Healthcare Trust Of America (NYSE:HTA) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday, Zacks.com reports. The firm presently has a $32.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 14.74% from the company’s current price.
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. “
Several other research analysts also recently weighed in on HTA. Citigroup set a $5.00 target price on shares of Forum Energy Technologies and gave the stock a “buy” rating in a research report on Thursday, June 20th. SunTrust Banks lowered their price objective on shares of CVS Health from $85.00 to $65.00 in a research report on Wednesday, April 10th. Morgan Stanley set a $111.00 price objective on shares of Procter & Gamble and gave the company a “buy” rating in a research report on Thursday, March 28th. Raymond James reaffirmed a “neutral” rating and set a $35.00 price objective on shares of Stantec in a research report on Monday, May 13th. Finally, Jefferies Financial Group lowered their price objective on shares of MAV Beauty Brands from C$15.00 to C$14.00 in a research report on Friday, March 29th. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $30.25.
Healthcare Trust Of America (NYSE:HTA) last released its earnings results on Thursday, April 25th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.34). The firm had revenue of $168.97 million during the quarter, compared to analysts’ expectations 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 was down 3.8% on a year-over-year basis. During the same period last year, the business earned $0.41 earnings per share. Equities research analysts forecast that Healthcare Trust Of America will post 1.64 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Gradient Investments LLC grew its position in Healthcare Trust Of America by 60.6% during the second quarter. Gradient Investments LLC now owns 978 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 369 shares in the last quarter. Next Capital Management LLC acquired a new stake in Healthcare Trust Of America in the first quarter valued at approximately $50,000. PNC Financial Services Group Inc. lifted its stake in Healthcare Trust Of America by 26.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,646 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 772 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Healthcare Trust Of America by 1,382.9% in the first quarter. Quadrant Capital Group LLC now owns 3,737 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 3,485 shares during the last quarter. Finally, Canton Hathaway LLC lifted its stake in Healthcare Trust Of America by 100.0% in the first quarter. Canton Hathaway LLC now owns 6,000 shares of the real estate investment trust’s stock valued at $171,000 after acquiring an additional 3,000 shares during the last quarter. 90.96% of the stock is currently owned by hedge funds and other institutional investors.
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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