Reported 2 days ago
Healthcare Realty Trust Incorporated (NYSE:HR) has emerged as a significant focus for activist investor Jeff Smith, whose firm, Starboard Value LP, took a 5.9% stake in the company and secured four board seats. Smith's strategy aims to enhance shareholder value following the problematic acquisition of Healthcare Trust of America, which has led to rising operational costs and declining stock performance. Despite facing challenges in recent returns, HR ranks second among Smith's top activist targets, highlighting its potential amidst a competitive investment landscape.
Source: YAHOO