Healthcare Trust of America, Inc. (NYSE:HTA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage presently has a $33.00 target price on the real estate investment trust’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 11.90% from the stock’s previous close.

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. “

Other equities research analysts have also recently issued research reports about the stock. Mizuho reissued a “buy” rating on shares of Healthcare Trust of America in a research report on Tuesday, June 27th. BMO Capital Markets reissued a “buy” rating and set a $35.00 price target on shares of Healthcare Trust of America in a research report on Monday, October 2nd. BidaskClub cut shares of Healthcare Trust of America from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Stifel Nicolaus decreased their price target on shares of Healthcare Trust of America from $36.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $34.00 price target on shares of Healthcare Trust of America in a research note on Tuesday, October 3rd. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Healthcare Trust of America currently has an average rating of “Buy” and a consensus target price of $33.89.

Shares of Healthcare Trust of America (NYSE:HTA) traded down 0.94% during trading on Monday, reaching $29.49. 827,887 shares of the company were exchanged. Healthcare Trust of America has a one year low of $26.34 and a one year high of $33.00. The stock has a 50-day moving average price of $30.26 and a 200-day moving average price of $30.80. The stock has a market capitalization of $5.92 billion, a PE ratio of 144.56 and a beta of 0.30.

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 the Thomson Reuters’ consensus estimate of $0.39. The business had revenue of $139.90 million during the quarter, compared to analysts’ expectations of $133.69 million. Healthcare Trust of America had a net margin of 6.07% and a return on equity of 1.42%. The firm’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.38 EPS. Analysts forecast that Healthcare Trust of America will post $0.25 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This news story was posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/23/healthcare-trust-of-america-inc-hta-upgraded-by-zacks-investment-research-to-buy.html.

Large investors have recently added to or reduced their stakes in the business. V Wealth Management LLC bought a new stake in Healthcare Trust of America during the 2nd quarter valued at about $101,000. First Mercantile Trust Co. bought a new stake in Healthcare Trust of America during the 2nd quarter valued at about $132,000. US Bancorp DE increased its stake in 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 valued at $135,000 after purchasing an additional 4,000 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in 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 valued at $192,000 after purchasing an additional 1,888 shares in the last quarter. Finally, Comerica Bank bought a new stake in Healthcare Trust of America during the 1st quarter valued at about $202,000. Institutional investors and hedge funds own 97.55% of the company’s stock.

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.

Get a free copy of the Zacks research report on Healthcare Trust of America (HTA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Healthcare Trust of America (NYSE:HTA)

Receive News & Ratings for Healthcare Trust of America Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Trust of America Inc. and related companies with MarketBeat.com's FREE daily email newsletter.