Healthcare Realty Trust Inc (HR) stock expected to rise by 50.65%: What’s driving the optimism?

A share price of Healthcare Realty Trust Inc [HR] is currently trading at $13.94, up 4.26%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HR shares have gain 5.05% over the last week, with a monthly amount glided 4.97%, and seem to be holding up well over a long-time horizon.

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On 4, March 2024, Healthcare Realty Trust Announces Planned Retirement of Two Directors and 2024 Nominees. In a post published today on Yahoo Finance, Healthcare Realty Trust Incorporated (NYSE:HR) today announced the nomination of 11 of its current 13 directors to stand for election to its Board of Directors at the Company’s annual meeting of stockholders to be held on May 21, 2024. The Board has also fixed its size at 11 directors pursuant to the authority granted under the Company’s bylaws.

From an analyst’s perspective:

Healthcare Realty Trust Inc [NYSE: HR] stock has seen the most recent analyst activity on February 20, 2024, when Wedbush downgraded its rating to a Neutral and also revised its price target to $15 from $19. Previously, Stifel downgraded its rating to Hold on February 20, 2024, and dropped its price target to $15. On January 30, 2024, Deutsche Bank initiated with a Hold rating and assigned a price target of $18 on the stock. BTIG Research upgraded its rating to a Buy but stick to its price target of $17 on October 24, 2023. JP Morgan upgraded its rating to a Overweight but $19 remained the price target by the analyst firm on October 12, 2023. Wedbush started tracking with a Outperform rating for this stock on October 03, 2023, and assigned it a price target of $17. In a note dated April 20, 2023, Wells Fargo initiated an Equal Weight rating.

Healthcare Realty Trust Inc experienced fluctuations in its stock price throughout the past year between $12.77 and $20.32. Currently, Wall Street analysts expect the stock to reach $21 within the next 12 months. Healthcare Realty Trust Inc [NYSE: HR] shares were valued at $13.94 at the most recent close of the market. An investor can expect a potential return of 50.65% based on the average HR price forecast.

Analyzing the HR fundamentals

Trailing Twelve Months sales for Healthcare Realty Trust Inc [NYSE:HR] were 1.34B which represents -2.25% decline. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at -0.21%, and Net Profit Margin reading is -0.23%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.04 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.73.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.61 points at the first support level, and at 13.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.11, and for the 2nd resistance point, it is at 14.28.

Healthcare Realty Trust Inc [HR] reported earnings per share of -$0.11 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.11/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.18 per share as compared to estimates of -$0.13 per share, a difference of -$0.05 representing a surprise of -38.50%.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 3.95, the price to book ratio is 0.78.

Transactions by insiders

Recent insider trading involved Hull Robert E, EVP – Investments, that happened on Dec 19 ’23 when 25394.0 shares were sold. EVP – Operations, Wilson Julie F. completed a deal on Dec 15 ’23 to sell 4100.0 shares. Meanwhile, Director SINGLETON JOHN KNOX bought 31500.0 shares on Aug 16 ’23.

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