Healthcare Trust of America, Inc. (NYSE:HTA) announced a quarterly dividend on Friday, December 4th, Zacks reports. Stockholders of record on Tuesday, January 5th will be paid a dividend of 0.32 per share by the real estate investment trust on Tuesday, January 12th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date is Monday, January 4th.
Healthcare Trust of America has increased its dividend payment by 5.0% over the last three years and has increased its dividend every year for the last 1 years. Healthcare Trust of America has a dividend payout ratio of 533.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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 $1.28 annual dividend with an expected future payout ratio of 74.9%.
Shares of NYSE:HTA opened at $27.54 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.92. Healthcare Trust of America has a twelve month low of $20.61 and a twelve month high of $34.22. The company’s 50 day moving average is $26.85 and its 200 day moving average is $26.39. The company has a market cap of $6.02 billion, a PE ratio of 183.60 and a beta of 0.56.
HTA has been the topic of several recent research reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded Healthcare Trust of America from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $28.00 to $29.00 in a research report on Tuesday, December 15th. BidaskClub upgraded Healthcare Trust of America from a “sell” rating to a “hold” rating in a research report on Wednesday, December 16th. Smith Barney Citigroup upgraded Healthcare Trust of America from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 15th. Finally, JPMorgan Chase & Co. lowered 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 report on Monday, December 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $29.60.
In other news, EVP Amanda Houghton sold 32,507 shares of the firm’s stock in a transaction on Friday, November 13th. The stock was sold at an average price of $27.80, for a total value of $903,694.60. Following the completion of the sale, the executive vice president now owns 91,244 shares of the company’s stock, valued at $2,536,583.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.
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 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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