abrdn plc boosted its stake in shares of Healthcare Trust of America, Inc. (NYSE:HTA – Get Rating) by 3.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 48,591 shares of the real estate investment trust's stock after buying an additional 1,527 shares during the period. abrdn plc's holdings in Healthcare Trust of America were worth $1,540,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Principal Financial Group Inc. raised its holdings 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 valued at $450,442,000 after buying an additional 1,832,247 shares during the period. State Street Corp raised its holdings in Healthcare Trust of America by 8.1% during the 4th quarter. State Street Corp now owns 8,349,555 shares of the real estate investment trust's stock valued at $278,792,000 after buying an additional 627,037 shares during the period. Daiwa Securities Group Inc. raised its holdings in Healthcare Trust of America by 6.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 4,308,506 shares of the real estate investment trust's stock valued at $135,029,000 after buying an additional 277,862 shares during the period. Geode Capital Management LLC grew its position in Healthcare Trust of America by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 3,313,271 shares of the real estate investment trust's stock valued at $110,630,000 after acquiring an additional 56,264 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its position in Healthcare Trust of America by 36.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 2,850,408 shares of the real estate investment trust's stock valued at $95,175,000 after acquiring an additional 755,100 shares during the last quarter.
Get Healthcare Trust of America alerts:Healthcare Trust of America Price Performance
HTA opened at $29.19 on Tuesday. Healthcare Trust of America, Inc. has a 12-month low of $26.52 and a 12-month high of $34.83. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.93. The business's fifty day simple moving average is $28.85 and its 200-day simple moving average is $30.33. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 69.50 and a beta of 0.63.
Healthcare Trust of America Increases Dividend
The company also recently declared a dividend, which was paid on Wednesday, July 27th. Stockholders of record on Tuesday, July 19th were given a dividend of $4.82 per share. This is an increase 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 is presently 316.67%.Analysts Set New Price Targets
Several brokerages have commented on HTA. Truist Financial cut their price objective on Healthcare Trust of America from $31.00 to $28.00 in a research report on Monday, July 11th. StockNews.com began coverage on Healthcare Trust of America in a research report on Saturday. They issued a "sell" rating on the stock. Finally, Berenberg Bank raised Healthcare Trust of America from a "hold" rating to a "buy" rating and cut their price objective for the company from $37.00 to $34.00 in a research report on Tuesday, May 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Healthcare Trust of America presently has a consensus rating of "Hold" and a consensus 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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