In a report released today, Joseph France from Cantor Fitzgerald maintained a Buy rating on Healthcare Realty (NYSE: HR), with a price target of $34. The company’s shares opened today at $27.87, close to its 52-week low of $26.27.
France noted:
“Updated outlook, 2018-19. We are trimming our 2018 estimates to reflect the new, lower acquisition guidance. Our revised 2018 estimates include revenue of $453 million (vs. our prior $456 million), FFO of $1.59 (unchanged), nFFO of $1.59 (vs. prior $1.60) and FAD of $1.24 (vs. prior $1.16). Our 2019 estimates include revenue of $471 million, FFO of $1.69, nFFO of $1.69 and FAD of $1.29.”
According to TipRanks.com, France is a 4-star analyst with an average return of 9.7% and a 55.2% success rate. France covers the Services sector, focusing on stocks such as Cross Country Healthcare, Five Star Quality Care, and US Physical Therapy.
Healthcare Realty has an analyst consensus of Hold, with a price target consensus of $30.
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The company has a one-year high of $36.25 and a one-year low of $26.27. Currently, Healthcare Realty has an average volume of 1.08M.
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Healthcare Realty Trust, Inc a real estate investment trust that owns, leases, manages, acquires, finances, develops and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.
