Zacks Investment Research cut shares of Healthcare Trust of America, Inc. (NYSE:HTA) from a hold rating to a sell rating in a research report sent to investors on Tuesday.
According to Zacks, “Healthcare Trust of America, Inc. is a self-administered real estate investment trust. The Company primarily focuses on medical office buildings, healthcare-related facilities and quality commercial office properties. It also invests to a limited extent in other real estate-related assets. Its portfolio is positioned in metropolitan markets such as Atlanta, GA, Phoenix, AZ, Indianapolis, IN, Greenville, SC, Pittsburgh, PA, Albany, NY, Boston, MA and both Dallas and Houston, TX. Healthcare Trust of America, Inc. is headquartered in Scottsdale, Arizona. “
HTA has been the topic of several other reports. BidaskClub downgraded Healthcare Trust of America from a hold rating to a sell rating in a report on Monday, July 31st. TheStreet downgraded Healthcare Trust of America from a b- rating to a c rating in a report on Monday, July 31st. BMO Capital Markets raised Healthcare Trust of America from a market perform rating to an outperform rating and boosted their target price for the stock from $33.00 to $35.00 in a report on Tuesday, June 20th. They noted that the move was a valuation call. Wells Fargo & Company reissued an outperform rating and issued a $35.00 target price (up from $33.50) on shares of Healthcare Trust of America in a report on Friday, June 16th. Finally, FBR & Co assumed coverage on Healthcare Trust of America in a report on Tuesday, July 11th. They issued a mkt perform rating and a $32.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $34.50.
Shares of Healthcare Trust of America (NYSE:HTA) traded down 0.312% during trading on Tuesday, hitting $30.345. The company had a trading volume of 720,589 shares. Healthcare Trust of America has a 1-year low of $26.34 and a 1-year high of $34.64. The firm has a market capitalization of $6.09 billion, a P/E ratio of 148.750 and a beta of 0.32. The company’s 50 day moving average is $30.18 and its 200 day moving average is $30.93.
Healthcare Trust of America (NYSE:HTA) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.39 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. The company had revenue of $139.90 million for the quarter, compared to analysts’ expectations of $133.69 million. Healthcare Trust of America had a return on equity of 1.42% and a net margin of 6.07%. The firm’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 earnings per share. Analysts anticipate that Healthcare Trust of America will post $0.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Monday, October 2nd will be issued a $0.305 dividend. This is an increase from Healthcare Trust of America’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.22 dividend on an annualized basis and a yield of 4.01%. Healthcare Trust of America’s dividend payout ratio is currently 571.43%.
In other Healthcare Trust of America news, CEO Scott D. Peters sold 55,240 shares of the stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $32.06, for a total value of $1,770,994.40. Following the transaction, the chief executive officer now owns 405,092 shares of the company’s stock, valued at $12,987,249.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Healthcare Trust of America by 2.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,412 shares of the real estate investment trust’s stock worth $705,000 after buying an additional 512 shares during the last quarter. Brookstone Capital Management bought a new stake in shares of Healthcare Trust of America during the first quarter worth approximately $209,000. Canada Pension Plan Investment Board bought a new stake in shares of Healthcare Trust of America during the first quarter worth approximately $7,865,000. Russell Investments Group Ltd. boosted its stake in shares of Healthcare Trust of America by 39.3% in the first quarter. Russell Investments Group Ltd. now owns 585,942 shares of the real estate investment trust’s stock worth $18,433,000 after buying an additional 165,373 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of Healthcare Trust of America during the first quarter worth approximately $3,146,000. 70.89% of the stock is currently owned by institutional investors.
About Healthcare Trust of America
Healthcare Trust of America, Inc is a real estate investment trust. The Company is an owner and operator of medical office buildings (MOBs) in the United States. The Company focuses on owning and operating MOBs that serve healthcare delivery and are located on health system campuses, near university medical centers, or in community core outpatient locations.
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