Zacks Investment Research downgraded shares of Healthcare Trust Of America (NYSE:HTA) from a hold rating to a sell rating in a research note released on Tuesday morning.
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. “
HTA has been the topic of several other research reports. ValuEngine raised Healthcare Trust Of America from a sell rating to a hold rating in a report on Monday, October 8th. Morgan Stanley cut Healthcare Trust Of America from an overweight rating to an equal weight rating and lowered their target price for the company from $27.00 to $26.00 in a research report on Thursday, August 16th. JPMorgan Chase & Co. raised their target price on Healthcare Trust Of America from $28.00 to $29.00 and gave the company a neutral rating in a research report on Wednesday, August 29th. Jefferies Financial Group restated a buy rating and issued a $34.00 target price on shares of Healthcare Trust Of America in a research report on Monday, August 13th. Finally, Mitsubishi UFJ Financial Group restated a neutral rating and issued a $28.00 target price (down from $30.00) on shares of Healthcare Trust Of America in a research report on Tuesday, July 10th. One research 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’s stock. The company currently has an average rating of Hold and an average target price of $30.70.
Healthcare Trust Of America (NYSE:HTA) last announced its quarterly 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 company 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 company’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. On average, research analysts forecast that Healthcare Trust Of America will post 1.64 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 5th. Stockholders of record on Tuesday, October 2nd were given a dividend of $0.31 per share. The ex-dividend date was Monday, October 1st. This is a boost from Healthcare Trust Of America’s previous quarterly dividend of $0.31. This represents a $1.24 annualized dividend and a dividend yield of 4.79%. Healthcare Trust Of America’s dividend payout ratio (DPR) is 76.07%.
Several hedge funds have recently modified their holdings of HTA. Millennium Management LLC increased its position in shares of Healthcare Trust Of America by 2,612.9% during the 2nd quarter. Millennium Management LLC now owns 2,404,489 shares of the real estate investment trust’s stock valued at $64,825,000 after purchasing an additional 2,315,858 shares during the period. FMR LLC boosted its stake in shares of Healthcare Trust Of America by 39.9% during the 2nd quarter. FMR LLC now owns 7,255,952 shares of the real estate investment trust’s stock worth $195,621,000 after acquiring an additional 2,070,452 shares in the last quarter. Long Pond Capital LP bought a new stake in shares of Healthcare Trust Of America during the 2nd quarter worth $51,274,000. BlackRock Inc. boosted its stake in shares of Healthcare Trust Of America by 4.4% during the 2nd quarter. BlackRock Inc. now owns 14,959,706 shares of the real estate investment trust’s stock worth $403,314,000 after acquiring an additional 625,147 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Healthcare Trust Of America during the 2nd quarter worth $15,329,000.
Healthcare Trust Of America Company Profile
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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