Zacks: Brokerages Expect Healthcare Trust Of America Inc (NYSE:HTA) Will Post Quarterly Sales of $183.44 Million

Equities research analysts expect that Healthcare Trust Of America Inc (NYSE:HTA) will post sales of $183.44 million for the current quarter, Zacks reports. Six analysts have issued estimates for Healthcare Trust Of America’s earnings. The lowest sales estimate is $179.90 million and the highest is $187.42 million. Healthcare Trust Of America posted sales of $175.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.8%. The business is expected to announce its next earnings report on Monday, October 26th.

According to Zacks, 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 forecast that the company will post sales of $756.34 million, with estimates ranging from $721.40 million to $775.70 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Healthcare Trust Of America.

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

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

NYSE HTA traded up $0.35 on Monday, hitting $26.35. 2,005,075 shares of the company were exchanged, 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 firm has a 50 day moving average of $25.93 and a two-hundred day moving average of $25.83. 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 company has a market cap of $5.68 billion, a P/E ratio of 185.71 and a beta of 0.54.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, October 2nd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, October 1st. This is a boost from Healthcare Trust Of America’s previous quarterly dividend of $0.32. This represents a $1.28 annualized dividend and a yield of 4.86%. Healthcare Trust Of America’s payout ratio is 76.83%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Healthcare Trust Of America by 91.0% in the first quarter. JPMorgan Chase & Co. now owns 4,758,249 shares of the real estate investment trust’s stock valued at $115,531,000 after acquiring an additional 2,267,638 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Healthcare Trust Of America by 59,733.2% during the first quarter. Canada Pension Plan Investment Board now owns 1,899,703 shares of the real estate investment trust’s stock valued at $46,125,000 after purchasing an additional 1,896,528 shares during the last quarter. FMR LLC grew its stake in Healthcare Trust Of America by 11.3% in the second quarter. FMR LLC now owns 14,187,830 shares of the real estate investment trust’s stock valued at $376,262,000 after purchasing an additional 1,439,572 shares in the last quarter. Nuveen Asset Management LLC grew its stake in Healthcare Trust Of America by 52.0% in the second quarter. Nuveen Asset Management LLC now owns 3,331,747 shares of the real estate investment trust’s stock valued at $88,357,000 after purchasing an additional 1,139,767 shares in the last quarter. Finally, Pictet Asset Management Ltd. increased its position in shares of Healthcare Trust Of America by 30.9% during the 1st quarter. Pictet Asset Management Ltd. now owns 4,552,648 shares of the real estate investment trust’s stock worth $110,538,000 after purchasing an additional 1,075,702 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

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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