Starboard Value Reduces Stake in Healthcare Realty Trust Amid Portfolio Reallocation and Financial Challenges

Starboard Value, led by Jeffrey Smith, has reduced its stake in Healthcare Realty Trust (HR) as part of a strategic portfolio reallocation. HR operates as a healthcare facility REIT with a market capitalization of $6.39 billion. Financial metrics indicate challenges in profitability and financial strength, with a Z-Score in the distress zone. The company's valuation metrics show a P/S ratio of 5.34 and a P/B ratio of 1.36.