Healthcare Trust Of America Inc (NYSE:HTA) has earned an average recommendation of “Hold” from the twelve analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $30.00.
Several equities analysts recently issued reports on the stock. SunTrust Banks dropped their target price on shares of Healthcare Trust Of America from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Monday. Zacks Investment Research upgraded shares of Healthcare Trust Of America from a “sell” rating to a “hold” rating in a report on Friday, September 14th. ValuEngine upgraded shares of Healthcare Trust Of America from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Mitsubishi UFJ Financial Group restated a “neutral” rating and issued a $28.00 target price (down previously from $30.00) on shares of Healthcare Trust Of America in a report on Tuesday, July 10th. Finally, Morgan Stanley lowered shares of Healthcare Trust Of America from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $27.00 to $26.00 in a report on Thursday, August 16th.
Several hedge funds and other institutional investors have recently made changes to their positions in HTA. Legacy Advisors LLC acquired a new position in shares of Healthcare Trust Of America during the second quarter valued at about $108,000. Northwest Wealth Management LLC acquired a new position in shares of Healthcare Trust Of America during the second quarter valued at about $155,000. First Hawaiian Bank acquired a new position in shares of Healthcare Trust Of America during the third quarter valued at about $190,000. Qube Research & Technologies Ltd acquired a new position in shares of Healthcare Trust Of America during the second quarter valued at about $191,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Healthcare Trust Of America during the second quarter valued at about $210,000.
Healthcare Trust Of America (NYSE:HTA) last released its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.34). The firm had revenue of $173.33 million during the quarter, compared to analyst estimates of $176.30 million. Healthcare Trust Of America had a net margin of 34.48% and a return on equity of 7.36%. Healthcare Trust Of America’s quarterly revenue was up 23.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 EPS. As a group, sell-side analysts predict that Healthcare Trust Of America will post 1.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 9th. Stockholders of record on Wednesday, January 2nd will be issued a dividend of $0.31 per share. The ex-dividend date is Monday, December 31st. This represents a $1.24 annualized dividend and a dividend yield of 4.70%. Healthcare Trust Of America’s dividend payout ratio is currently 76.07%.
About Healthcare Trust Of America
Healthcare Trust of America, Inc (NYSE: HTA) is the largest dedicated owner and operator of medical office buildings in the United States, comprising over 24.2 million square feet of GLA, with over $7.0 billion invested primarily in medical office buildings. HTA provides real estate infrastructure for the integrated delivery of healthcare services in highly-desirable locations.
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