Zacks: Analysts Anticipate Healthcare Trust Of America Inc (HTA) Will Announce Quarterly Sales of $170.61 Million

Equities research analysts expect Healthcare Trust Of America Inc (NYSE:HTA) to report sales of $170.61 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Healthcare Trust Of America’s earnings. The lowest sales estimate is $169.72 million and the highest is $171.70 million. Healthcare Trust Of America posted sales of $173.33 million during the same quarter last year, which suggests a negative year over year growth rate of 1.6%. The company is expected to issue its next quarterly earnings report on Thursday, August 1st.

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

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

Several research analysts have weighed in on the stock. Zacks Investment Research raised shares of Healthcare Trust Of America from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. BMO Capital Markets reissued a “hold” rating and issued a $28.00 price target on shares of Healthcare Trust Of America in a report on Thursday, February 14th. Jefferies Financial Group raised shares of Healthcare Trust Of America from a “hold” rating to a “buy” rating and increased their price target for the company from $30.00 to $33.00 in a report on Friday, March 29th. Morgan Stanley set a $29.00 price target on shares of Healthcare Trust Of America and gave the company a “hold” rating in a 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 report on Monday, May 13th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $29.86.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc increased its holdings in shares of Healthcare Trust Of America by 1.6% during the third quarter. Vanguard Group Inc now owns 29,456,045 shares of the real estate investment trust’s stock worth $785,594,000 after purchasing an additional 460,446 shares during the period. BlackRock Inc. increased its holdings in shares of Healthcare Trust Of America by 0.7% during the first quarter. BlackRock Inc. now owns 14,848,227 shares of the real estate investment trust’s stock worth $424,510,000 after purchasing an additional 99,352 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Healthcare Trust Of America by 11.0% during the first quarter. Principal Financial Group Inc. now owns 11,809,463 shares of the real estate investment trust’s stock worth $337,633,000 after purchasing an additional 1,174,744 shares during the period. FMR LLC increased its holdings in shares of Healthcare Trust Of America by 20.9% during the first quarter. FMR LLC now owns 9,802,745 shares of the real estate investment trust’s stock worth $280,261,000 after purchasing an additional 1,695,714 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Healthcare Trust Of America by 2.0% during the first quarter. JPMorgan Chase & Co. now owns 8,922,023 shares of the real estate investment trust’s stock worth $255,080,000 after purchasing an additional 171,474 shares during the period. 92.55% of the stock is currently owned by institutional investors.

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

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

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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