HR stock is trading near $16.90, slightly below its recent 200-day moving average breakout, which is a bullish technical signal. However, Wedbush downgraded it to "Sell" with a $16 price target, citing leadership restructuring and valuation concerns. Bulls may argue its 52-week high of $18.90 suggests upside potential if operational improvements materialize.
What is bear's view on HR?
HR stock is currently trading at $16.90, with a bearish price target of $16 set by Wedbush, citing overvaluation and leadership restructuring concerns. The stock trades at a premium compared to peers, which could limit upside potential. Additionally, the ongoing CEO search may hinder operational focus, further justifying a bearish outlook.
What is HR revenue forecast for next quarter?
The market consensus for HR's revenue in the upcoming quarter is projected to be approximately $305.74M USD.
Wedbush downgraded Healthcare Realty Trust to Underperform from Neutral with a price target of $16, down from $18. The company "remains a work in progress" but the stock's trades at a 2-to-3 turn multiple premium to its nearest peer, the analyst tells investors in a research note. The firm says Healthcare Realty resetting leadership may "expend energy that could otherwise be directed toward growing the business."