Healthcare Trust of America, Inc. (NYSE:HTA) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Healthcare Trust of America, Inc. (NYSE:HTA) from a buy rating to a hold rating in a report issued on Wednesday, November 1st.

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 lifted their price target on Healthcare Trust of America from $34.00 to $35.00 and gave the company a hold rating in a report on Wednesday, October 25th. FBR & Co set a $32.00 price objective on Healthcare Trust of America and gave the stock a hold rating in a report on Wednesday, October 11th. Mitsubishi UFJ Financial Group reissued an overweight rating on shares of Healthcare Trust of America in a report on Sunday, October 29th. Jefferies Group LLC restated a buy rating and set a $34.00 target price on shares of Healthcare Trust of America in a research report on Tuesday, October 3rd. Finally, BMO Capital Markets restated a buy rating and set a $35.00 target price on shares of Healthcare Trust of America in a research report on Monday, October 2nd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $34.20.

Shares of Healthcare Trust of America (NYSE HTA) opened at $30.75 on Wednesday. Healthcare Trust of America has a 52 week low of $27.18 and a 52 week high of $33.00. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market cap of $6,265.41, a price-to-earnings ratio of 18.65, a PEG ratio of 4.65 and a beta of 0.31.

Healthcare Trust of America (NYSE:HTA) last posted its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.34). Healthcare Trust of America had a return on equity of 1.50% and a net margin of 6.75%. The business had revenue of $176.00 million for the quarter, compared to analyst estimates of $163.62 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The firm’s quarterly revenue was up 48.8% on a year-over-year basis. research analysts expect that Healthcare Trust of America will post 1.64 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 9th. Shareholders of record on Tuesday, January 2nd will be paid a $0.305 dividend. The ex-dividend date is Friday, December 29th. This represents a $1.22 annualized dividend and a dividend yield of 3.97%. Healthcare Trust of America’s payout ratio is presently 508.35%.

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Healthcare Trust of America by 34.1% during the 2nd quarter. Vanguard Group Inc. now owns 29,518,137 shares of the real estate investment trust’s stock valued at $918,310,000 after purchasing an additional 7,510,727 shares during the period. BlackRock Inc. grew its position in Healthcare Trust of America by 44.3% during the second quarter. BlackRock Inc. now owns 13,050,386 shares of the real estate investment trust’s stock worth $405,999,000 after buying an additional 4,003,376 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Healthcare Trust of America by 14.2% during the third quarter. Daiwa Securities Group Inc. now owns 11,858,804 shares of the real estate investment trust’s stock worth $353,393,000 after buying an additional 1,476,407 shares in the last quarter. Cbre Clarion Securities LLC grew its position in Healthcare Trust of America by 56.9% during the second quarter. Cbre Clarion Securities LLC now owns 8,181,898 shares of the real estate investment trust’s stock worth $254,539,000 after buying an additional 2,965,936 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Healthcare Trust of America by 39.1% during the third quarter. Bank of New York Mellon Corp now owns 7,715,128 shares of the real estate investment trust’s stock worth $229,911,000 after buying an additional 2,166,703 shares in the last quarter. Institutional investors own 97.88% of the company’s stock.

About Healthcare Trust of America

Healthcare Trust of America, Inc is a real estate investment trust. The Company is an owner and operator of medical office buildings (MOBs) in the United States. The Company focuses on owning and operating MOBs that serve healthcare delivery and are located on health system campuses, near university medical centers, or in community core outpatient locations.

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