Pictet Asset Management Ltd. Purchases 427,316 Shares of Healthcare Trust of America, Inc. (NYSE:HTA)

Pictet Asset Management Ltd. boosted its stake in shares of Healthcare Trust of America, Inc. (NYSE:HTA) by 21.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,394,512 shares of the real estate investment trust’s stock after buying an additional 427,316 shares during the period. Pictet Asset Management Ltd.’s holdings in Healthcare Trust of America were worth $73,488,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. V Wealth Management LLC purchased a new stake in shares of Healthcare Trust of America during the second quarter valued at $101,000. US Bancorp DE increased its stake in shares of Healthcare Trust of America by 1,142.9% in the second quarter. US Bancorp DE now owns 4,350 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 4,000 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of Healthcare Trust of America by 44.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 6,175 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 1,888 shares in the last quarter. Comerica Bank purchased a new stake in shares of Healthcare Trust of America during the first quarter valued at $202,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of Healthcare Trust of America during the second quarter valued at $208,000. Hedge funds and other institutional investors own 93.36% of the company’s stock.

Healthcare Trust of America, Inc. (NYSE HTA) opened at 29.81 on Tuesday. Healthcare Trust of America, Inc. has a 52 week low of $26.34 and a 52 week high of $34.64. The stock has a 50 day moving average of $30.97 and a 200 day moving average of $30.93. The firm has a market cap of $5.98 billion, a PE ratio of 146.13 and a beta of 0.32.

Healthcare Trust of America (NYSE:HTA) last announced its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.39 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. The firm had revenue of $139.90 million during the quarter, compared to analysts’ expectations of $133.69 million. Healthcare Trust of America had a return on equity of 1.42% and a net margin of 6.07%. The company’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 EPS. Analysts anticipate that Healthcare Trust of America, Inc. will post $0.14 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Monday, October 2nd will be issued a dividend of $0.305 per share. This is a boost from Healthcare Trust of America’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a yield of 4.09%. The ex-dividend date is Friday, September 29th. Healthcare Trust of America’s payout ratio is currently 571.43%.

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Several analysts recently weighed in on HTA shares. Jefferies Group LLC upgraded shares of Healthcare Trust of America to a “buy” rating and set a $36.00 price objective on the stock in a research report on Monday, June 5th. Mitsubishi UFJ Financial Group reiterated a “buy” rating on shares of Healthcare Trust of America in a research report on Wednesday, May 3rd. Mitsubishi UFJ Financial Group Inc reiterated a “buy” rating on shares of Healthcare Trust of America in a research report on Thursday, May 4th. Mizuho reiterated a “buy” rating on shares of Healthcare Trust of America in a research report on Tuesday, June 27th. Finally, BidaskClub downgraded shares of Healthcare Trust of America from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $34.50.

In other Healthcare Trust of America news, CEO Scott D. Peters sold 55,240 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $32.06, for a total transaction of $1,770,994.40. Following the completion of the sale, the chief executive officer now directly owns 405,092 shares of the company’s stock, valued at approximately $12,987,249.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% 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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Institutional Ownership by Quarter for Healthcare Trust of America (NYSE:HTA)

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