Jefferies LLC analyst Omotayo Okusanya initiated coverage ofHealthcare Realty TrustInc. with a rating of "buy," and a price target of $35.
The analyst wrote in a research report: "We view HR asthe 'best-in-class' play. HR has the highest quality portfolio amongst the 'pure-play'MOB REITs given the high exposure to on-campus assets, top healthcare systemsand top MSAs in the country. Catalysts we expect include stronger than expectedFFO/sh growth in 2017 and a possible dividend increase. The main risk we see isthe meaningful exposure to MSAs with significant increases in supply."