Teachers Insurance & Annuity Association of America reduced its position in Healthcare Trust Of America Inc (NYSE:HTA) by 1.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 189,276 shares of the real estate investment trust’s stock after selling 2,606 shares during the period. Teachers Insurance & Annuity Association of America’s holdings in Healthcare Trust Of America were worth $5,191,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Gradient Investments LLC grew its position in Healthcare Trust Of America by 60.6% during the second quarter. Gradient Investments LLC now owns 978 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 369 shares during the period. Weaver Consulting Group acquired a new stake in Healthcare Trust Of America during the second quarter worth about $46,000. Next Capital Management LLC acquired a new stake in Healthcare Trust Of America during the first quarter worth about $50,000. Capital Investment Advisory Services LLC raised its holdings in shares of Healthcare Trust Of America by 32.3% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 3,013 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 735 shares during the period. Finally, Quantamental Technologies LLC purchased a new position in shares of Healthcare Trust Of America in the 2nd quarter worth about $98,000. 91.29% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:HTA traded up $0.18 during midday trading on Wednesday, hitting $28.06. 41,874 shares of the company’s stock traded hands, compared to its average volume of 1,128,879. The firm’s fifty day moving average price is $27.75 and its two-hundred day moving average price is $28.07. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.41 and a current ratio of 1.41. Healthcare Trust Of America Inc has a twelve month low of $24.21 and a twelve month high of $29.39. The company has a market cap of $5.85 billion, a PE ratio of 17.28, a P/E/G ratio of 5.28 and a beta of 0.30.
Healthcare Trust Of America (NYSE:HTA) last announced its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.33). Healthcare Trust Of America had a net margin of 31.68% and a return on equity of 6.73%. The company had revenue of $171.80 million during the quarter, compared to analyst estimates of $171.38 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. As a group, equities research analysts anticipate that Healthcare Trust Of America Inc will post 1.64 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, October 3rd will be given a $0.315 dividend. This is an increase from Healthcare Trust Of America’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.26 annualized dividend and a dividend yield of 4.49%. Healthcare Trust Of America’s dividend payout ratio is presently 76.54%.
HTA has been the topic of several research analyst reports. Zacks Investment Research lowered Healthcare Trust Of America from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Citigroup initiated coverage on shares of 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 five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $30.43.
Healthcare Trust Of America 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.
Further Reading: Strike Price
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