Berenberg Bank assumed coverage on shares of Healthcare Trust Of America (NYSE:HTA) in a research report released on Thursday morning, The Fly reports. The firm issued a buy rating and a $33.00 price target on the real estate investment trust’s stock.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded Healthcare Trust Of America from a buy rating to a hold rating in a research report on Friday, July 26th. Citigroup began coverage on Healthcare Trust Of America in a research report on Thursday, June 20th. They set a neutral rating and a $29.00 target price for the company. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $30.75.
Shares of Healthcare Trust Of America stock traded down $0.62 during midday trading on Thursday, hitting $27.67. 32,861 shares of the company were exchanged, compared to its average volume of 1,099,309. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market cap of $5.72 billion, a P/E ratio of 17.08, a PEG ratio of 5.16 and a beta of 0.30. Healthcare Trust Of America has a 52 week low of $24.21 and a 52 week high of $29.39. The firm has a 50 day simple moving average of $27.76 and a 200-day simple moving average of $28.06.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Thursday, October 3rd will be issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 4.55%. This is a boost from Healthcare Trust Of America’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, October 2nd. Healthcare Trust Of America’s dividend payout ratio (DPR) is currently 76.54%.
Hedge funds have recently added to or reduced their stakes in the stock. Gradient Investments LLC increased its holdings in Healthcare Trust Of America by 60.6% during the 2nd quarter. Gradient Investments LLC now owns 978 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 369 shares in the last quarter. Weaver Consulting Group acquired a new stake in Healthcare Trust Of America during the 2nd quarter valued at $46,000. Neo Ivy Capital Management acquired a new stake in Healthcare Trust Of America during the 2nd quarter valued at $74,000. Capital Investment Advisory Services LLC increased its holdings in Healthcare Trust Of America by 32.3% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 3,013 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 735 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in Healthcare Trust Of America during the 2nd quarter valued at $98,000. 91.29% of the stock is owned by hedge funds and other institutional investors.
About Healthcare Trust Of America
Healthcare Trust of America, Inc (NYSE: HTA) is the largest dedicated owner and operator of MOBs in the United States, comprising approximately 23.2 million square feet of GLA, with $6.8 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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