Healthcare Trust Of America (HTA) Releases Quarterly Earnings Results, Hits Expectations

Healthcare Trust Of America (NYSE:HTA) posted its earnings results on Thursday. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41, reports. The company had revenue of $175.14 million for the quarter, compared to analysts’ expectations of $174.85 million. Healthcare Trust Of America had a return on equity of 7.36% and a net margin of 34.48%.

Healthcare Trust Of America stock traded down $0.64 during trading hours on Wednesday, hitting $26.11. 201,917 shares of the stock traded hands, compared to its average volume of 1,619,216. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 4.02 and a beta of 0.22. Healthcare Trust Of America has a one year low of $24.06 and a one year high of $31.69.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 9th. Shareholders of record on Wednesday, January 2nd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $1.24 annualized dividend and a yield of 4.75%. Healthcare Trust Of America’s payout ratio is 76.07%.

Several analysts recently issued reports on HTA shares. JPMorgan Chase & Co. raised their target price on Healthcare Trust Of America from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a $34.00 price objective on shares of Healthcare Trust Of America in a research report on Monday, August 13th. Zacks Investment Research raised Healthcare Trust Of America from a “sell” rating to a “hold” rating in a research report on Monday, September 3rd. Morgan Stanley cut Healthcare Trust Of America from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $27.00 to $26.00 in a research report on Thursday, August 16th. Finally, ValuEngine cut Healthcare Trust Of America from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.40.

Healthcare Trust Of America Company Profile

Healthcare Trust of America, Inc (NYSE: HTA) is the largest dedicated owner and operator of medical office buildings in the United States, comprising over 24.2 million square feet of GLA, with over $7.0 billion invested primarily in medical office buildings. HTA provides real estate infrastructure for the integrated delivery of healthcare services in highly-desirable locations.

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

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