Healthcare Trust Of America (NYSE:HTA) Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Healthcare Trust Of America (NYSE:HTA) from a buy rating to a hold rating in a research report released on Monday, Zacks.com reports.

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. “

A number of other equities research analysts have also recently issued reports on the stock. BMO Capital Markets restated a hold rating and set a $28.00 price target on shares of Healthcare Trust Of America in a report on Tuesday, October 29th. Berenberg Bank began coverage on shares of Healthcare Trust Of America in a report on Thursday, September 12th. They set a buy rating and a $33.00 price target for the company. Cfra cut shares of Healthcare Trust Of America from a buy rating to a hold rating in a report on Tuesday, October 29th. Stifel Nicolaus upgraded shares of Healthcare Trust Of America from a hold rating to a buy rating and upped their price target for the company from $30.00 to $33.00 in a report on Tuesday, November 26th. Finally, TheStreet upgraded shares of Healthcare Trust Of America from a c+ rating to a b- rating in a report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $31.13.

Shares of NYSE:HTA opened at $29.99 on Monday. The stock has a market capitalization of $6.29 billion, a PE ratio of 18.51, a P/E/G ratio of 5.61 and a beta of 0.26. Healthcare Trust Of America has a 1 year low of $24.21 and a 1 year high of $31.57. The firm has a fifty day moving average price of $29.94 and a 200 day moving average price of $28.64. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.83.

Healthcare Trust Of America (NYSE:HTA) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.36). Healthcare Trust Of America had a return on equity of 1.80% and a net margin of 5.31%. The business had revenue of $175.00 million during the quarter, compared to the consensus estimate of $174.45 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, sell-side analysts forecast that Healthcare Trust Of America will post 1.64 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Tuesday, December 31st. Healthcare Trust Of America’s dividend payout ratio (DPR) is 77.78%.

Several institutional investors and hedge funds have recently made changes to their positions in HTA. Northwest Investment Counselors LLC acquired a new position in shares of Healthcare Trust Of America during the third quarter valued at about $42,000. Weaver Consulting Group acquired a new position in shares of Healthcare Trust Of America during the second quarter valued at about $46,000. Carroll Financial Associates Inc. raised its position in shares of Healthcare Trust Of America by 49.5% during the third quarter. Carroll Financial Associates Inc. now owns 2,259 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 748 shares during the last quarter. Neo Ivy Capital Management acquired a new position in shares of Healthcare Trust Of America during the second quarter valued at about $74,000. Finally, Capital Investment Advisory Services LLC raised its position in shares of Healthcare Trust Of America by 32.3% during 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 buying an additional 735 shares during the last quarter. 90.13% of the stock is owned by institutional investors and hedge funds.

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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