Healthcare Trust Of America (HTA) Upgraded at ValuEngine

ValuEngine upgraded shares of Healthcare Trust Of America (NYSE:HTA) from a sell rating to a hold rating in a research report report published on Monday morning.

HTA has been the topic of several other research reports. Zacks Investment Research upgraded Healthcare Trust Of America from a sell rating to a hold rating in a research note on Monday, August 27th. Morgan Stanley cut their price target on Healthcare Trust Of America from $30.00 to $27.00 and set an overweight rating on the stock in a research note on Thursday, June 14th. JPMorgan Chase & Co. upped their price target on Healthcare Trust Of America from $28.00 to $29.00 and gave the stock a neutral rating in a research note on Wednesday, August 29th. Mitsubishi UFJ Financial Group restated a neutral rating and issued a $28.00 price target (down previously from $30.00) on shares of Healthcare Trust Of America in a research note on Tuesday, July 10th. Finally, Jefferies Financial Group restated a buy rating and issued a $34.00 price target on shares of Healthcare Trust Of America in a research note on Monday, August 13th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $30.82.

Shares of Healthcare Trust Of America stock traded down $0.24 during midday trading on Monday, hitting $26.10. The company had a trading volume of 41,279 shares, compared to its average volume of 1,552,307. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $5.53 billion, a P/E ratio of 16.06, a PEG ratio of 4.06 and a beta of 0.22. Healthcare Trust Of America has a 52-week low of $24.06 and a 52-week high of $31.69.

Healthcare Trust Of America (NYSE:HTA) last posted its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.07 earnings per share 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 analysts’ expectations of $176.30 million. Healthcare Trust Of America had a return on equity of 2.46% and a net margin of 11.65%. The business’s quarterly revenue was up 23.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 EPS. As a group, equities analysts expect that Healthcare Trust Of America will post 1.64 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 5th. Shareholders of record on Tuesday, October 2nd were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 4.75%. This is an increase from Healthcare Trust Of America’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Monday, October 1st. Healthcare Trust Of America’s dividend payout ratio (DPR) is currently 76.07%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Timbercreek Investment Management Inc. grew its position in shares of Healthcare Trust Of America by 13.9% during the third quarter. Timbercreek Investment Management Inc. now owns 317,000 shares of the real estate investment trust’s stock valued at $8,454,000 after purchasing an additional 38,600 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of Healthcare Trust Of America during the second quarter valued at about $191,000. Sapience Investments LLC grew its position in shares of Healthcare Trust Of America by 16.7% during the second quarter. Sapience Investments LLC now owns 86,420 shares of the real estate investment trust’s stock valued at $2,330,000 after purchasing an additional 12,350 shares in the last quarter. Millennium Management LLC grew its position in shares of Healthcare Trust Of America by 2,612.9% during the second 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 in the last quarter. Finally, Centaurus Financial Inc. purchased a new position in shares of Healthcare Trust Of America during the second quarter valued at about $279,000.

About Healthcare Trust Of America

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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