Healthcare Trust Of America Inc (NYSE:HTA) announced a quarterly dividend on Wednesday, May 6th, Wall Street Journal reports. Shareholders of record on Thursday, July 2nd will be given a dividend of 0.315 per share by the real estate investment trust on Thursday, July 9th. This represents a $1.26 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend is Wednesday, July 1st.
Healthcare Trust Of America has a payout ratio of 466.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Healthcare Trust Of America to earn $1.71 per share next year, which means the company should continue to be able to cover its $1.26 annual dividend with an expected future payout ratio of 73.7%.
Shares of NYSE:HTA opened at $26.10 on Tuesday. The stock has a market capitalization of $5.71 billion, a P/E ratio of 163.14 and a beta of 0.59. Healthcare Trust Of America has a 12-month low of $20.61 and a 12-month high of $34.22. The stock’s 50-day moving average price is $26.53 and its 200-day moving average price is $28.22.
Several analysts have commented on HTA shares. Citigroup lowered their price objective on shares of Healthcare Trust Of America from $34.00 to $25.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Morgan Stanley lowered their price objective on shares of Healthcare Trust Of America from $30.00 to $24.00 and set an “equal weight” rating for the company in a report on Thursday, March 26th. BMO Capital Markets restated a “buy” rating and issued a $38.00 price objective on shares of Healthcare Trust Of America in a report on Wednesday, May 6th. Wells Fargo & Co lowered their target price on shares of Healthcare Trust Of America from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, April 3rd. Finally, Zacks Investment Research lowered shares of Healthcare Trust Of America from a “hold” rating to a “sell” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $30.20.
In other news, CFO Robert A. Milligan acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of $23.75 per share, for a total transaction of $47,500.00. Following the acquisition, the chief financial officer now directly owns 170,212 shares in the company, valued at $4,042,535. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by insiders.
About Healthcare Trust Of America
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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