Healthcare Trust of America (NYSE:HTA) Announces Earnings Results
Healthcare Trust of America (NYSE:HTA) announced its quarterly earnings data on Sunday. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.30), MarketWatch Earnings reports. The business had revenue of $187.02 million during the quarter, compared to analysts’ expectations of $187.10 million. Healthcare Trust of America had a return on equity of 1.84% and a net margin of 4.67%. Healthcare Trust of America’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 EPS.
NYSE HTA traded up $0.72 during trading on Tuesday, reaching $28.44. 1,352,043 shares of the company’s stock traded hands, compared to its average volume of 1,725,192. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 184.80 and a beta of 0.58. The company’s 50 day simple moving average is $28.18 and its two-hundred day simple moving average is $26.75. Healthcare Trust of America has a 12-month low of $20.61 and a 12-month high of $34.22.
A number of brokerages have weighed in on HTA. Scotiabank began coverage on shares of Healthcare Trust of America in a report on Thursday, January 28th. They issued a “sector perform” rating and a $30.00 price objective on the stock. Capital One Financial cut shares of Healthcare Trust of America from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 20th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded shares of Healthcare Trust of America from a “neutral” rating to a “buy” rating and upped their target price for the stock from $28.00 to $29.00 in a research note on Tuesday, December 15th. JPMorgan Chase & Co. downgraded shares of Healthcare Trust of America from an “overweight” rating to a “neutral” rating and set a $29.00 target price on the stock. in a research note on Monday, December 21st. Finally, Smith Barney Citigroup upgraded shares of Healthcare Trust of America from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 15th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Healthcare Trust of America currently has a consensus rating of “Buy” and an average target price of $29.92.
Healthcare Trust of America, Inc (NYSE: HTA) is the largest dedicated owner and operator of MOBs in the United States, comprising approximately 25.1 million square feet of GLA, with $7.4 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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