NNN Healthcare/Office REIT (HTA) Downgraded by Zacks Investment Research to Sell

NNN Healthcare/Office REIT (NYSE:HTA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

According to Zacks, “Healthcare Trust of America, Inc. is a self-administered real estate investment trust. The Company primarily focuses on medical office buildings, healthcare-related facilities and quality commercial office properties. It also invests to a limited extent in other real estate-related assets. Its portfolio is positioned in metropolitan markets such as Atlanta, GA, Phoenix, AZ, Indianapolis, IN, Greenville, SC, Pittsburgh, PA, Albany, NY, Boston, MA and both Dallas and Houston, TX. Healthcare Trust of America, Inc. is headquartered in Scottsdale, Arizona. “

HTA has been the subject of a number of other reports. Raymond James lowered NNN Healthcare/Office REIT from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from $34.00 to $30.00 in a report on Tuesday, February 27th. Morgan Stanley decreased their price objective on NNN Healthcare/Office REIT from $33.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, March 20th. SunTrust Banks set a $33.00 price objective on NNN Healthcare/Office REIT and gave the stock a “buy” rating in a report on Monday, January 22nd. Stifel Nicolaus lowered NNN Healthcare/Office REIT from a “buy” rating to a “hold” rating in a report on Tuesday, April 24th. Finally, Jefferies Group reissued a “buy” rating on shares of NNN Healthcare/Office REIT in a report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. NNN Healthcare/Office REIT currently has a consensus rating of “Hold” and an average price target of $31.82.

NNN Healthcare/Office REIT traded down $0.36, reaching $24.46, during midday trading on Thursday, MarketBeat Ratings reports. The stock had a trading volume of 1,373,800 shares, compared to its average volume of 1,472,356. NNN Healthcare/Office REIT has a 12 month low of $24.88 and a 12 month high of $25.31. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 3.73 and a beta of 0.20. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.51 and a quick ratio of 1.51.

NNN Healthcare/Office REIT (NYSE:HTA) last issued its earnings results on Thursday, February 15th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.22). NNN Healthcare/Office REIT had a net margin of 9.04% and a return on equity of 1.82%. The firm had revenue of $173.77 million during the quarter, compared to the consensus estimate of $176.07 million. sell-side analysts expect that NNN Healthcare/Office REIT will post 1.68 EPS for the current year.

In other news, CEO Scott D. Peters sold 77,425 shares of the business’s stock in a transaction that occurred on Monday, April 9th. The stock was sold at an average price of $26.28, for a total value of $2,034,729.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.90% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. McKinley Carter Wealth Services Inc. purchased a new position in NNN Healthcare/Office REIT in the first quarter valued at approximately $120,000. Legal & General Group Plc lifted its stake in NNN Healthcare/Office REIT by 14.1% in the first quarter. Legal & General Group Plc now owns 734,843 shares of the real estate investment trust’s stock valued at $19,436,000 after purchasing an additional 90,791 shares during the last quarter. Millennium Management LLC purchased a new position in NNN Healthcare/Office REIT in the first quarter valued at approximately $2,344,000. Segall Bryant & Hamill LLC purchased a new position in NNN Healthcare/Office REIT in the first quarter valued at approximately $3,993,000. Finally, WealthPLAN Partners LLC purchased a new position in NNN Healthcare/Office REIT in the first quarter valued at approximately $240,000.

About NNN Healthcare/Office REIT

Healthcare Trust of America, Inc (NYSE: HTA) is the largest dedicated owner and operator of medical office buildings ("MOBs") in the United States based on gross leasable area ("GLA"). We provide the real estate infrastructure for the integrated delivery of healthcare services in highly desirable locations.

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