Principal Financial Group Inc. Has $313,000 Stake in Healthcare Trust of America, Inc. (HTA)

Principal Financial Group Inc. cut its stake in shares of Healthcare Trust of America, Inc. (NYSE:HTA) by 35.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,951 shares of the real estate investment trust’s stock after selling 5,573 shares during the period. Principal Financial Group Inc.’s holdings in Healthcare Trust of America were worth $313,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of HTA. Comerica Bank bought a new position in shares of Healthcare Trust of America during the first quarter valued at about $202,000. Brookstone Capital Management purchased a new stake in shares of Healthcare Trust of America during the first quarter valued at $209,000. Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of Healthcare Trust of America during the first quarter valued at $211,000. SG Americas Securities LLC boosted its stake in shares of Healthcare Trust of America by 24.2% in the first quarter. SG Americas Securities LLC now owns 7,723 shares of the real estate investment trust’s stock valued at $243,000 after buying an additional 1,504 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Healthcare Trust of America by 6.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,523 shares of the real estate investment trust’s stock valued at $268,000 after buying an additional 485 shares in the last quarter. Institutional investors own 93.36% of the company’s stock.

Healthcare Trust of America, Inc. (NYSE HTA) traded down 0.17% during midday trading on Friday, hitting $29.36. The stock had a trading volume of 1,057,173 shares. The stock’s 50-day moving average is $30.49 and its 200-day moving average is $30.91. Healthcare Trust of America, Inc. has a 1-year low of $26.34 and a 1-year high of $34.64. The stock has a market capitalization of $5.89 billion, a PE ratio of 143.92 and a beta of 0.32.

Healthcare Trust of America (NYSE:HTA) last released its earnings results on Monday, July 31st. The real estate investment trust reported $0.39 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The company had revenue of $139.90 million for the quarter, compared to the consensus estimate of $133.69 million. Healthcare Trust of America had a return on equity of 1.42% and a net margin of 6.07%. Healthcare Trust of America’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 earnings per share. On average, equities research analysts anticipate that Healthcare Trust of America, Inc. will post $0.14 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Monday, October 2nd will be given a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 4.16%. This is an increase from Healthcare Trust of America’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, September 29th. Healthcare Trust of America’s payout ratio is presently 571.43%.

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Several analysts have weighed in on HTA shares. Zacks Investment Research cut Healthcare Trust of America from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Jefferies Group LLC upped their price target on Healthcare Trust of America from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Mitsubishi UFJ Financial Group reaffirmed a “buy” rating on shares of Healthcare Trust of America in a research note on Wednesday, May 3rd. Mitsubishi UFJ Financial Group Inc reaffirmed a “buy” rating on shares of Healthcare Trust of America in a research note on Thursday, May 4th. Finally, BMO Capital Markets set a $33.00 price objective on Healthcare Trust of America and gave the company a “hold” rating in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $34.50.

In other news, CEO Scott D. Peters sold 55,240 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $32.06, for a total value of $1,770,994.40. Following the transaction, the chief executive officer now directly owns 405,092 shares in the company, valued at $12,987,249.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by insiders.

About Healthcare Trust of America

Healthcare Trust of America, Inc is a real estate investment trust. The Company is an owner and operator of medical office buildings (MOBs) in the United States. The Company focuses on owning and operating MOBs that serve healthcare delivery and are located on health system campuses, near university medical centers, or in community core outpatient locations.

Institutional Ownership by Quarter for Healthcare Trust of America (NYSE:HTA)

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