Wedbush analyst Richard Anderson downgrades $Healthcare Realty Trust Inc (HR.US)$ to a sell rating, and adjusts the target price from $18 to $16.
According to TipRanks data, the analyst has a success rate of 73.0% and a total average return of 9.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Healthcare Realty Trust Inc (HR.US)$'s main analysts recently are as follows:
Healthcare Realty Trust is described as a 'work in progress,' trading at a premium multiple compared to its nearest peer. The process of resetting leadership could potentially distract from efforts to expand the business.
Healthcare Realty Trust is facing a challenging phase as it transitions into 2025 with new leadership, limited possibilities for external growth, and a heightened risk of dividend reduction. The company recently dismissed its CEO and indicated that appointing a new permanent CEO could take between 6 to 9 months. This leadership vacuum occurs at a time when the company's high leverage and cost of equity constrain its external growth, coupled with uncertainties surrounding the sustainability of its dividend.
Note:
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