Healthcare Trust Of America (HTA) Stock Rating Upgraded by ValuEngine

Healthcare Trust Of America (NYSE:HTA) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Monday.

HTA has been the subject of several other reports. Zacks Investment Research raised Healthcare Trust Of America from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. Morgan Stanley cut their price objective on Healthcare Trust Of America from $30.00 to $27.00 and set an “overweight” rating for the company in a report on Thursday, June 14th. Jefferies Financial Group reissued a “buy” rating and set a $34.00 price objective on shares of Healthcare Trust Of America in a report on Monday, August 13th. Mitsubishi UFJ Financial Group reissued a “neutral” rating and set a $28.00 price objective (down from $30.00) on shares of Healthcare Trust Of America in a report on Tuesday, July 10th. Finally, JPMorgan Chase & Co. lifted their price objective on Healthcare Trust Of America from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, August 29th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $30.82.

HTA stock traded up $0.67 during midday trading on Monday, hitting $26.38. The stock had a trading volume of 1,755,300 shares, compared to its average volume of 1,550,439. The stock has a market cap of $5.53 billion, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 4.06 and a beta of 0.22. Healthcare Trust Of America has a 52 week low of $24.06 and a 52 week high of $31.69. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.41 and a quick ratio of 1.41.

Healthcare Trust Of America (NYSE:HTA) last issued its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.07 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 the consensus estimate of $176.30 million. Healthcare Trust Of America had a return on equity of 2.46% and a net margin of 11.65%. The firm’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period last year, the business earned $0.39 earnings per share. Equities research analysts anticipate that Healthcare Trust Of America will post 1.64 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of HTA. Millennium Management LLC lifted its holdings in shares of Healthcare Trust Of America by 2,612.9% during the second quarter. Millennium Management LLC now owns 2,404,489 shares of the real estate investment trust’s stock valued at $64,825,000 after acquiring an additional 2,315,858 shares during the period. FMR LLC lifted its holdings in shares of Healthcare Trust Of America by 39.9% during the second quarter. FMR LLC now owns 7,255,952 shares of the real estate investment trust’s stock valued at $195,621,000 after acquiring an additional 2,070,452 shares during the period. Long Pond Capital LP bought a new position in shares of Healthcare Trust Of America in the second quarter valued at about $51,274,000. BlackRock Inc. raised its holdings in shares of Healthcare Trust Of America by 4.4% in the second quarter. BlackRock Inc. now owns 14,959,706 shares of the real estate investment trust’s stock valued at $403,314,000 after buying an additional 625,147 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Healthcare Trust Of America in the second quarter valued at about $15,329,000.

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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Analyst Recommendations for Healthcare Trust Of America (NYSE:HTA)

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