Healthcare Trust of America (NYSE:HTA) Sees Strong Trading Volume

Healthcare Trust of America, Inc. (NYSE:HTAGet Rating) saw an uptick in trading volume on Thursday . 418,058 shares were traded during mid-day trading, a decline of 89% from the previous session’s volume of 3,876,542 shares.The stock last traded at $27.13 and had previously closed at $27.74.

Several research firms have recently commented on HTA. Berenberg Bank raised shares of Healthcare Trust of America from a “hold” rating to a “buy” rating and dropped their price objective for the company from $37.00 to $34.00 in a report on Tuesday, May 10th. StockNews.com cut shares of Healthcare Trust of America from a “hold” rating to a “sell” rating in a research note on Thursday, June 9th. Finally, Stifel Nicolaus cut shares of Healthcare Trust of America from a “buy” rating to a “hold” rating in a research note on Monday, February 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Healthcare Trust of America presently has an average rating of “Hold” and an average target price of $33.60.

The firm has a market cap of $6.29 billion, a PE ratio of 66.05 and a beta of 0.62. The stock’s fifty day moving average price is $29.96 and its 200-day moving average price is $31.35. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.20 and a quick ratio of 2.20.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Wednesday, July 6th will be issued a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date is Tuesday, July 5th. Healthcare Trust of America’s payout ratio is 309.52%.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new position in Healthcare Trust of America during the fourth quarter worth about $93,247,000. Cohen & Steers Inc. boosted its stake in Healthcare Trust of America by 11.6% during the first quarter. Cohen & Steers Inc. now owns 25,711,335 shares of the real estate investment trust’s stock worth $805,891,000 after buying an additional 2,680,187 shares during the period. Principal Financial Group Inc. boosted its stake in Healthcare Trust of America by 15.7% during the fourth quarter. Principal Financial Group Inc. now owns 13,516,686 shares of the real estate investment trust’s stock worth $450,442,000 after buying an additional 1,832,247 shares during the period. State Street Corp boosted its stake in Healthcare Trust of America by 15.6% during the first quarter. State Street Corp now owns 9,650,560 shares of the real estate investment trust’s stock worth $302,449,000 after buying an additional 1,301,005 shares during the period. Finally, Alpine Associates Management Inc. purchased a new position in Healthcare Trust of America during the first quarter worth about $37,467,000.

About Healthcare Trust of America (NYSE:HTA)

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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