$170.61 Million in Sales Expected for Healthcare Trust Of America Inc (HTA) This Quarter

Wall Street analysts forecast that Healthcare Trust Of America Inc (NYSE:HTA) will announce sales of $170.61 million for the current quarter, Zacks reports. Seven analysts have issued estimates for Healthcare Trust Of America’s earnings. The lowest sales estimate is $169.72 million and the highest is $171.70 million. Healthcare Trust Of America reported sales of $173.33 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1.6%. The firm is scheduled to announce its next quarterly earnings report on Thursday, August 1st.

According to Zacks, analysts expect that Healthcare Trust Of America will report full-year sales of $687.36 million for the current fiscal year, with estimates ranging from $680.58 million to $701.00 million. For the next fiscal year, analysts forecast that the firm will post sales of $711.29 million, with estimates ranging from $693.43 million to $728.19 million. Zacks’ sales averages are an average based on a survey of research firms that cover Healthcare Trust Of America.

Healthcare Trust Of America (NYSE:HTA) last announced its earnings results on Thursday, April 25th. The real estate investment trust reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.34). The firm had revenue of $168.97 million during the quarter, compared to the consensus estimate of $172.91 million. Healthcare Trust Of America had a return on equity of 6.64% and a net margin of 31.48%. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 earnings per share.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Healthcare Trust Of America from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Raymond James upgraded shares of Healthcare Trust Of America from a “market perform” rating to an “outperform” rating in a report on Monday, May 13th. Morgan Stanley set a $29.00 price objective on shares of Healthcare Trust Of America and gave the company a “hold” rating in a report on Thursday, March 28th. SunTrust Banks cut their price objective on shares of Healthcare Trust Of America to $30.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. They noted that the move was a valuation call. Finally, BMO Capital Markets restated a “hold” rating and set a $28.00 price objective on shares of Healthcare Trust Of America in a report on Thursday, February 14th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $29.86.

Shares of HTA traded up $0.20 during mid-day trading on Wednesday, hitting $28.22. 851,689 shares of the company traded hands, compared to its average volume of 1,336,421. Healthcare Trust Of America has a 1-year low of $24.21 and a 1-year high of $29.22. The company has a market cap of $5.72 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 5.22 and a beta of 0.48.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Wednesday, July 3rd will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $1.24 annualized dividend and a dividend yield of 4.39%. Healthcare Trust Of America’s dividend payout ratio (DPR) is currently 76.54%.

Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of Healthcare Trust Of America by 56.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,180,784 shares of the real estate investment trust’s stock worth $191,513,000 after acquiring an additional 2,603,289 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Healthcare Trust Of America during the 3rd quarter worth approximately $220,000. AQR Capital Management LLC boosted its position in shares of Healthcare Trust Of America by 4.7% during the 3rd quarter. AQR Capital Management LLC now owns 53,623 shares of the real estate investment trust’s stock worth $1,430,000 after acquiring an additional 2,426 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Healthcare Trust Of America by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 29,456,045 shares of the real estate investment trust’s stock worth $785,594,000 after acquiring an additional 460,446 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Healthcare Trust Of America by 1.9% during the 4th quarter. State of Alaska Department of Revenue now owns 89,566 shares of the real estate investment trust’s stock worth $2,265,000 after acquiring an additional 1,643 shares in the last quarter. Hedge funds and other institutional investors own 92.55% of the company’s stock.

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.

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