Healthcare Trust Of America Inc (HTA) Expected to Announce Quarterly Sales of $170.61 Million

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Brokerages expect that Healthcare Trust Of America Inc (NYSE:HTA) will report $170.61 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Healthcare Trust Of America’s earnings, with the highest sales estimate coming in at $171.70 million and the lowest estimate coming in at $169.72 million. Healthcare Trust Of America reported sales of $173.33 million in the same quarter last year, which indicates a negative year-over-year growth rate of 1.6%. The business is scheduled to announce its next earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Healthcare Trust Of America will report full year sales of $687.36 million for the current fiscal year, with estimates ranging from $680.58 million to $701.00 million. For the next financial year, analysts expect that the firm will report sales of $711.29 million, with estimates ranging from $693.43 million to $728.19 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Healthcare Trust Of America.

Healthcare Trust Of America (NYSE:HTA) last posted its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.34). Healthcare Trust Of America had a net margin of 31.48% and a return on equity of 6.64%. The business had revenue of $168.97 million during the quarter, compared to the consensus estimate of $172.91 million. During the same period last year, the firm earned $0.41 EPS. The business’s revenue for the quarter was down 3.8% on a year-over-year basis.

Several analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of Healthcare Trust Of America from a “hold” rating to a “buy” rating and boosted their price target for the company from $30.00 to $33.00 in a research report on Friday, March 29th. Zacks Investment Research raised shares of Healthcare Trust Of America from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. SunTrust Banks lowered their price target on shares of Healthcare Trust Of America to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. They noted that the move was a valuation call. Morgan Stanley set a $29.00 price target on shares of Healthcare Trust Of America and gave the company a “hold” rating in a research report on Thursday, March 28th. Finally, Raymond James raised shares of Healthcare Trust Of America from a “market perform” rating to an “outperform” rating in a research report on Monday, May 13th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $29.86.

Shares of NYSE HTA traded up $0.20 during midday trading on Wednesday, hitting $28.22. The company’s stock had a trading volume of 851,689 shares, compared to its average volume of 1,336,421. Healthcare Trust Of America has a one year low of $24.21 and a one year high of $29.22. The firm has a market cap of $5.72 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 5.22 and a beta of 0.48.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, July 3rd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Tuesday, July 2nd. Healthcare Trust Of America’s dividend payout ratio (DPR) is presently 76.54%.

A number of institutional investors have recently bought and sold shares of the stock. Dean Investment Associates LLC increased its holdings in Healthcare Trust Of America by 1.0% during the 4th quarter. Dean Investment Associates LLC now owns 34,935 shares of the real estate investment trust’s stock worth $884,000 after acquiring an additional 354 shares during the period. Utah Retirement Systems increased its holdings in Healthcare Trust Of America by 0.9% during the 4th quarter. Utah Retirement Systems now owns 46,927 shares of the real estate investment trust’s stock worth $1,188,000 after acquiring an additional 400 shares during the period. Patriot Financial Group Insurance Agency LLC increased its holdings in Healthcare Trust Of America by 79.1% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,060 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 468 shares during the period. Kovack Advisors Inc. increased its holdings in Healthcare Trust Of America by 3.4% during the 4th quarter. Kovack Advisors Inc. now owns 15,412 shares of the real estate investment trust’s stock worth $390,000 after acquiring an additional 500 shares during the period. Finally, US Bancorp DE increased its holdings in Healthcare Trust Of America by 45.9% during the 1st quarter. US Bancorp DE now owns 2,061 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 648 shares during the period. 92.55% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Trust Of America Company Profile

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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Earnings History and Estimates for Healthcare Trust Of America (NYSE:HTA)

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