APG Asset Management N.V. purchased a new stake in shares of Healthcare Trust Of America Inc (NYSE:HTA) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 67,900 shares of the real estate investment trust’s stock, valued at approximately $1,649,000.
Several other institutional investors have also added to or reduced their stakes in the stock. Capital Bank & Trust Co bought a new stake in Healthcare Trust Of America in the 4th quarter worth about $26,000. Private Capital Group LLC boosted its holdings in shares of Healthcare Trust Of America by 97.3% during the 1st quarter. Private Capital Group LLC now owns 1,178 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 581 shares during the last quarter. ERTS Wealth Advisors LLC bought a new stake in shares of Healthcare Trust Of America in the fourth quarter worth approximately $30,000. Verus Capital Partners LLC purchased a new position in shares of Healthcare Trust Of America during the fourth quarter valued at approximately $30,000. Finally, Synovus Financial Corp purchased a new position in shares of Healthcare Trust Of America during the first quarter valued at approximately $35,000. 99.22% of the stock is currently owned by institutional investors.
Shares of HTA opened at $26.52 on Wednesday. The business has a 50-day simple moving average of $26.54 and a two-hundred day simple moving average of $28.20. Healthcare Trust Of America Inc has a 52 week low of $20.61 and a 52 week high of $34.22. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 15.63 and a beta of 0.59.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, July 2nd will be paid a $0.315 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.26 dividend on an annualized basis and a dividend yield of 4.75%. Healthcare Trust Of America’s dividend payout ratio (DPR) is presently 76.83%.
In other Healthcare Trust Of America news, CFO Robert A. Milligan purchased 2,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was acquired at an average price of $23.75 per share, for a total transaction of $47,500.00. Following the purchase, the chief financial officer now owns 170,212 shares of the company’s stock, valued at approximately $4,042,535. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by company insiders.
HTA has been the subject of a number of research analyst reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $38.00 target price on shares of Healthcare Trust Of America in a research report on Wednesday, May 6th. BTIG Research lowered Healthcare Trust Of America from a “buy” rating to a “neutral” rating in a report on Monday, March 16th. Zacks Investment Research downgraded Healthcare Trust Of America from a “hold” rating to a “sell” rating in a report on Thursday, June 25th. Wells Fargo & Co dropped their target price on Healthcare Trust Of America from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, April 3rd. Finally, Citigroup reduced their price target on shares of Healthcare Trust Of America from $34.00 to $25.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Healthcare Trust Of America currently has a consensus rating of “Buy” and a consensus target price of $30.20.
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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