Healthcare Trust of America (NYSE:HTA) Upgraded at Zacks Investment Research

Healthcare Trust of America (NYSE:HTAGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

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. “

Other equities analysts have also issued reports about the company. Stifel Nicolaus lowered Healthcare Trust of America from a “buy” rating to a “hold” rating in a research note on Monday, February 28th. StockNews.com raised Healthcare Trust of America from a “sell” rating to a “hold” rating in a research note on Friday, March 25th. Finally, Credit Suisse Group initiated coverage on Healthcare Trust of America in a report on Tuesday, February 1st. They issued an “outperform” rating for the company. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $34.00.

Shares of HTA stock opened at $28.90 on Tuesday. The company’s 50-day moving average price is $31.03. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 68.81 and a beta of 0.61. Healthcare Trust of America has a 12 month low of $26.36 and a 12 month high of $34.83.

Healthcare Trust of America (NYSE:HTAGet Rating) last posted its quarterly earnings data on Monday, February 28th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The company had revenue of $195.70 million during the quarter, compared to analyst estimates of $193.35 million. Healthcare Trust of America had a return on equity of 2.92% and a net margin of 12.13%. Healthcare Trust of America’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 earnings per share. As a group, analysts forecast that Healthcare Trust of America will post 1.81 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GW&K Investment Management LLC bought a new position in shares of Healthcare Trust of America during the first quarter valued at about $29,000. Exchange Traded Concepts LLC bought a new stake in Healthcare Trust of America in the fourth quarter worth about $31,000. Covestor Ltd bought a new stake in Healthcare Trust of America in the fourth quarter worth about $36,000. Reilly Financial Advisors LLC bought a new stake in Healthcare Trust of America in the fourth quarter worth about $37,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Healthcare Trust of America in the first quarter worth about $38,000.

About Healthcare Trust of America (Get Rating)

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.

Further Reading

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