Despite Healthcare Realty Trust Inc [HR]’s great opportunity, the stock is a bit overvalued

In yesterday’s Wall Street session, Healthcare Realty Trust Inc (NYSE:HR) shares traded at $16.22, up 0.43% from the previous session.

HR stock price is now 6.20% away from the 50-day moving average and 6.15% away from the 200-day moving average. The market capitalization of the company currently stands at $6.14B.

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With the price target reduced from $19 to $15, Wedbush Downgraded its rating from Outperform to Neutral for Healthcare Realty Trust Inc (NYSE: HR). On February 20, 2024, Stifel Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $19 to quote $15, while ‘Deutsche Bank’ rates the stock as ‘Hold’

In other news, Hull Robert E, EVP – Investments sold 25,394 shares of the company’s stock on Dec 19 ’23. The stock was sold for $431,952 at an average price of $17.01. Upon completion of the transaction, the EVP – Investments now directly owns 169,257 shares in the company, valued at $2.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 15 ’23, EVP – Operations Wilson Julie F. sold 4,100 shares of the business’s stock. A total of $70,930 was realized by selling the stock at an average price of $17.30. This leaves the insider owning 116,233 shares of the company worth $1.89 million. A total of 0.58% of the company’s stock is owned by insiders.

During the past 12 months, Healthcare Realty Trust Inc has had a low of $12.77 and a high of $20.25. The fifty day moving average price for HR is $15.3154 and a two-hundred day moving average price translates $15.2741 for the stock.

The latest earnings results from Healthcare Realty Trust Inc (NYSE: HR) was released for 2024-03-31. The net profit margin was -37.87% and return on equity was -7.36% for HR. The company reported revenue of $326.81 million for the quarter, compared to $332.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.84 percent.

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