Healthcare Trust of America, Inc. (HTA) Announces Earnings Results, Misses Expectations By $0.34 EPS
Healthcare Trust of America, Inc. (NYSE:HTA) released its earnings results on Tuesday. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.34), Yahoo Finance reports. Healthcare Trust of America had a net margin of 6.07% and a return on equity of 1.42%. The company had revenue of $176.00 million during the quarter, compared to analysts’ expectations of $163.62 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Healthcare Trust of America’s revenue for the quarter was up 48.8% compared to the same quarter last year.
Shares of Healthcare Trust of America (NYSE HTA) opened at 29.55 on Wednesday. Healthcare Trust of America has a 1-year low of $26.34 and a 1-year high of $33.00. The stock has a market capitalization of $5.93 billion, a P/E ratio of 144.85 and a beta of 0.30. The firm’s 50-day moving average is $30.24 and its 200 day moving average is $30.78.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 6th. Shareholders of record on Monday, October 2nd were paid a dividend of $0.305 per share. This is an increase from Healthcare Trust of America’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a yield of 4.13%. The ex-dividend date was Friday, September 29th. Healthcare Trust of America’s payout ratio is currently 580.95%.
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A number of research firms recently issued reports on HTA. BidaskClub upgraded shares of Healthcare Trust of America from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Mizuho restated a “buy” rating on shares of Healthcare Trust of America in a report on Tuesday, June 27th. Zacks Investment Research downgraded shares of Healthcare Trust of America from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. Finally, TheStreet downgraded shares of Healthcare Trust of America from a “b-” rating to a “c” rating in a report on Monday, July 31st. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $34.20.
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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