Healthcare Trust of America (NYSE:HTA) Lifted to “Buy” at Zacks Investment Research


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Healthcare Trust of America (NYSE:HTA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, Zacks.com reports. The brokerage currently has a $33.00 price objective on the real estate investment trust’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 13.25% from the stock’s current price.

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 brokerages have also recently commented on HTA. Capital One Financial cut Healthcare Trust of America from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 20th. Morgan Stanley lifted their target price on Healthcare Trust of America from $25.00 to $28.00 and gave the stock an “equal weight” rating in a report on Monday, March 22nd. Scotiabank started coverage on Healthcare Trust of America in a report on Thursday, January 28th. They issued a “sector perform” rating and a $30.00 target price for the company. Finally, Jefferies Financial Group boosted their price objective on Healthcare Trust of America from $33.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, January 13th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $31.10.

NYSE HTA traded down $0.35 during trading on Tuesday, hitting $29.14. 1,181,976 shares of the stock traded hands, compared to its average volume of 1,517,079. The company has a market capitalization of $6.37 billion, a P/E ratio of 194.27 and a beta of 0.58. The firm has a 50-day simple moving average of $28.48 and a 200-day simple moving average of $27.48. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.92. Healthcare Trust of America has a 12-month low of $22.64 and a 12-month high of $29.70.

Healthcare Trust of America (NYSE:HTA) last announced its earnings results on Sunday, February 21st. The real estate investment trust reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.30). The company had revenue of $187.02 million during the quarter, compared to analysts’ expectations of $187.10 million. Healthcare Trust of America had a return on equity of 1.84% and a net margin of 4.67%. Healthcare Trust of America’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 EPS. As a group, research analysts predict that Healthcare Trust of America will post 1.69 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC raised its position in shares of Healthcare Trust of America by 3.5% in the 4th quarter. Jane Street Group LLC now owns 11,055 shares of the real estate investment trust’s stock worth $304,000 after acquiring an additional 374 shares in the last quarter. Arkadios Wealth Advisors raised its position in shares of Healthcare Trust of America by 34.4% in the 1st quarter. Arkadios Wealth Advisors now owns 1,507 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 386 shares in the last quarter. Intrua Financial LLC raised its position in shares of Healthcare Trust of America by 4.1% in the 1st quarter. Intrua Financial LLC now owns 12,131 shares of the real estate investment trust’s stock worth $349,000 after acquiring an additional 482 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Healthcare Trust of America by 0.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 183,244 shares of the real estate investment trust’s stock worth $5,046,000 after acquiring an additional 508 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its position in shares of Healthcare Trust of America by 44.8% in the 4th quarter. Salem Investment Counselors Inc. now owns 2,100 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 650 shares in the last quarter. 97.74% of the stock is owned by institutional investors and hedge funds.

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 25.1 million square feet of GLA, with $7.4 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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