Shares of Healthcare Trust Of America Inc (NYSE:HTA) have been given a consensus recommendation of “Buy” by the fourteen research firms that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $32.11.
A number of research analysts have issued reports on the company. Stifel Nicolaus upgraded Healthcare Trust Of America from a “hold” rating to a “buy” rating and lifted their target price for the company from $30.00 to $33.00 in a research report on Tuesday, November 26th. Mizuho reissued a “buy” rating and issued a $35.00 target price on shares of Healthcare Trust Of America in a report on Friday, December 20th. TheStreet lowered shares of Healthcare Trust Of America from a “b-” rating to a “c” rating in a report on Friday, November 29th. JPMorgan Chase & Co. raised shares of Healthcare Trust Of America from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $31.00 to $32.00 in a report on Wednesday, December 18th. Finally, BMO Capital Markets upgraded shares of Healthcare Trust Of America from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $33.00 to $35.00 in a research report on Tuesday, January 7th.
Shares of NYSE HTA traded up $0.15 during mid-day trading on Thursday, reaching $30.99. The company had a trading volume of 177,170 shares, compared to its average volume of 1,137,266. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.46 and a current ratio of 1.46. Healthcare Trust Of America has a one year low of $26.23 and a one year high of $31.57. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 5.36 and a beta of 0.27. The business’s 50-day simple moving average is $30.06 and its 200 day simple moving average is $28.97.
Healthcare Trust Of America (NYSE:HTA) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.36). Healthcare Trust Of America had a return on equity of 1.80% and a net margin of 5.31%. The firm had revenue of $175.00 million for the quarter, compared to the consensus estimate of $174.45 million. During the same period last year, the company posted $0.41 EPS. The business’s revenue was down .1% on a year-over-year basis. On average, sell-side analysts anticipate that Healthcare Trust Of America will post 1.64 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 2nd were given a dividend of $0.315 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.26 annualized dividend and a dividend yield of 4.07%. Healthcare Trust Of America’s payout ratio is 77.78%.
In other news, CEO Scott D. Peters sold 195,000 shares of Healthcare Trust Of America stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $29.32, for a total value of $5,717,400.00. Following the completion of the sale, the chief executive officer now owns 455,038 shares in the company, valued at approximately $13,341,714.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Healthcare Trust Of America by 4,607.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 4,844,773 shares of the real estate investment trust’s stock valued at $132,892,000 after buying an additional 4,741,860 shares in the last quarter. Nuveen Asset Management LLC lifted its position in Healthcare Trust Of America by 351.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 3,372,226 shares of the real estate investment trust’s stock valued at $92,500,000 after acquiring an additional 2,625,737 shares in the last quarter. Payden & Rygel acquired a new position in Healthcare Trust Of America during the 3rd quarter valued at about $23,669,000. Millennium Management LLC boosted its stake in Healthcare Trust Of America by 183.0% during the 3rd quarter. Millennium Management LLC now owns 1,062,750 shares of the real estate investment trust’s stock valued at $31,223,000 after purchasing an additional 687,259 shares during the last quarter. Finally, Chartwell Investment Partners LLC bought a new stake in Healthcare Trust Of America during the 3rd quarter worth approximately $14,840,000. 88.69% of the stock is currently owned by institutional investors.
About Healthcare Trust Of America
Healthcare Trust of America, Inc (NYSE: HTA) is the largest dedicated owner and operator of MOBs in the United States, comprising approximately 23.2 million square feet of GLA, with $6.8 billion invested primarily in MOBs. HTA provides real estate infrastructure for the integrated delivery of healthcare services in highly-desirable locations.
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