Zacks Investment Research upgraded shares of Healthcare Trust Of America (NYSE:HTA) from a hold rating to a strong-buy rating in a report issued on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $32.00 price target on the real estate investment trust’s stock.
According to Zacks, “Healthcare Trust of America, Inc. is a self-administered real estate investment trust. The Company primarily focuses on medical office buildings, healthcare-related facilities and quality commercial office properties. It also invests to a limited extent in other real estate-related assets. Its portfolio is positioned in metropolitan markets such as Atlanta, GA, Phoenix, AZ, Indianapolis, IN, Greenville, SC, Pittsburgh, PA, Albany, NY, Boston, MA and both Dallas and Houston, TX. Healthcare Trust of America, Inc. is headquartered in Scottsdale, Arizona. “
Other equities research analysts also recently issued research reports about the stock. Citigroup set a $5.00 price objective on shares of Forum Energy Technologies and gave the stock a buy rating in a research note on Thursday, June 20th. Raymond James restated a neutral rating and issued a $35.00 price objective on shares of Stantec in a research note on Monday, May 13th. SunTrust Banks lowered their price objective on shares of CVS Health from $85.00 to $65.00 in a research note on Wednesday, April 10th. Jefferies Financial Group lowered their price objective on shares of MAV Beauty Brands from C$15.00 to C$14.00 in a research note on Friday, March 29th. Finally, Morgan Stanley set a $111.00 price objective on shares of Procter & Gamble and gave the stock a buy rating in a research note on Thursday, March 28th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Healthcare Trust Of America currently has a consensus rating of Buy and a consensus target price of $30.25.
Healthcare Trust Of America (NYSE:HTA) last announced its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.34). The company had revenue of $168.97 million during the quarter, compared to analyst estimates of $172.91 million. Healthcare Trust Of America had a return on equity of 6.64% and a net margin of 31.48%. The company’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. Analysts expect that Healthcare Trust Of America will post 1.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 11th. Shareholders of record on Wednesday, July 3rd were paid a dividend of $0.31 per share. The ex-dividend date was Tuesday, July 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 4.54%. Healthcare Trust Of America’s dividend payout ratio is currently 76.54%.
A number of institutional investors and hedge funds have recently bought and sold shares of HTA. Gradient Investments LLC boosted its stake in Healthcare Trust Of America by 60.6% during the second quarter. Gradient Investments LLC now owns 978 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 369 shares in the last quarter. Next Capital Management LLC bought a new position in shares of Healthcare Trust Of America during the first quarter valued at $50,000. PNC Financial Services Group Inc. lifted its holdings in shares of Healthcare Trust Of America by 26.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,646 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 772 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Healthcare Trust Of America by 1,382.9% during the first quarter. Quadrant Capital Group LLC now owns 3,737 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 3,485 shares during the period. Finally, Machina Capital S.A.S. bought a new position in shares of Healthcare Trust Of America during the second quarter valued at $115,000. Hedge funds and other institutional investors own 90.96% of the company’s stock.
Healthcare Trust Of America Company Profile
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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