NNN Healthcare/Office REIT (NYSE:HTA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.
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. “
HTA has been the topic of several other research reports. Jefferies Group reaffirmed a “buy” rating and issued a $32.00 price target on shares of NNN Healthcare/Office REIT in a research note on Monday, March 26th. Morgan Stanley decreased their price target on shares of NNN Healthcare/Office REIT from $33.00 to $30.00 and set an “overweight” rating for the company in a research note on Tuesday, March 20th. Stifel Nicolaus decreased their price target on shares of NNN Healthcare/Office REIT from $35.00 to $32.00 and set a “hold” rating for the company in a research note on Friday, February 16th. SunTrust Banks set a $33.00 price target on shares of NNN Healthcare/Office REIT and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, BMO Capital Markets set a $31.00 price target on shares of NNN Healthcare/Office REIT and gave the company a “buy” rating in a research note on Monday, March 26th. Two analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $31.82.
NNN Healthcare/Office REIT (NYSE:HTA) last issued its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.22). The business had revenue of $173.77 million for the quarter, compared to analyst estimates of $176.07 million. NNN Healthcare/Office REIT had a return on equity of 1.82% and a net margin of 9.04%. analysts expect that NNN Healthcare/Office REIT will post 1.68 earnings per share for the current year.
In other NNN Healthcare/Office REIT news, CEO Scott D. Peters sold 77,425 shares of the business’s stock in a transaction dated Monday, April 9th. The shares were sold at an average price of $26.28, for a total value of $2,034,729.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.90% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in HTA. Quantbot Technologies LP bought a new stake in NNN Healthcare/Office REIT during the 1st quarter worth approximately $100,000. Zions Bancorporation bought a new position in shares of NNN Healthcare/Office REIT in the 1st quarter worth $116,000. Glenmede Trust Co. NA increased its holdings in shares of NNN Healthcare/Office REIT by 100.0% in the 4th quarter. Glenmede Trust Co. NA now owns 4,000 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 2,000 shares during the last quarter. McKinley Carter Wealth Services Inc. bought a new position in shares of NNN Healthcare/Office REIT in the 1st quarter worth $120,000. Finally, American International Group Inc. bought a new position in shares of NNN Healthcare/Office REIT during the 4th quarter valued at $128,000.
NNN Healthcare/Office REIT Company Profile
Healthcare Trust of America, Inc (NYSE: HTA) is the largest dedicated owner and operator of medical office buildings ("MOBs") in the United States based on gross leasable area ("GLA"). We provide the real estate infrastructure for the integrated delivery of healthcare services in highly desirable locations.
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