Healthcare Realty Trust price target lowered to $17 from $19 at Wells Fargo

Wells Fargo analyst Connor Siversky lowered the firm’s price target on Healthcare Realty Trust to $17 from $19 and keeps an Equal Weight rating on the shares. Strong leasing trends and the potential for higher occupancy implies a positive fundamental backdrop for Healthcare Realty Trust, the firm says. The impact of higher rates on interest expense estimates and cap rates limits near-term performance potential, Wells adds.