Healthcare Trust Of America (HTA) PT Set at $33.00 by SunTrust Banks

Healthcare Trust Of America (NYSE:HTA) has been given a $33.00 price target by equities researchers at SunTrust Banks in a research report issued on Monday. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. SunTrust Banks’ price target points to a potential upside of 18.75% from the company’s current price.

A number of other analysts also recently weighed in on HTA. Capital One Financial reissued an “equal weight” rating and issued a $31.00 price target on shares of Healthcare Trust Of America in a report on Monday, September 25th. BMO Capital Markets reissued a “buy” rating and issued a $35.00 price target on shares of Healthcare Trust Of America in a report on Monday, October 2nd. Jefferies Group restated a “buy” rating and issued a $34.00 price objective on shares of Healthcare Trust Of America in a research note on Tuesday, October 3rd. Mizuho restated a “buy” rating and issued a $36.00 price objective on shares of Healthcare Trust Of America in a research note on Wednesday, October 4th. Finally, FBR & Co set a $32.00 price objective on shares of Healthcare Trust Of America and gave the company a “hold” rating in a research note on Wednesday, October 11th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $33.60.

Shares of Healthcare Trust Of America (HTA) traded up $0.35 during trading on Monday, reaching $27.79. 1,670,000 shares of the company’s stock were exchanged, compared to its average volume of 1,160,000. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88. Healthcare Trust Of America has a 12-month low of $27.09 and a 12-month high of $33.00. The company has a market cap of $5,690.00, a P/E ratio of 115.79, a PEG ratio of 3.88 and a beta of 0.32.

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 for the quarter, missing analysts’ consensus estimates 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 company had revenue of $176.00 million during the quarter, compared to the consensus estimate of $163.62 million. During the same period last year, the company earned $0.40 earnings per share. Healthcare Trust Of America’s revenue for the quarter was up 48.8% on a year-over-year basis. analysts forecast that Healthcare Trust Of America will post 1.65 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in HTA. Vanguard Group Inc. raised its stake in shares of Healthcare Trust Of America by 34.1% in the 2nd quarter. Vanguard Group Inc. now owns 29,518,137 shares of the real estate investment trust’s stock valued at $918,310,000 after buying an additional 7,510,727 shares in the last quarter. BlackRock Inc. increased its position in shares of Healthcare Trust Of America by 44.3% during the 2nd quarter. BlackRock Inc. now owns 13,050,386 shares of the real estate investment trust’s stock worth $405,999,000 after purchasing an additional 4,003,376 shares in the last quarter. FMR LLC increased its position in shares of Healthcare Trust Of America by 220.0% during the 2nd quarter. FMR LLC now owns 4,605,600 shares of the real estate investment trust’s stock worth $143,280,000 after purchasing an additional 3,166,400 shares in the last quarter. Cohen & Steers Inc. increased its position in shares of Healthcare Trust Of America by 9.7% during the 3rd quarter. Cohen & Steers Inc. now owns 28,686,924 shares of the real estate investment trust’s stock worth $854,870,000 after purchasing an additional 2,539,162 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Healthcare Trust Of America by 39.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,715,128 shares of the real estate investment trust’s stock worth $229,911,000 after purchasing an additional 2,166,703 shares in the last quarter. Institutional investors own 98.15% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was first posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was stolen and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this news story can be read at https://www.americanbankingnews.com/2018/01/22/healthcare-trust-of-america-hta-pt-set-at-33-00-by-suntrust-banks.html.

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.

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

Leave a Reply