Professional
Added to YB: 2025-03-03
Pitch date: 2025-01-13
HR [bullish]
Healthcare Realty Trust Incorporated
+16.29%
current return
Author Info
No bio for this author
Company Info
Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses.
Market Cap
$5.9B
Pitch Price
$14.87
Price Target
N/A
Dividend
5.65%
EV/EBITDA
13.85
P/E
-23.92
EV/Sales
8.57
Sector
Health Care REITs
Category
special_situation
13D Activist Fund New Position: Healthcare Realty Trust Incorporated
HR: Starboard activist campaign. Post-merger underperformance: expenses up, FFO yield 9% vs peers 5-6%, cap rate 7%, stock -15%. CEO exit. Two paths: 1) Standalone w/ board refresh, new CEO, cost cuts. 2) Sale to strategic buyer (e.g. Welltower's past $31.75 offer vs $17.58 now). Board changes made. Similar to Starboard's Forest City campaign.
Read full article (3 min)