Healthcare Trust Of America Inc (HTA) Receives Average Rating of “Buy” from Brokerages
Shares of Healthcare Trust Of America Inc (NYSE:HTA) have been given an average recommendation of “Buy” by the fifteen ratings firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $34.33.
A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Healthcare Trust Of America from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Monday, October 23rd. Stifel Nicolaus upped their price objective on Healthcare Trust Of America from $34.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. FBR & Co set a $32.00 price objective on Healthcare Trust Of America and gave the company a “hold” rating in a report on Wednesday, October 11th. Mitsubishi UFJ Financial Group reiterated an “overweight” rating on shares of Healthcare Trust Of America in a report on Sunday, October 29th. Finally, Jefferies Group reiterated a “buy” rating and issued a $34.00 price objective on shares of Healthcare Trust Of America in a report on Tuesday, October 3rd.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zions Bancorporation bought a new stake in shares of Healthcare Trust Of America in the third quarter worth about $120,000. First Mercantile Trust Co. bought a new stake in shares of Healthcare Trust Of America in the second quarter worth about $132,000. US Bancorp DE increased its holdings in shares of Healthcare Trust Of America by 1,142.9% in the second quarter. US Bancorp DE now owns 4,350 shares of the real estate investment trust’s stock worth $135,000 after acquiring an additional 4,000 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of Healthcare Trust Of America by 44.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 6,175 shares of the real estate investment trust’s stock worth $192,000 after acquiring an additional 1,888 shares in the last quarter. Finally, Stephens Inc. AR bought a new stake in shares of Healthcare Trust Of America in the second quarter worth about $207,000. Institutional investors and hedge funds own 98.39% of the company’s stock.
Healthcare Trust Of America (NYSE:HTA) last issued its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.34). Healthcare Trust Of America had a net margin of 6.75% and a return on equity of 1.50%. The firm had revenue of $176.00 million for the quarter, compared to analyst estimates of $163.62 million. During the same period last year, the company earned $0.40 EPS. The company’s revenue was up 48.8% compared to the same quarter last year. equities analysts predict that Healthcare Trust Of America will post 1.65 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 9th. Investors of record on Tuesday, January 2nd will be issued a $0.305 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.22 dividend on an annualized basis and a yield of 3.97%. Healthcare Trust Of America’s dividend payout ratio is presently 508.33%.
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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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