Healthcare Trust Of America (HTA) Rating Increased to Outperform at Raymond James

Raymond James upgraded shares of Healthcare Trust Of America (NYSE:HTA) from a market perform rating to an outperform rating in a research note published on Monday morning, The Fly reports.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group raised shares of Healthcare Trust Of America from a hold rating to a buy rating and increased their price objective for the stock from $30.00 to $33.00 in a report on Friday, March 29th. Zacks Investment Research raised shares of Healthcare Trust Of America from a sell rating to a hold rating in a report on Wednesday, May 8th. SunTrust Banks decreased their price objective on shares of Healthcare Trust Of America to $30.00 and set a buy rating on the stock in a report on Wednesday, April 10th. They noted that the move was a valuation call. Morgan Stanley set a $29.00 price objective on shares of Healthcare Trust Of America and gave the stock a hold rating in a report on Thursday, March 28th. Finally, TheStreet lowered shares of Healthcare Trust Of America from a b rating to a c+ rating in a report on Monday, January 14th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $29.86.

Shares of NYSE:HTA opened at $27.87 on Monday. Healthcare Trust Of America has a 12 month low of $24.06 and a 12 month high of $29.22. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 5.16 and a beta of 0.48.

Healthcare Trust Of America (NYSE:HTA) last issued its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.34). Healthcare Trust Of America had a return on equity of 6.64% and a net margin of 31.48%. The company had revenue of $168.97 million for the quarter, compared to the consensus estimate of $172.91 million. During the same period in the prior year, the company earned $0.41 EPS. The firm’s revenue was down 3.8% compared to the same quarter last year. On average, equities analysts forecast that Healthcare Trust Of America will post 1.64 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Wednesday, July 3rd will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend is Tuesday, July 2nd. Healthcare Trust Of America’s dividend payout ratio (DPR) is presently 76.54%.

Hedge funds and other institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue boosted its stake in shares of Healthcare Trust Of America by 1.9% in the 4th quarter. State of Alaska Department of Revenue now owns 89,566 shares of the real estate investment trust’s stock valued at $2,265,000 after purchasing an additional 1,643 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Healthcare Trust Of America by 5.8% in the 4th quarter. D.A. Davidson & CO. now owns 62,255 shares of the real estate investment trust’s stock valued at $1,576,000 after purchasing an additional 3,398 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Healthcare Trust Of America by 56.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,180,784 shares of the real estate investment trust’s stock valued at $191,513,000 after purchasing an additional 2,603,289 shares during the last quarter. Green Street Investors LLC boosted its stake in shares of Healthcare Trust Of America by 32.9% in the 4th quarter. Green Street Investors LLC now owns 150,000 shares of the real estate investment trust’s stock valued at $3,797,000 after purchasing an additional 37,100 shares during the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of Healthcare Trust Of America in the 4th quarter valued at about $1,586,000. 92.55% of the stock is currently owned by institutional investors.

Healthcare Trust Of America Company Profile

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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