Healthcare Trust Of America Inc (NYSE:HTA) declared a quarterly dividend on Thursday, February 16th. Shareholders of record on Monday, April 3rd will be paid a dividend of 0.30 per share by the real estate investment trust on Tuesday, April 11th. This represents a $1.20 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Thursday, March 30th.
Healthcare Trust Of America has raised its dividend by an average of 1.0% annually over the last three years and has raised its dividend every year for the last 4 years. Healthcare Trust Of America has a dividend payout ratio of 69.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Healthcare Trust Of America to earn $0.40 per share next year, which means the company may not be able to cover its $1.20 annual dividend with an expected future payout ratio of 300.0%.
Shares of Healthcare Trust Of America (NYSE:HTA) traded down 0.09% during trading on Friday, reaching $32.72. 343,803 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $31.43 and a 200 day moving average price of $30.10. Healthcare Trust Of America has a 12 month low of $26.34 and a 12 month high of $34.64. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 99.15 and a beta of 0.27.
Healthcare Trust Of America (NYSE:HTA) last posted its quarterly earnings data on Wednesday, February 15th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by $0.30. Healthcare Trust Of America had a return on equity of 2.58% and a net margin of 9.01%. The company had revenue of $122.04 million for the quarter, compared to analyst estimates of $118.49 million. On average, analysts forecast that Healthcare Trust Of America will post $0.39 EPS for the current year.
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A number of analysts have weighed in on HTA shares. Zacks Investment Research cut Healthcare Trust Of America from a “hold” rating to a “sell” rating in a research report on Tuesday, December 27th. Mizuho raised Healthcare Trust Of America from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $29.00 to $32.00 in a research report on Wednesday, January 4th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $33.00 price objective on shares of Healthcare Trust Of America in a research report on Wednesday, April 12th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $33.50.
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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