Ropes Wealth Advisors LLC purchased a new position in shares of Healthcare Trust of America, Inc. (NYSE:HTA – Get Rating) during the 1st quarter, Holdings Channel.com reports. The fund purchased 29,000 shares of the real estate investment trust's stock, valued at approximately $909,000.
A number of other institutional investors have also modified their holdings of HTA. Covestor Ltd acquired a new stake in Healthcare Trust of America during the fourth quarter worth about $36,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Healthcare Trust of America in the 1st quarter worth approximately $38,000. Citizens National Bank Trust Department acquired a new stake in shares of Healthcare Trust of America during the 4th quarter worth approximately $52,000. Parsons Capital Management Inc. RI purchased a new position in shares of Healthcare Trust of America during the 4th quarter valued at approximately $211,000. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Healthcare Trust of America by 11.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 6,536 shares of the real estate investment trust's stock valued at $217,000 after purchasing an additional 691 shares during the period.
Get Healthcare Trust of America alerts:Healthcare Trust of America Price Performance
NYSE:HTA opened at $29.19 on Tuesday. Healthcare Trust of America, Inc. has a one year low of $26.52 and a one year high of $34.83. The stock has a market cap of $6.69 billion, a PE ratio of 69.50 and a beta of 0.63. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a 50 day moving average price of $28.85 and a 200 day moving average price of $30.39.
Healthcare Trust of America Increases Dividend
The business also recently declared a dividend, which will be paid on Wednesday, July 27th. Stockholders of record on Tuesday, July 19th will be paid a $4.82 dividend. This is an increase from Healthcare Trust of America's previous dividend of $0.03. The ex-dividend date is Thursday, July 21st. Healthcare Trust of America's payout ratio is 316.67%.Analyst Upgrades and Downgrades
Several analysts recently commented on HTA shares. Berenberg Bank upgraded shares of Healthcare Trust of America from a "hold" rating to a "buy" rating and dropped their price target for the company from $37.00 to $34.00 in a research report on Tuesday, May 10th. StockNews.com lowered Healthcare Trust of America from a "hold" rating to a "sell" rating in a research note on Monday, July 18th. Finally, Truist Financial reduced their price target on Healthcare Trust of America from $31.00 to $28.00 in a report on Monday, July 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $33.00.
About Healthcare Trust of America
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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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