Los Angeles Capital Management & Equity Research Inc. decreased its stake in Healthcare Trust of America Inc. (NYSE:HTA) by 21.4% during the second quarter, Holdings Channel reports. The fund owned 21,300 shares of the real estate investment trust’s stock after selling 5,800 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Healthcare Trust of America were worth $689,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp increased its position in shares of Healthcare Trust of America by 3.0% in the first quarter. State Street Corp now owns 2,196,239 shares of the real estate investment trust’s stock valued at $64,612,000 after buying an additional 63,274 shares during the last quarter. Aperio Group LLC increased its position in shares of Healthcare Trust of America by 35.1% in the first quarter. Aperio Group LLC now owns 13,531 shares of the real estate investment trust’s stock valued at $398,000 after buying an additional 3,518 shares during the last quarter. Duff & Phelps Investment Management Co. acquired a new position in shares of Healthcare Trust of America during the first quarter valued at $19,721,000. Renaissance Technologies LLC increased its position in shares of Healthcare Trust of America by 288.7% in the first quarter. Renaissance Technologies LLC now owns 611,472 shares of the real estate investment trust’s stock valued at $17,990,000 after buying an additional 454,172 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Healthcare Trust of America by 18.2% in the first quarter. BlackRock Inc. now owns 134,372 shares of the real estate investment trust’s stock valued at $3,954,000 after buying an additional 20,678 shares during the last quarter. 84.57% of the stock is owned by institutional investors and hedge funds.

Healthcare Trust of America Inc. (NYSE:HTA) traded up 1.96% during trading on Wednesday, hitting $33.28. The stock had a trading volume of 496,433 shares. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 110.56 and a beta of 0.27. The stock’s 50-day moving average is $33.10 and its 200 day moving average is $31.11. Healthcare Trust of America Inc. has a one year low of $23.83 and a one year high of $34.64.

Healthcare Trust of America (NYSE:HTA) last posted its earnings results on Monday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.01. The firm had revenue of $113 million for the quarter, compared to analysts’ expectations of $108.61 million. Healthcare Trust of America had a return on equity of 2.73% and a net margin of 9.32%. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Equities analysts anticipate that Healthcare Trust of America Inc. will post $1.62 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Monday, October 3rd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.68%. This is an increase from Healthcare Trust of America’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, September 29th. Healthcare Trust of America’s payout ratio is presently 393.33%.

Several research firms recently commented on HTA. Zacks Investment Research downgraded Healthcare Trust of America from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Mizuho reduced their price objective on Healthcare Trust of America from $34.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, August 8th. BTIG Research began coverage on Healthcare Trust of America in a research note on Thursday, August 25th. They issued a “buy” rating and a $37.00 price objective for the company. Wunderlich increased their price objective on Healthcare Trust of America from $28.50 to $31.00 and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Finally, Oppenheimer Holdings Inc. increased their price objective on Healthcare Trust of America from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Tuesday, August 2nd. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $31.10.

About Healthcare Trust of America

Healthcare Trust of America, Inc (HTA) operates as a real estate investment trust (REIT). The Company operates through investing in healthcare real estate assets segment. The primary objective is to generate stockholder value through consistent and growing dividends and appreciation of real estate value.

5 Day Chart for NYSE:HTA

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