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StockNews.com Initiates Coverage on Healthcare Trust of America (NYSE:HTA)

Financial News Live ·  Aug 9, 2022 01:11

Equities research analysts at StockNews.com began coverage on shares of Healthcare Trust of America (NYSE:HTA – Get Rating) in a research note issued on Sunday. The brokerage set a "sell" rating on the real estate investment trust's stock.

Other research analysts also recently issued research reports about the stock. Berenberg Bank raised shares of Healthcare Trust of America from a "hold" rating to a "buy" rating and cut their price objective for the stock from $37.00 to $34.00 in a research report on Tuesday, May 10th. Truist Financial dropped their target price on shares of Healthcare Trust of America from $31.00 to $28.00 in a research report on Monday, July 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Healthcare Trust of America presently has an average rating of "Hold" and a consensus target price of $32.75.

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Healthcare Trust of America Stock Performance

The firm has a 50 day simple moving average of $28.85 and a 200-day simple moving average of $30.33. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.20 and a current ratio of 2.20. Healthcare Trust of America has a twelve month low of $26.52 and a twelve month high of $34.83. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 69.50 and a beta of 0.63.

Institutional Investors Weigh In On Healthcare Trust of America

A number of hedge funds have recently modified their holdings of the company. ACG Wealth purchased a new position in shares of Healthcare Trust of America in the second quarter valued at approximately $28,000. GW&K Investment Management LLC purchased a new position in shares of Healthcare Trust of America during the first quarter worth approximately $29,000. Covestor Ltd purchased a new position in Healthcare Trust of America in the 4th quarter valued at $36,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Healthcare Trust of America in the 1st quarter valued at $38,000. Finally, Prospera Financial Services Inc purchased a new stake in shares of Healthcare Trust of America during the 1st quarter worth $49,000.

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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