Healthcare Trust Of America Inc (NYSE:HTA) – Stock analysts at Capital One Financial dropped their Q2 2019 earnings per share estimates for shares of Healthcare Trust Of America in a research report issued to clients and investors on Tuesday, April 30th, Zacks Investment Research reports. Capital One Financial analyst D. Bernstein now anticipates that the real estate investment trust will earn $0.40 per share for the quarter, down from their prior estimate of $0.41. Capital One Financial currently has a “Overweight” rating on the stock.
Healthcare Trust Of America (NYSE:HTA) last posted its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.34). Healthcare Trust Of America had a return on equity of 6.64% and a net margin of 31.48%. The firm had revenue of $168.97 million during the quarter, compared to analysts’ expectations of $172.91 million. During the same period last year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year.
A number of other analysts have also weighed in on the stock. Jefferies Financial Group raised shares of Healthcare Trust Of America from a “hold” rating to a “buy” rating and increased their price objective for the stock from $30.00 to $33.00 in a research report on Friday, March 29th. BMO Capital Markets reissued a “hold” rating and issued a $28.00 price objective on shares of Healthcare Trust Of America in a research report on Thursday, February 14th. SunTrust Banks reduced their price objective on shares of Healthcare Trust Of America to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. They noted that the move was a valuation call. Morgan Stanley set a $29.00 price objective on shares of Healthcare Trust Of America and gave the stock a “hold” rating in a research report on Thursday, March 28th. Finally, Raymond James raised shares of Healthcare Trust Of America from a “market perform” rating to an “outperform” rating in a research report on Monday. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Healthcare Trust Of America currently has a consensus rating of “Hold” and an average price target of $29.86.
Healthcare Trust Of America stock traded up $0.06 during midday trading on Thursday, reaching $28.18. The stock had a trading volume of 883,900 shares, compared to its average volume of 1,354,899. Healthcare Trust Of America has a 52-week low of $24.06 and a 52-week high of $29.22. The firm has a market capitalization of $5.73 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 5.16 and a beta of 0.48.
A number of hedge funds have recently modified their holdings of the business. Dean Investment Associates LLC grew its stake in Healthcare Trust Of America by 1.0% in the 4th quarter. Dean Investment Associates LLC now owns 34,935 shares of the real estate investment trust’s stock worth $884,000 after acquiring an additional 354 shares in the last quarter. Utah Retirement Systems grew its stake in Healthcare Trust Of America by 0.9% in the 4th quarter. Utah Retirement Systems now owns 46,927 shares of the real estate investment trust’s stock worth $1,188,000 after acquiring an additional 400 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in Healthcare Trust Of America by 79.1% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,060 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 468 shares in the last quarter. Kovack Advisors Inc. grew its stake in Healthcare Trust Of America by 3.4% in the 4th quarter. Kovack Advisors Inc. now owns 15,412 shares of the real estate investment trust’s stock worth $390,000 after acquiring an additional 500 shares in the last quarter. Finally, US Bancorp DE grew its stake in Healthcare Trust Of America by 45.9% in the 1st quarter. US Bancorp DE now owns 2,061 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 648 shares in the last quarter. Institutional investors and hedge funds own 92.55% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Wednesday, July 3rd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 4.40%. Healthcare Trust Of America’s dividend payout ratio is currently 76.54%.
About Healthcare Trust Of America
Healthcare Trust of America, Inc (NYSE: HTA) is the largest dedicated owner and operator of MOBs in the United States, comprising approximately 23.2 million square feet of GLA, with $6.8 billion invested primarily in MOBs. HTA provides real estate infrastructure for the integrated delivery of healthcare services in highly-desirable locations.