Healthcare Trust of America, Inc. (HTA) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Healthcare Trust of America, Inc. (NYSE:HTA) from a hold rating to a sell rating in a report released on Tuesday morning.

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. “

Several other research firms also recently commented on HTA. Mitsubishi UFJ Financial Group reaffirmed a buy rating on shares of Healthcare Trust of America in a report on Wednesday, May 3rd. Jefferies Group LLC upped their price objective on shares of Healthcare Trust of America from $35.00 to $36.00 and gave the company a buy rating in a report on Monday, May 1st. Mitsubishi UFJ Financial Group Inc reaffirmed a buy rating on shares of Healthcare Trust of America in a report on Thursday, May 4th. BidaskClub downgraded shares of Healthcare Trust of America from a strong-buy rating to a buy rating in a report on Saturday, July 8th. Finally, TheStreet downgraded shares of Healthcare Trust of America from a b- rating to a c rating in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $34.50.

Healthcare Trust of America (NYSE:HTA) opened at 30.33 on Tuesday. Healthcare Trust of America has a 12 month low of $26.34 and a 12 month high of $34.64. The company has a market cap of $6.09 billion, a P/E ratio of 148.68 and a beta of 0.32. The stock has a 50 day moving average of $30.16 and a 200-day moving average of $30.94.

Healthcare Trust of America (NYSE:HTA) last released its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.39 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The business had revenue of $139.90 million for the quarter, compared to the consensus estimate of $133.69 million. Healthcare Trust of America had a net margin of 6.07% and a return on equity of 1.42%. The company’s revenue was up 23.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. Equities research analysts expect that Healthcare Trust of America will post $0.23 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Monday, October 2nd will be issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.02%. This is an increase from Healthcare Trust of America’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, September 29th. Healthcare Trust of America’s dividend payout ratio is presently 571.43%.

In other news, CEO Scott D. Peters sold 55,240 shares of the stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $32.06, for a total value of $1,770,994.40. Following the sale, the chief executive officer now directly owns 405,092 shares of the company’s stock, valued at $12,987,249.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.50% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Healthcare Trust of America by 2.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,412 shares of the real estate investment trust’s stock worth $705,000 after buying an additional 512 shares during the last quarter. Brookstone Capital Management purchased a new stake in shares of Healthcare Trust of America during the first quarter worth about $209,000. Canada Pension Plan Investment Board purchased a new stake in shares of Healthcare Trust of America during the first quarter worth about $7,865,000. Russell Investments Group Ltd. increased its stake in shares of Healthcare Trust of America by 39.3% in the first quarter. Russell Investments Group Ltd. now owns 585,942 shares of the real estate investment trust’s stock worth $18,433,000 after buying an additional 165,373 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of Healthcare Trust of America during the first quarter worth about $3,146,000. 70.89% of the stock is currently owned by hedge funds and other institutional investors.

Healthcare Trust of America Company Profile

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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