Analysts Expect Healthcare Trust of America, Inc. (HTA) Will Post Quarterly Sales of $162.96 Million
Brokerages expect Healthcare Trust of America, Inc. (NYSE:HTA) to post sales of $162.96 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Healthcare Trust of America’s earnings. The lowest sales estimate is $140.05 million and the highest is $173.74 million. Healthcare Trust of America reported sales of $118.34 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 37.7%. The firm is scheduled to announce its next earnings results on Tuesday, October 24th.
According to Zacks, analysts expect that Healthcare Trust of America will report full-year sales of $162.96 million for the current year, with estimates ranging from $544.51 million to $623.55 million. For the next year, analysts expect that the company will post sales of $695.72 million per share, with estimates ranging from $562.66 million to $730.10 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Healthcare Trust of America.
Healthcare Trust of America (NYSE:HTA) last announced its earnings results on Monday, July 31st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $139.90 million for the quarter, compared to analysts’ expectations of $133.69 million. Healthcare Trust of America had a return on equity of 1.42% and a net margin of 6.07%. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS.
HTA has been the topic of a number of recent research reports. Stifel Nicolaus cut their price objective on Healthcare Trust of America from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, July 12th. BidaskClub lowered Healthcare Trust of America from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Mizuho reaffirmed a “buy” rating on shares of Healthcare Trust of America in a research report on Tuesday, June 27th. Jefferies Group LLC raised Healthcare Trust of America to a “buy” rating and set a $36.00 price objective on the stock in a research report on Monday, June 5th. Finally, TheStreet lowered Healthcare Trust of America from a “b-” rating to a “c” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $34.14.
In related news, CEO Scott D. Peters sold 55,240 shares of the stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $32.06, for a total value of $1,770,994.40. Following the transaction, the chief executive officer now owns 405,092 shares of the company’s stock, valued at $12,987,249.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.
A number of large investors have recently bought and sold shares of HTA. V Wealth Management LLC purchased a new position in Healthcare Trust of America in the second quarter valued at $101,000. First Mercantile Trust Co. acquired a new position in Healthcare Trust of America in the second quarter valued at $132,000. US Bancorp DE boosted 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 valued at $135,000 after acquiring an additional 4,000 shares in the last quarter. Public Employees Retirement Association of Colorado boosted 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 valued at $192,000 after acquiring an additional 1,888 shares in the last quarter. Finally, Comerica Bank acquired a new position in Healthcare Trust of America in the first quarter valued at $202,000. 97.56% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Healthcare Trust of America (NYSE:HTA) opened at 31.46 on Monday. Healthcare Trust of America has a 52-week low of $26.34 and a 52-week high of $34.35. The stock has a 50 day moving average price of $30.40 and a 200-day moving average price of $31.05. The firm has a market cap of $6.31 billion, a PE ratio of 154.22 and a beta of 0.32.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Monday, October 2nd will be issued a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Friday, September 29th. This is a positive change from Healthcare Trust of America’s previous quarterly dividend of $0.30. Healthcare Trust of America’s dividend payout ratio is 571.43%.
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Healthcare Trust of America Company Profile
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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