Raymond James Upgrades Healthcare Realty Trust to 'Buy'

Raymond James has upgraded Healthcare Realty Trust Incorporated (NYSE:HR) to a 'buy' rating with a price target of $24. Analyst David Rodgers made the call on June 17, 2026, as the stock traded around $20.50.

Analysts Set New Price Targets

On June 17, 2026, Raymond James reinstated its 'buy' rating for Healthcare Realty Trust, setting a price target of $24. This upgrade reflects a positive outlook for the company's stock. Other analysts have also weighed in recently: Wells Fargo maintained a 'hold' rating with a $21 target on June 1, while Scotiabank maintained a 'buy' rating with a $22 target on May 8. Overall, the consensus from 11 analyst opinions remains a 'hold', with an average target price of approximately $20.82.

Other Institutional Activity in Healthcare Realty Trust

Several institutional investors have adjusted their positions in Healthcare Realty Trust. BlackRock, Inc. increased its holdings by 1,228,380 shares, ending with 54,844,563 shares valued at about $931.8 million. Cohen & Steers, Inc. reduced its stake by 3,858,978 shares, now holding 52,446,482 shares worth approximately $891.1 million. Vanguard Portfolio Management LLC established a new position with 28,623,399 shares valued at $486.3 million. Meanwhile, State Street Corp trimmed its position by 381,410 shares, leaving it with 17,069,935 shares valued at around $290 million.

Healthcare Realty Trust Incorporated Stock Down 1.1%

Shares of NYSE:HR recently traded at $20.50. The company has a market cap of about $7.1 billion. Its forward P/E ratio is not meaningful due to negative earnings, but it has a beta of 0.827, indicating lower volatility compared to the broader market. The stock's 52-week range is between $14.92 and $20.90, with a 50-day moving average of $19.40 and a 200-day moving average of $18.12.

Insider Buying and Selling at Healthcare Realty Trust Incorporated

In recent insider activity, directors Donald Wood, Thomas Bohjalian, David Henry, Constance Moore, and Glenn Rufrano each purchased 6,683 shares at $20.20 on May 19, 2026. In contrast, President and CEO Peter Scott sold 36,029 shares at $17.84 on April 14, 2026.

About Healthcare Realty Trust

Healthcare Realty Trust Incorporated is a real estate investment trust that specializes in owning and operating medical outpatient buildings. These properties are primarily located near leading hospital campuses across the United States. Headquartered in Nashville, Tennessee, and led by CEO Peter A. Scott, the company manages 579 properties across 28 states, totaling 33.6 million square feet. Healthcare Realty Trust continues to grow its portfolio through strategic acquisitions and development.

Bottom Line

Raymond James' upgrade of Healthcare Realty Trust to a 'buy' rating with a $24 target highlights a renewed confidence in the company's prospects. Investors track such analyst updates for insights into potential stock movements. However, it's important to remember that analyst ratings are based on current information and may not predict future performance accurately.