Healthcare Trust Of America Now Covered by JPMorgan Chase (HTA)
Investment analysts at JPMorgan Chase began coverage on shares of Healthcare Trust Of America (NYSE: HTA) in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
The analysts wrote, “The company was formed in 2006 and operated as a non-traded REIT until its June 2012 NYSE listing. HTA is a health care REIT that is focused primarily on the ownership and operation of medical office buildings (MOBs), and the company is well positioned to generate stable, low single-digit, core growth which it will supplement via acquisition activity. On the positive side, the underlying business should produce stable mid-single digit growth and we think the stock’s 5.0% dividend yield should be attractive to income-oriented investors. However, the stock has been a strong performer since its listing which puts valuation well inside of its acquisition cap rates, and we continue to prefer more economically leveraged property sectors at this point in the cycle.”
Shares of Healthcare Trust Of America (NYSE: HTA) traded down 1.13% during mid-day trading on Friday, hitting $11.35. Healthcare Trust Of America has a one year low of $9.07 and a one year high of $12.21. The stock’s 50-day moving average is currently $11.38. The company’s market cap is $2.447 billion.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of Healthcare Trust Of America in a research note to investors on Tuesday. They set a “hold” rating on the stock. Separately, analysts at Raymond James initiated coverage on shares of Healthcare Trust Of America in a research note to investors on Tuesday, February 26th. They set a “market perform” rating on the stock. Finally, analysts at Robert W. Baird initiated coverage on shares of Healthcare Trust Of America in a research note to investors on Monday, January 14th. They set an “outperform” rating and a $11.00 price target on the stock.
Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Healthcare Trust Of America presently has an average rating of “Hold” and an average target price of $11.00.
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