Healthcare Trust of America (NYSE:HTA) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Healthcare Trust of America (NYSE:HTAGet Rating) from a sell rating to a hold rating in a research report report published on Tuesday morning, 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. “

HTA has been the subject of a number of other reports. Stifel Nicolaus downgraded Healthcare Trust of America from a buy rating to a hold rating in a research note on Monday, February 28th. Credit Suisse Group assumed coverage on Healthcare Trust of America in a research note on Tuesday, February 1st. They issued an outperform rating for the company. Finally, StockNews.com upgraded Healthcare Trust of America from a sell rating to a hold rating in a research report on Friday, March 25th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $33.50.

NYSE:HTA opened at $29.15 on Tuesday. The business’s 50-day moving average is $30.81 and its two-hundred day moving average is $32.07. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.20 and a quick ratio of 1.69. Healthcare Trust of America has a 12 month low of $26.36 and a 12 month high of $34.83. The firm has a market capitalization of $6.68 billion, a PE ratio of 69.40 and a beta of 0.61.

Healthcare Trust of America (NYSE:HTAGet Rating) last announced its earnings results on Monday, February 28th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). Healthcare Trust of America had a return on equity of 2.90% and a net margin of 12.13%. The business had revenue of $195.70 million for the quarter, compared to analysts’ expectations of $193.35 million. During the same period in the previous year, the firm posted $0.43 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. Equities analysts anticipate that Healthcare Trust of America will post 1.81 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Wednesday, July 6th will be issued a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 4.46%. The ex-dividend date is Tuesday, July 5th. Healthcare Trust of America’s dividend payout ratio is currently 309.52%.

A number of large investors have recently modified their holdings of the stock. Northern Trust Corp boosted its holdings in Healthcare Trust of America by 5.5% in the first quarter. Northern Trust Corp now owns 1,470,515 shares of the real estate investment trust’s stock worth $46,086,000 after purchasing an additional 76,530 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Healthcare Trust of America by 13.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,795,269 shares of the real estate investment trust’s stock worth $87,604,000 after acquiring an additional 324,767 shares during the last quarter. Mariner LLC lifted its position in Healthcare Trust of America by 24.4% during the 1st quarter. Mariner LLC now owns 15,174 shares of the real estate investment trust’s stock worth $476,000 after acquiring an additional 2,972 shares during the last quarter. Employees Retirement System of Texas lifted its position in Healthcare Trust of America by 257.5% during the 1st quarter. Employees Retirement System of Texas now owns 696,210 shares of the real estate investment trust’s stock worth $21,819,000 after acquiring an additional 501,484 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Healthcare Trust of America by 1,963.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,254,690 shares of the real estate investment trust’s stock valued at $39,322,000 after buying an additional 1,193,893 shares during the last quarter.

About Healthcare Trust of America (Get Rating)

Healthcare Trust of America, Inc (NYSE: HTA) is the largest dedicated owner and operator of MOBs in the United States, comprising approximately 25.1 million square feet of GLA, with $7.4 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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