$0.41 EPS Expected for Healthcare Trust of America, Inc. (HTA) This Quarter
Equities research analysts predict that Healthcare Trust of America, Inc. (NYSE:HTA) will announce earnings per share (EPS) of $0.41 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Healthcare Trust of America’s earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.40. Healthcare Trust of America reported earnings per share of $0.04 during the same quarter last year, which would suggest a positive year-over-year growth rate of 925%. The company is scheduled to report its next earnings results on Tuesday, October 24th.
According to Zacks, analysts expect that Healthcare Trust of America will report full-year earnings of $1.64 per share for the current fiscal year, with EPS estimates ranging from $1.62 to $1.67. For the next year, analysts expect that the business will report earnings of $1.76 per share, with EPS estimates ranging from $1.71 to $1.79. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Healthcare Trust of America.
Healthcare Trust of America (NYSE:HTA) last announced its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. Healthcare Trust of America had a return on equity of 1.42% and a net margin of 6.07%. The firm had revenue of $139.90 million for the quarter, compared to analysts’ expectations of $133.69 million. During the same period in the prior year, the business posted $0.38 earnings per share. The business’s revenue was up 23.6% compared to the same quarter last year.
HTA has been the subject of several analyst reports. Zacks Investment Research raised Healthcare Trust of America from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. BidaskClub cut Healthcare Trust of America from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Jefferies Group LLC raised Healthcare Trust of America to a “buy” rating and set a $36.00 price objective for the company in a report on Monday, June 5th. TheStreet cut Healthcare Trust of America from a “b-” rating to a “c” rating in a report on Monday, July 31st. Finally, UBS AG raised Healthcare Trust of America from an “outperform” rating to a “strong-buy” rating in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $34.14.
In other news, CEO Scott D. Peters sold 55,240 shares of the business’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $32.06, for a total transaction of $1,770,994.40. Following the completion of the transaction, the chief executive officer now owns 405,092 shares of the company’s stock, valued at approximately $12,987,249.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of HTA. V Wealth Management LLC acquired a new position in shares of Healthcare Trust of America during the 2nd quarter worth $101,000. First Mercantile Trust Co. acquired a new position in shares of Healthcare Trust of America during the 2nd quarter worth $132,000. US Bancorp DE raised its holdings in shares of Healthcare Trust of America by 1,142.9% during the 2nd quarter. US Bancorp DE now owns 4,350 shares of the real estate investment trust’s stock worth $135,000 after buying an additional 4,000 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of Healthcare Trust of America by 44.0% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 6,175 shares of the real estate investment trust’s stock worth $192,000 after buying an additional 1,888 shares in the last quarter. Finally, Comerica Bank acquired a new position in shares of Healthcare Trust of America during the 1st quarter worth $202,000. 97.56% of the stock is owned by institutional investors.
Shares of Healthcare Trust of America (HTA) traded down 0.16% during mid-day trading on Friday, reaching $31.46. The company’s stock had a trading volume of 974,687 shares. Healthcare Trust of America has a 52-week low of $26.34 and a 52-week high of $34.35. The firm has a 50 day moving average price of $30.40 and a 200 day moving average price of $31.05. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 154.22 and a beta of 0.32.
The business also recently disclosed 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. The ex-dividend date is Friday, September 29th. This is a boost from Healthcare Trust of America’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a yield of 3.88%. Healthcare Trust of America’s payout ratio is currently 571.43%.
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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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