Healthcare Trust of America, Inc. (NYSE:HTA – Get Rating) has received a consensus rating of "Hold" from the eight ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $32.00.
HTA has been the subject of a number of recent research reports. Truist Financial decreased their price target on shares of Healthcare Trust of America from $31.00 to $28.00 in a research note on Monday, July 11th. Berenberg Bank raised shares of Healthcare Trust of America from a "hold" rating to a "buy" rating and cut their price objective for the stock from $37.00 to $34.00 in a report on Tuesday, May 10th. Finally, StockNews.com started coverage on shares of Healthcare Trust of America in a report on Saturday, July 30th. They set a "sell" rating on the stock.
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Healthcare Trust of America has a 12 month low of $26.52 and a 12 month high of $34.83. The business has a 50-day moving average price of $28.85 and a 200 day moving average price of $30.33. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $6.69 billion, a P/E ratio of 69.50 and a beta of 0.63.
Healthcare Trust of America Increases Dividend
The firm also recently announced a dividend, which was paid on Wednesday, July 27th. Stockholders of record on Tuesday, July 19th were issued a $4.82 dividend. This is a boost from Healthcare Trust of America's previous dividend of $0.03. The ex-dividend date of this dividend was Thursday, July 21st. Healthcare Trust of America's payout ratio is presently 316.67%.Hedge Funds Weigh In On Healthcare Trust of America
A number of institutional investors have recently modified their holdings of HTA. Cohen & Steers Inc. increased its holdings in shares of Healthcare Trust of America by 11.6% in the 1st quarter. Cohen & Steers Inc. now owns 25,711,335 shares of the real estate investment trust's stock valued at $805,891,000 after acquiring an additional 2,680,187 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Healthcare Trust of America by 15.7% in the 4th quarter. Principal Financial Group Inc. now owns 13,516,686 shares of the real estate investment trust's stock valued at $450,442,000 after acquiring an additional 1,832,247 shares during the period. State Street Corp increased its holdings in shares of Healthcare Trust of America by 15.6% in the 1st quarter. State Street Corp now owns 9,650,560 shares of the real estate investment trust's stock valued at $302,449,000 after acquiring an additional 1,301,005 shares during the period. Alpine Associates Management Inc. acquired a new position in shares of Healthcare Trust of America in the 1st quarter valued at $37,467,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Healthcare Trust of America by 1,963.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,254,690 shares of the real estate investment trust's stock valued at $39,322,000 after acquiring an additional 1,193,893 shares during the period.
Healthcare Trust of America Company Profile
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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
- Get a free copy of the StockNews.com research report on Healthcare Trust of America (HTA)
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