Healthcare Trust Of America Inc (NYSE:HTA) Expected to Announce Quarterly Sales of $183.44 Million

Wall Street brokerages forecast that Healthcare Trust Of America Inc (NYSE:HTA) will announce sales of $183.44 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Healthcare Trust Of America’s earnings, with estimates ranging from $179.90 million to $187.42 million. Healthcare Trust Of America posted sales of $175.00 million in the same quarter last year, which suggests a positive year over year growth rate of 4.8%. The business is expected to report its next earnings results on Monday, October 26th.

On average, analysts expect that Healthcare Trust Of America will report full-year sales of $731.04 million for the current financial year, with estimates ranging from $724.60 million to $735.91 million. For the next financial year, analysts expect that the firm will post sales of $756.34 million, with estimates ranging from $721.40 million to $775.70 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Healthcare Trust Of America.

Healthcare Trust Of America (NYSE:HTA) last announced its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.35). The firm had revenue of $178.85 million for the quarter, compared to analyst estimates of $185.45 million. Healthcare Trust Of America had a return on equity of 1.60% and a net margin of 4.45%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 EPS.

A number of research firms have recently weighed in on HTA. Raymond James upgraded Healthcare Trust Of America from a “market perform” rating to an “outperform” rating and set a $29.00 price target for the company in a report on Monday, August 31st. Zacks Investment Research lowered shares of Healthcare Trust Of America from a “hold” rating to a “sell” rating in a research note on Thursday, June 25th. Citigroup boosted their price target on shares of Healthcare Trust Of America from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $32.00 price objective on shares of Healthcare Trust Of America in a research report on Tuesday, September 1st. Finally, ValuEngine downgraded shares of Healthcare Trust Of America from a “hold” rating to a “sell” rating in a report on Thursday, July 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $30.00.

A number of hedge funds and other institutional investors have recently modified their holdings of HTA. Invesco Ltd. raised its position in Healthcare Trust Of America by 9.4% in the 1st quarter. Invesco Ltd. now owns 816,160 shares of the real estate investment trust’s stock valued at $19,817,000 after purchasing an additional 70,017 shares in the last quarter. APG Asset Management N.V. purchased a new stake in shares of Healthcare Trust Of America during the first quarter worth approximately $1,649,000. Guggenheim Capital LLC raised its holdings in Healthcare Trust Of America by 55.8% in the first quarter. Guggenheim Capital LLC now owns 216,330 shares of the real estate investment trust’s stock valued at $5,252,000 after acquiring an additional 77,500 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Healthcare Trust Of America by 19.9% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 63,505 shares of the real estate investment trust’s stock valued at $1,684,000 after acquiring an additional 10,555 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Healthcare Trust Of America by 4.2% in the second quarter. Thrivent Financial for Lutherans now owns 283,213 shares of the real estate investment trust’s stock worth $7,510,000 after acquiring an additional 11,300 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Healthcare Trust Of America stock traded up $0.35 during mid-day trading on Monday, hitting $26.35. The company’s stock had a trading volume of 2,005,075 shares, compared to its average volume of 1,927,684. Healthcare Trust Of America has a 1 year low of $20.61 and a 1 year high of $34.22. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $5.68 billion, a PE ratio of 185.71 and a beta of 0.54. The stock’s fifty day moving average is $25.93 and its two-hundred day moving average is $25.83.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, October 2nd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This is a positive change from Healthcare Trust Of America’s previous quarterly dividend of $0.32. This represents a $1.28 dividend on an annualized basis and a yield of 4.86%. Healthcare Trust Of America’s dividend payout ratio (DPR) is 76.83%.

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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Earnings History and Estimates for Healthcare Trust Of America (NYSE:HTA)

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