Healthcare Realty Trust downgraded to Underperform from Neutral at Wedbush

Wedbush downgraded Healthcare Realty Trust (HR) 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.”