Healthcare Trust of America, Inc. (HTA) Upgraded at BidaskClub
BidaskClub upgraded shares of Healthcare Trust of America, Inc. (NYSE:HTA) from a sell rating to a hold rating in a research report report published on Saturday morning.
Other equities research analysts have also issued reports about the stock. Jefferies Group LLC lifted their price target on shares of Healthcare Trust of America from $35.00 to $36.00 and gave the stock a buy rating in a research note on Monday, May 1st. BMO Capital Markets upgraded shares of Healthcare Trust of America from a market perform rating to an outperform rating and lifted their price target for the stock from $33.00 to $35.00 in a research note on Tuesday, June 20th. They noted that the move was a valuation call. FBR & Co began coverage on shares of Healthcare Trust of America in a research note on Tuesday, July 11th. They set a mkt perform rating and a $32.00 price target on the stock. Raymond James Financial, Inc. upgraded shares of Healthcare Trust of America from an outperform rating to a strong-buy rating and set a $35.00 price target on the stock in a research note on Monday, July 17th. Finally, Zacks Investment Research lowered shares of Healthcare Trust of America from a hold rating to a sell rating in a research note on Tuesday, August 15th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $34.14.
Shares of Healthcare Trust of America (NYSE HTA) opened at 30.49 on Friday. Healthcare Trust of America has a 52 week low of $26.34 and a 52 week high of $34.64. The firm’s 50-day moving average price is $30.13 and its 200 day moving average price is $30.99. The stock has a market capitalization of $6.12 billion, a P/E ratio of 149.46 and a beta of 0.32.
Healthcare Trust of America (NYSE:HTA) last announced its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.39 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. Healthcare Trust of America had a net margin of 6.07% and a return on equity of 1.42%. The firm had revenue of $139.90 million for the quarter, compared to analyst estimates of $133.69 million. During the same period last year, the business earned $0.38 EPS. Healthcare Trust of America’s revenue for the quarter was up 23.6% compared to the same quarter last year. Analysts expect that Healthcare Trust of America will post $0.25 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Monday, October 2nd will be issued a $0.305 dividend. This is an increase from Healthcare Trust of America’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, September 29th. This represents a $1.22 annualized dividend and a dividend yield of 4.00%. Healthcare Trust of America’s payout ratio is presently 571.43%.
In other news, CEO Scott D. Peters sold 55,240 shares of Healthcare Trust of America stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $32.06, for a total value of $1,770,994.40. Following the sale, the chief executive officer now owns 405,092 shares of the company’s stock, valued at $12,987,249.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in HTA. V Wealth Management LLC bought a new stake in Healthcare Trust of America during the second quarter worth approximately $101,000. First Mercantile Trust Co. bought a new stake in Healthcare Trust of America during the second quarter worth approximately $132,000. US Bancorp DE increased its stake in 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 buying an additional 4,000 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in 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 buying an additional 1,888 shares in the last quarter. Finally, Comerica Bank bought a new stake in Healthcare Trust of America during the first quarter worth approximately $202,000. 97.56% of the stock is currently owned by hedge funds and other institutional investors.
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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