Jefferies Downgrades Healthcare Realty Trust (HR) to Hold

Jefferies analyst Jonathan Petersen downgraded Healthcare Realty Trust (NYSE: HR) from Buy to Hold with a price target of $17.00 (from $19.00).

The analyst comments: "It is time for us to move to the sidelines as we are entering 2025 with a leadership change, limited external growth potential, and elevated dividend cut risk. HR dismissed its former CEO in November '24 and messaged that it would take 6-9 months to appoint a new, permanent CEO. This comes as HR is unable to grow externally (high leverage and cost of equity) and has a dividend that may take multiple quarters to cover. We see a lot of uncertainty and move our rating to Hold."

For an analyst ratings summary and ratings history on Healthcare Realty Trust click here. For more ratings news on Healthcare Realty Trust click here.

Shares of Healthcare Realty Trust closed at $16.95 yesterday.

You May Also Be Interested In

• Blaize Inc. (BZAI) PT Lowered to $2 at Rosenblatt
• Evercore ISI Starts Alvotech SA (ALVO) at Outperform
• Wolfe Research Downgrades T-Mobile (TMUS) to Peerperform