Healthcare Trust Of America (HTA) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Healthcare Trust Of America (NYSE:HTA) from a hold rating to a buy rating in a research report released on Tuesday morning. The brokerage currently has $32.00 price objective 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 research analysts have also issued reports about the company. TheStreet raised Healthcare Trust Of America from a c rating to a b- rating in a report on Tuesday, October 24th. Mizuho reissued a buy rating and issued a $36.00 price objective on shares of Healthcare Trust Of America in a report on Wednesday, October 4th. Jefferies Group reissued a buy rating and issued a $34.00 price objective on shares of Healthcare Trust Of America in a report on Tuesday, October 3rd. BMO Capital Markets reissued a buy rating and issued a $35.00 price objective on shares of Healthcare Trust Of America in a report on Monday, October 2nd. Finally, SunTrust Banks set a $36.00 price objective on Healthcare Trust Of America and gave the company a buy rating in a report on Tuesday, October 24th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $33.90.

Shares of Healthcare Trust Of America (NYSE:HTA) traded down $0.30 during mid-day trading on Tuesday, hitting $27.29. The stock had a trading volume of 1,770,310 shares, compared to its average volume of 1,395,856. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $5,590.00, a price-to-earnings ratio of 113.71, a PEG ratio of 4.06 and a beta of 0.32. Healthcare Trust Of America has a fifty-two week low of $27.09 and a fifty-two week high of $33.00.

Healthcare Trust Of America (NYSE:HTA) last announced its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.34). The firm had revenue of $176.00 million during the quarter, compared to analyst estimates of $163.62 million. Healthcare Trust Of America had a net margin of 6.75% and a return on equity of 1.50%. The firm’s revenue for the quarter was up 48.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 earnings per share. equities analysts expect that Healthcare Trust Of America will post 1.65 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 9th. Investors of record on Tuesday, January 2nd were issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 4.47%. The ex-dividend date was Friday, December 29th. Healthcare Trust Of America’s dividend payout ratio (DPR) is 508.33%.

A number of hedge funds have recently modified their holdings of HTA. Vanguard Group Inc. boosted its position in Healthcare Trust Of America by 34.1% during the second quarter. Vanguard Group Inc. now owns 29,518,137 shares of the real estate investment trust’s stock worth $918,310,000 after purchasing an additional 7,510,727 shares in the last quarter. BlackRock Inc. boosted its position in Healthcare Trust Of America by 44.3% during the second quarter. BlackRock Inc. now owns 13,050,386 shares of the real estate investment trust’s stock worth $405,999,000 after purchasing an additional 4,003,376 shares in the last quarter. FMR LLC boosted its position in Healthcare Trust Of America by 220.0% during the second quarter. FMR LLC now owns 4,605,600 shares of the real estate investment trust’s stock worth $143,280,000 after purchasing an additional 3,166,400 shares in the last quarter. Cbre Clarion Securities LLC boosted its position in Healthcare Trust Of America by 56.9% during the second quarter. Cbre Clarion Securities LLC now owns 8,181,898 shares of the real estate investment trust’s stock worth $254,539,000 after purchasing an additional 2,965,936 shares in the last quarter. Finally, Cohen & Steers Inc. boosted its position in Healthcare Trust Of America by 9.7% during the third quarter. Cohen & Steers Inc. now owns 28,686,924 shares of the real estate investment trust’s stock worth $854,870,000 after purchasing an additional 2,539,162 shares in the last quarter. Institutional investors own 98.15% of the company’s stock.

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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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