Zacks: Analysts Expect Healthcare Trust Of America Inc (HTA) Will Post Quarterly Sales of $172.84 Million

Brokerages expect that Healthcare Trust Of America Inc (NYSE:HTA) will post sales of $172.84 million for the current quarter, Zacks reports. Six analysts have provided estimates for Healthcare Trust Of America’s earnings, with estimates ranging from $169.67 million to $176.39 million. Healthcare Trust Of America posted sales of $173.77 million during the same quarter last year, which suggests a negative year over year growth rate of 0.5%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 21st.

According to Zacks, analysts expect that Healthcare Trust Of America will report full year sales of $696.80 million for the current financial year, with estimates ranging from $693.50 million to $700.34 million. For the next fiscal year, analysts anticipate that the firm will report sales of $705.40 million, with estimates ranging from $699.25 million to $718.76 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Healthcare Trust Of America.

Healthcare Trust Of America (NYSE:HTA) last posted its earnings results on Thursday, October 25th. The real estate investment trust reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $175.14 million for the quarter, compared to analyst estimates of $174.85 million. Healthcare Trust Of America had a return on equity of 7.31% and a net margin of 34.48%.

HTA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on Healthcare Trust Of America from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, August 29th. Jefferies Financial Group reissued a “buy” rating and set a $34.00 target price on shares of Healthcare Trust Of America in a report on Monday, August 13th. ValuEngine raised Healthcare Trust Of America from a “sell” rating to a “hold” rating in a report on Monday, October 8th. SunTrust Banks decreased their target price on Healthcare Trust Of America from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Finally, Zacks Investment Research raised Healthcare Trust Of America from a “sell” rating to a “hold” rating in a report on Monday, September 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $30.40.

Shares of HTA stock traded down $0.44 during trading on Wednesday, reaching $28.65. 1,445,978 shares of the company’s stock were exchanged, compared to its average volume of 1,556,848. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $6.03 billion, a PE ratio of 17.58, a PEG ratio of 4.46 and a beta of 0.22. Healthcare Trust Of America has a twelve month low of $24.06 and a twelve month high of $31.69.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 9th. Shareholders of record on Wednesday, January 2nd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend is Monday, December 31st. Healthcare Trust Of America’s dividend payout ratio is 76.07%.

A number of hedge funds and other institutional investors have recently modified their holdings of HTA. JNBA Financial Advisors acquired a new position in Healthcare Trust Of America in the 3rd quarter valued at $143,000. First Hawaiian Bank purchased a new position in Healthcare Trust Of America in the third quarter worth about $190,000. Qube Research & Technologies Ltd purchased a new position in Healthcare Trust Of America in the second quarter worth about $191,000. Engineers Gate Manager LP purchased a new position in Healthcare Trust Of America in the third quarter worth about $203,000. Finally, CIBC Asset Management Inc purchased a new position in Healthcare Trust Of America in the second quarter worth about $210,000. 95.39% of the stock is currently owned by hedge funds and other institutional investors.

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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