Healthcare Trust Of America (NYSE:HTA) Now Covered by Analysts at Berenberg Bank

Berenberg Bank began coverage on shares of Healthcare Trust Of America (NYSE:HTA) in a research note issued to investors on Thursday morning, The Fly reports. The firm issued a buy rating and a $33.00 target price on the real estate investment trust’s stock.

Other analysts have also issued reports about the company. Citigroup initiated coverage on Healthcare Trust Of America in a report on Thursday, June 20th. They issued a neutral rating and a $29.00 price target on the stock. Zacks Investment Research lowered Healthcare Trust Of America from a buy rating to a hold rating in a report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $30.75.

HTA stock traded down $0.62 during midday trading on Thursday, hitting $27.67. 32,861 shares of the company’s stock were exchanged, compared to its average volume of 1,099,309. The stock’s fifty day moving average price is $27.76 and its 200-day moving average price is $28.06. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $5.72 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 5.16 and a beta of 0.30. Healthcare Trust Of America has a one year low of $24.21 and a one year high of $29.39.

Healthcare Trust Of America (NYSE:HTA) last posted its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.33). The business had revenue of $171.80 million for the quarter, compared to the consensus estimate of $171.38 million. Healthcare Trust Of America had a return on equity of 6.73% and a net margin of 31.68%. The business’s revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. On average, analysts expect that Healthcare Trust Of America will post 1.64 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, October 3rd will be issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 4.55%. This is a positive change from Healthcare Trust Of America’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, October 2nd. Healthcare Trust Of America’s payout ratio is 76.54%.

Several institutional investors have recently modified their holdings of the company. Gradient Investments LLC lifted its holdings in shares of Healthcare Trust Of America by 60.6% in the second quarter. Gradient Investments LLC now owns 978 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 369 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Healthcare Trust Of America by 1.0% in the second quarter. Envestnet Asset Management Inc. now owns 58,326 shares of the real estate investment trust’s stock valued at $1,600,000 after acquiring an additional 565 shares during the last quarter. United Capital Financial Advisers LLC increased its position in shares of Healthcare Trust Of America by 1.5% in the second quarter. United Capital Financial Advisers LLC now owns 45,056 shares of the real estate investment trust’s stock valued at $1,236,000 after acquiring an additional 644 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Healthcare Trust Of America by 1.5% in the second quarter. D.A. Davidson & CO. now owns 48,593 shares of the real estate investment trust’s stock valued at $1,333,000 after acquiring an additional 709 shares during the last quarter. Finally, Capital Investment Advisory Services LLC increased its position in shares of Healthcare Trust Of America by 32.3% in the second quarter. Capital Investment Advisory Services LLC now owns 3,013 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 735 shares during the last quarter. Institutional investors own 91.29% 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 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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Analyst Recommendations for Healthcare Trust Of America (NYSE:HTA)

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