Healthcare Trust Of America Inc (HTA) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Healthcare Trust Of America Inc (NYSE:HTA) have received a consensus rating of “Buy” from the ten ratings firms that are currently covering the firm. Three investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $34.29.
HTA has been the topic of several research analyst reports. Zacks Investment Research raised Healthcare Trust Of America from a “sell” rating to a “hold” rating in a research note on Tuesday, February 14th. BMO Capital Markets reiterated a “hold” rating and set a $33.00 target price on shares of Healthcare Trust Of America in a report on Wednesday, April 12th. Jefferies Group LLC raised their target price on Healthcare Trust Of America from $35.00 to $36.00 and gave the company a “buy” rating in a report on Monday, May 1st. Mitsubishi UFJ Financial Group reiterated a “buy” rating on shares of Healthcare Trust Of America in a report on Wednesday, May 3rd. Finally, Mitsubishi UFJ Financial Group Inc reiterated a “buy” rating on shares of Healthcare Trust Of America in a report on Thursday, May 4th.
In related news, CEO Scott D. Peters sold 65,000 shares of the firm’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $29.63, for a total transaction of $1,925,950.00. Following the sale, the chief executive officer now directly owns 460,332 shares in the company, valued at approximately $13,639,637.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Warren D. Fix bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were bought at an average price of $29.64 per share, for a total transaction of $88,920.00. Following the completion of the acquisition, the director now owns 56,425 shares in the company, valued at approximately $1,672,437. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Pacad Investment Ltd. acquired a new stake in Healthcare Trust Of America during the fourth quarter valued at about $102,000. WFG Advisors LP increased its stake in Healthcare Trust Of America by 466.3% in the fourth quarter. WFG Advisors LP now owns 2,809 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 2,313 shares in the last quarter. Comerica Bank acquired a new stake in Healthcare Trust Of America during the first quarter valued at about $202,000. Brookstone Capital Management acquired a new stake in Healthcare Trust Of America during the first quarter valued at about $209,000. Finally, Fort Washington Investment Advisors Inc. OH acquired a new stake in Healthcare Trust Of America during the first quarter valued at about $211,000. Institutional investors and hedge funds own 87.68% of the company’s stock.
Shares of Healthcare Trust Of America (NYSE:HTA) traded up 0.36% during mid-day trading on Monday, reaching $30.94. 2,028,335 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $31.43 and a 200-day moving average price of $30.03. Healthcare Trust Of America has a one year low of $26.34 and a one year high of $34.64. The stock has a market cap of $4.45 billion, a PE ratio of 91.00 and a beta of 0.27.
Healthcare Trust Of America (NYSE:HTA) last released its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. The business had revenue of $124.30 million for the quarter, compared to analyst estimates of $122.79 million. Healthcare Trust Of America had a return on equity of 2.58% and a net margin of 9.01%. The company’s revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 EPS. On average, analysts predict that Healthcare Trust Of America will post $0.39 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 11th. Investors of record on Wednesday, July 5th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 30th. This represents a $1.20 annualized dividend and a dividend yield of 3.88%. Healthcare Trust Of America’s payout ratio is currently 413.81%.
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Healthcare Trust Of America Company Profile
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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