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Healthcare Realty Trust downgraded to Neutral from Buy at Citi
The Fly

Healthcare Realty Trust downgraded to Neutral from Buy at Citi

Citi analyst Nicholas Joseph downgraded Healthcare Realty Trust to Neutral from Buy with a price target of $22, down from $22.50. The analyst continues to believes that medical office real estate could hold up better in an economic downturn relative to other real estate subsectors, but he says internal growth upside remains limited and execution on external growth has become more challenged for Healthcare Realty.

Published first on TheFly

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