Q2 2020 EPS Estimates for Healthcare Trust Of America Inc (NYSE:HTA) Raised by Analyst

Healthcare Trust Of America Inc (NYSE:HTA) – Analysts at SunTrust Banks boosted their Q2 2020 earnings estimates for shares of Healthcare Trust Of America in a research report issued on Thursday, June 25th. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will post earnings per share of $0.42 for the quarter, up from their prior estimate of $0.41. SunTrust Banks has a “Buy” rating and a $27.00 price target on the stock. SunTrust Banks also issued estimates for Healthcare Trust Of America’s FY2020 earnings at $1.66 EPS and FY2021 earnings at $1.65 EPS.

Several other equities analysts have also weighed in on the stock. Morgan Stanley dropped their price objective on shares of Healthcare Trust Of America from $30.00 to $24.00 and set an “equal weight” rating on the stock in a report on Thursday, March 26th. Citigroup dropped their price objective on shares of Healthcare Trust Of America from $34.00 to $25.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Wells Fargo & Co dropped their price objective on shares of Healthcare Trust Of America from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, April 3rd. BTIG Research lowered shares of Healthcare Trust Of America from a “buy” rating to a “neutral” rating in a report on Monday, March 16th. Finally, BMO Capital Markets restated a “buy” rating and issued a $38.00 target price on shares of Healthcare Trust Of America in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $30.20.

Shares of HTA opened at $26.52 on Monday. The stock has a market capitalization of $5.75 billion, a P/E ratio of 165.76 and a beta of 0.59. The firm’s fifty day simple moving average is $26.54 and its two-hundred day simple moving average is $28.20. Healthcare Trust Of America has a 12 month low of $20.61 and a 12 month high of $34.22.

Healthcare Trust Of America (NYSE:HTA) last issued its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.33). The firm had revenue of $185.78 million for the quarter, compared to the consensus estimate of $182.57 million. Healthcare Trust Of America had a net margin of 4.88% and a return on equity of 1.71%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company posted $0.40 EPS.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Credit Suisse AG boosted its holdings in Healthcare Trust Of America by 20.4% in the 4th quarter. Credit Suisse AG now owns 427,606 shares of the real estate investment trust’s stock worth $12,947,000 after buying an additional 72,366 shares during the period. Guggenheim Capital LLC lifted its stake in Healthcare Trust Of America by 55.8% in the 1st quarter. Guggenheim Capital LLC now owns 216,330 shares of the real estate investment trust’s stock worth $5,252,000 after purchasing an additional 77,500 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Healthcare Trust Of America by 320.3% in the 1st quarter. Janus Henderson Group PLC now owns 43,693 shares of the real estate investment trust’s stock worth $1,061,000 after purchasing an additional 33,297 shares in the last quarter. Timbercreek Investment Management Inc. lifted its stake in Healthcare Trust Of America by 27.9% in the 1st quarter. Timbercreek Investment Management Inc. now owns 1,065,055 shares of the real estate investment trust’s stock worth $24,241,000 after purchasing an additional 232,614 shares in the last quarter. Finally, Swiss National Bank lifted its stake in Healthcare Trust Of America by 2.3% in the 1st quarter. Swiss National Bank now owns 401,786 shares of the real estate investment trust’s stock worth $9,755,000 after purchasing an additional 9,000 shares in the last quarter. 99.22% of the stock is owned by institutional investors.

In other Healthcare Trust Of America news, CFO Robert A. Milligan acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of $23.75 per share, with a total value of $47,500.00. Following the acquisition, the chief financial officer now owns 170,212 shares in the company, valued at $4,042,535. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date of this dividend is Wednesday, July 1st. Healthcare Trust Of America’s dividend payout ratio is currently 76.83%.

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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Earnings History and Estimates for Healthcare Trust Of America (NYSE:HTA)

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