StockNews.com started coverage on shares of Healthcare Trust of America (NYSE:HTA – Get Rating) in a report released on Saturday. The brokerage issued a sell rating on the real estate investment trust's stock.
Other equities analysts have also recently issued research reports about the stock. Truist Financial lowered their price objective on shares of Healthcare Trust of America from $31.00 to $28.00 in a research report on Monday, July 11th. Berenberg Bank raised shares of Healthcare Trust of America from a hold rating to a buy rating and decreased their price target for the company from $37.00 to $34.00 in a research report on Tuesday, May 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Healthcare Trust of America currently has a consensus rating of Hold and an average price target of $33.00.
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Healthcare Trust of America Stock Performance
The company has a debt-to-equity ratio of 0.93, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a market cap of $6.69 billion, a PE ratio of 69.50 and a beta of 0.63. The business's fifty day moving average is $28.85 and its 200 day moving average is $30.33. Healthcare Trust of America has a 1 year low of $26.52 and a 1 year high of $34.83.
Healthcare Trust of America Increases Dividend
The company also recently disclosed 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 positive change 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 dividend payout ratio (DPR) is presently 316.67%.
Institutional Investors Weigh In On Healthcare Trust of America
Several hedge funds and other institutional investors have recently bought and sold shares of HTA. Cohen & Steers Inc. raised its stake in Healthcare Trust of America by 11.6% during the 1st quarter. Cohen & Steers Inc. now owns 25,711,335 shares of the real estate investment trust's stock worth $805,891,000 after acquiring an additional 2,680,187 shares in the last quarter. Principal Financial Group Inc. raised its stake in Healthcare Trust of America by 15.7% during the 4th quarter. Principal Financial Group Inc. now owns 13,516,686 shares of the real estate investment trust's stock worth $450,442,000 after acquiring an additional 1,832,247 shares in the last quarter. State Street Corp raised its stake in Healthcare Trust of America by 15.6% during the 1st quarter. State Street Corp now owns 9,650,560 shares of the real estate investment trust's stock worth $302,449,000 after acquiring an additional 1,301,005 shares in the last quarter. Alpine Associates Management Inc. acquired a new stake in Healthcare Trust of America during the 1st quarter worth $37,467,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Healthcare Trust of America by 1,963.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,254,690 shares of the real estate investment trust's stock worth $39,322,000 after acquiring an additional 1,193,893 shares in the last quarter.
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.
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