Raymond James downgraded shares of Healthcare Trust Of America (NYSE:HTA) from an outperform rating to a market perform rating in a research note released on Monday, May 21st, MarketBeat reports.
Other equities analysts also recently issued research reports about the stock. Jefferies Financial Group reaffirmed a buy rating and set a $32.00 target price on shares of Healthcare Trust Of America in a research note on Monday, March 26th. ValuEngine downgraded shares of Healthcare Trust Of America from a hold rating to a sell rating in a research note on Wednesday, May 2nd. Zacks Investment Research cut shares of Healthcare Trust Of America from a hold rating to a sell rating in a report on Thursday, May 17th. BMO Capital Markets set a $31.00 price target on shares of Healthcare Trust Of America and gave the company a buy rating in a report on Monday, March 26th. Finally, Mizuho cut shares of Healthcare Trust Of America from a buy rating to a neutral rating and set a $32.00 price target on the stock. in a report on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Healthcare Trust Of America currently has an average rating of Hold and an average price target of $31.55.
Shares of Healthcare Trust Of America traded up $0.47, hitting $25.04, during midday trading on Monday, MarketBeat Ratings reports. 1,912,601 shares of the stock traded hands, compared to its average volume of 1,607,146. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 3.70 and a beta of 0.22. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.84. Healthcare Trust Of America has a one year low of $24.06 and a one year high of $32.83.
Healthcare Trust Of America (NYSE:HTA) last released its quarterly earnings results on Monday, April 30th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.37). Healthcare Trust Of America had a return on equity of 1.82% and a net margin of 9.04%. The company had revenue of $175.60 million during the quarter, compared to the consensus estimate of $175.17 million. During the same period in the previous year, the company earned $0.41 earnings per share. Healthcare Trust Of America’s quarterly revenue was up 41.3% on a year-over-year basis. research analysts forecast that Healthcare Trust Of America will post 1.67 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 10th. Shareholders of record on Thursday, July 5th will be given a $0.305 dividend. The ex-dividend date of this dividend is Tuesday, July 3rd. This represents a $1.22 annualized dividend and a yield of 4.87%. Healthcare Trust Of America’s payout ratio is presently 74.85%.
In other Healthcare Trust Of America news, CFO Robert A. Milligan purchased 3,800 shares of the firm’s stock in a transaction on Friday, June 8th. The shares were acquired at an average cost of $25.35 per share, for a total transaction of $96,330.00. Following the completion of the transaction, the chief financial officer now owns 141,564 shares of the company’s stock, valued at $3,588,647.40. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Scott D. Peters sold 77,425 shares of the stock in a transaction that occurred on Monday, April 9th. The stock was sold at an average price of $26.28, for a total transaction of $2,034,729.00. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of Healthcare Trust Of America during the 1st quarter valued at $100,000. Zions Bancorporation bought a new stake in shares of Healthcare Trust Of America during the 1st quarter valued at $116,000. Glenmede Trust Co. NA raised its position in shares of Healthcare Trust Of America by 100.0% during the 4th quarter. Glenmede Trust Co. NA now owns 4,000 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 2,000 shares during the period. McKinley Carter Wealth Services Inc. bought a new stake in shares of Healthcare Trust Of America during the 1st quarter valued at $120,000. Finally, American International Group Inc. bought a new stake in shares of Healthcare Trust Of America during the 4th quarter valued at $128,000. Hedge funds and other institutional investors own 98.59% of the company’s stock.
About Healthcare Trust Of America
Healthcare Trust of America, Inc (NYSE: HTA) is the largest dedicated owner and operator of medical office buildings ("MOBs") in the United States based on gross leasable area ("GLA"). We provide the real estate infrastructure for the integrated delivery of healthcare services in highly desirable locations.
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