Analysts expect Healthcare Trust of America, Inc. (NYSE:HTA) to post sales of $163.07 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Healthcare Trust of America’s earnings, with estimates ranging from $140.05 million to $173.74 million. Healthcare Trust of America posted sales of $118.34 million in the same quarter last year, which suggests a positive year over year growth rate of 37.8%. The business is expected to issue its next earnings results on Tuesday, October 24th.
On average, analysts expect that Healthcare Trust of America will report full-year sales of $163.07 million for the current year, with estimates ranging from $544.51 million to $637.71 million. For the next fiscal year, analysts forecast that the company will report sales of $698.83 million per share, with estimates ranging from $562.66 million to $734.51 million. Zacks’ sales averages are a mean average based on a survey of research analysts that that provide coverage for Healthcare Trust of America.
Healthcare Trust of America (NYSE:HTA) last released its earnings results on Monday, July 31st. The real estate investment trust reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. The company had revenue of $139.90 million during the quarter, compared to the consensus estimate of $133.69 million. Healthcare Trust of America had a return on equity of 1.42% and a net margin of 6.07%. The firm’s quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 earnings per share.
Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Healthcare Trust of America from a “sell” rating to a “hold” rating in a report on Thursday. TheStreet downgraded Healthcare Trust of America from a “b-” rating to a “c” rating in a report on Monday, July 31st. BidaskClub downgraded Healthcare Trust of America from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Raymond James Financial, Inc. raised Healthcare Trust of America from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a report on Monday, July 17th. Finally, UBS AG raised Healthcare Trust of America from an “outperform” rating to a “strong-buy” rating in a report on Monday, July 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $34.50.
Shares of Healthcare Trust of America (NYSE HTA) opened at 30.05 on Friday. Healthcare Trust of America has a 52-week low of $26.34 and a 52-week high of $34.64. The stock’s 50 day moving average price is $30.97 and its 200-day moving average price is $30.93. The company has a market cap of $6.03 billion, a P/E ratio of 147.30 and a beta of 0.32.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Monday, October 2nd will be given a $0.305 dividend. The ex-dividend date is Friday, September 29th. This is a positive change from Healthcare Trust of America’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 4.06%. Healthcare Trust of America’s dividend payout ratio (DPR) is 571.43%.
In other news, CEO Scott D. Peters sold 55,240 shares of Healthcare Trust of America stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $32.06, for a total value of $1,770,994.40. Following the completion of the transaction, the chief executive officer now directly owns 405,092 shares of the company’s stock, valued at approximately $12,987,249.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its stake in shares of Healthcare Trust of America by 0.4% in the first quarter. PNC Financial Services Group Inc. now owns 7,300 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 29 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Healthcare Trust of America by 1.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 15,620 shares of the real estate investment trust’s stock worth $455,000 after buying an additional 167 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Healthcare Trust of America by 1.6% in the first quarter. Teacher Retirement System of Texas now owns 11,163 shares of the real estate investment trust’s stock worth $351,000 after buying an additional 171 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Healthcare Trust of America by 0.3% in the first quarter. Public Employees Retirement System of Ohio now owns 62,418 shares of the real estate investment trust’s stock worth $1,964,000 after buying an additional 185 shares during the last quarter. Finally, Shepherd Financial Partners LLC raised its stake in shares of Healthcare Trust of America by 2.3% in the first quarter. Shepherd Financial Partners LLC now owns 14,028 shares of the real estate investment trust’s stock worth $444,000 after buying an additional 318 shares during the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.
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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