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Van ECK Associates Corp Reduces Stake in Healthcare Trust of America, Inc. (NYSE:HTA)

Defense World ·  Aug 22, 2022 05:31

Van ECK Associates Corp lowered its holdings in Healthcare Trust of America, Inc. (NYSE:HTA – Get Rating) by 11.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 96,856 shares of the real estate investment trust's stock after selling 13,095 shares during the quarter. Van ECK Associates Corp's holdings in Healthcare Trust of America were worth $3,035,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. CIBC Asset Management Inc lifted its stake in shares of Healthcare Trust of America by 4.2% in the 4th quarter. CIBC Asset Management Inc now owns 8,620 shares of the real estate investment trust's stock valued at $288,000 after purchasing an additional 349 shares during the period. Jeppson Wealth Management LLC lifted its stake in shares of Healthcare Trust of America by 2.0% in the 1st quarter. Jeppson Wealth Management LLC now owns 17,965 shares of the real estate investment trust's stock valued at $563,000 after purchasing an additional 350 shares during the period. First Republic Investment Management Inc. lifted its stake in shares of Healthcare Trust of America by 1.9% in the 4th quarter. First Republic Investment Management Inc. now owns 20,631 shares of the real estate investment trust's stock valued at $689,000 after purchasing an additional 387 shares during the period. Neo Ivy Capital Management lifted its stake in shares of Healthcare Trust of America by 5.0% in the 4th quarter. Neo Ivy Capital Management now owns 9,945 shares of the real estate investment trust's stock valued at $332,000 after purchasing an additional 471 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Healthcare Trust of America by 0.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116,011 shares of the real estate investment trust's stock valued at $3,636,000 after purchasing an additional 495 shares during the period.

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Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HTA shares. StockNews.com began coverage on Healthcare Trust of America in a research note on Monday, August 15th. They issued a "sell" rating for the company. Berenberg Bank raised Healthcare Trust of America from a "hold" rating to a "buy" rating and reduced their price objective for the company from $37.00 to $34.00 in a research report on Tuesday, May 10th. Finally, Truist Financial reduced their target price on Healthcare Trust of America from $31.00 to $28.00 in a report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $32.75.

Healthcare Trust of America Price Performance

NYSE HTA opened at $29.19 on Monday. The company has a market capitalization 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 business's fifty day moving average is $28.84 and its 200 day moving average is $30.27. Healthcare Trust of America, Inc. has a fifty-two week low of $26.52 and a fifty-two week high of $34.83.

Healthcare Trust of America Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, July 27th. Investors of record on Tuesday, July 19th were given a dividend of $4.82 per share. The ex-dividend date was Thursday, July 21st. This is an increase from Healthcare Trust of America's previous dividend of $0.03. Healthcare Trust of America's payout ratio is 316.67%.

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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