Zacks Investment Research Upgrades Healthcare Trust Of America (HTA) to “Hold”

Healthcare Trust Of America (NYSE:HTA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

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. “

A number of other equities analysts have also commented on the stock. Morgan Stanley cut their price objective on shares of Healthcare Trust Of America from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Thursday, June 14th. Mitsubishi UFJ Financial Group reiterated a “neutral” rating and issued a $28.00 price objective (down previously from $30.00) on shares of Healthcare Trust Of America in a report on Tuesday, July 10th. Raymond James reiterated a “market perform” rating on shares of Healthcare Trust Of America in a report on Friday, June 1st. ValuEngine lowered shares of Healthcare Trust Of America from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $34.00 price objective on shares of Healthcare Trust Of America in a report on Monday, August 13th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $31.00.

Shares of HTA stock opened at $28.42 on Monday. Healthcare Trust Of America has a 12 month low of $24.06 and a 12 month high of $31.87. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 4.34 and a beta of 0.26.

Healthcare Trust Of America (NYSE:HTA) last issued its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.34). Healthcare Trust Of America had a return on equity of 2.46% and a net margin of 11.65%. The firm had revenue of $173.33 million during the quarter, compared to analyst estimates of $176.30 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The business’s quarterly revenue was up 23.9% compared to the same quarter last year. sell-side analysts forecast that Healthcare Trust Of America will post 1.65 EPS for the current fiscal year.

In related news, CFO Robert A. Milligan bought 3,800 shares of the company’s stock in a transaction dated Friday, June 8th. The stock was bought at an average price of $25.35 per share, with a total value of $96,330.00. Following the transaction, the chief financial officer now owns 141,564 shares of the company’s stock, valued at $3,588,647.40. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.90% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd bought a new stake in shares of Healthcare Trust Of America in the 2nd quarter worth about $191,000. Sapience Investments LLC increased its position in shares of Healthcare Trust Of America by 16.7% in the 2nd quarter. Sapience Investments LLC now owns 86,420 shares of the real estate investment trust’s stock worth $2,330,000 after purchasing an additional 12,350 shares during the last quarter. Millennium Management LLC increased its position in shares of Healthcare Trust Of America by 2,612.9% in the 2nd quarter. Millennium Management LLC now owns 2,404,489 shares of the real estate investment trust’s stock worth $64,825,000 after purchasing an additional 2,315,858 shares during the last quarter. Centaurus Financial Inc. bought a new stake in shares of Healthcare Trust Of America in the 2nd quarter worth about $279,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Healthcare Trust Of America by 137.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,413 shares of the real estate investment trust’s stock worth $362,000 after purchasing an additional 7,775 shares during the last quarter.

Healthcare Trust Of America Company Profile

Healthcare Trust of America, Inc (NYSE: HTA) is the largest dedicated owner and operator of medical office buildings in the United States, comprising over 24.2 million square feet of GLA, with over $7.0 billion invested primarily in medical office buildings. HTA provides real estate infrastructure for the integrated delivery of healthcare services in highly-desirable locations.

Featured Story: How Important is Technical Analysis of Stocks

Get a free copy of the Zacks research report on Healthcare Trust Of America (HTA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Healthcare Trust Of America (NYSE:HTA)

Receive News & Ratings for Healthcare Trust Of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Trust Of America and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply