includes nearly 700 properties totaling over 40 million square feet, concentrated in 15 growth markets. The company's properties serve a broad tenant mix, including over 30 physician specialties, as well as surgery, imaging, cancer, and diagnostic centers.

The upgrade from Scotiabank comes after a period of increased scrutiny and analysis of the company's financials and market position. The positive outlook is driven by the company's strong financial performance, particularly its ability to generate consistent revenue growth and maintain a healthy dividend payout ratio. However, the negative non-GAAP EPS projection indicates that the company is still operating at a loss.

Investors should closely monitor the company's earnings reports and any further upgrades or downgrades from other financial institutions. The recent increase in short interest and the decrease in insider ownership suggest a shift in investor sentiment, which could impact the stock's performance in the coming months.

References:
[1] https://www.marketbeat.com/stocks/NYSE/HR/
[2] https://www.marketscreener.com/news/healthcare-realty-trust-shares-rise-after-upgrade-from-scotiabank-ce7d59d9dc8af327