Healthcare Trust of America (HTA) : Traders are bullish on Healthcare Trust of America (HTA) as it has outperformed the S&P 500 by a wide margin of 1.38% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.81%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.86% in the last 1 week, and is up 2.42% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.57% and the 50-Day Moving Average is 3.6%. Healthcare Trust of America (NYSE:HTA): stock turned positive on Friday. Though the stock opened at $33.31, the bulls momentum made the stock top out at $33.71 level for the day. The stock recorded a low of $33.31 and closed the trading day at $33.38, in the green by 0.27%. The total traded volume for the day was 518,487. The stock had closed at $33.29 in the previous days trading.
The company Insiders own 1.6% of Healthcare Trust of America shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -11.01% . Institutional Investors own 82.61% of Healthcare Trust of America shares. During last six month period, the net percent change held by insiders has seen a change of -11.01%. Also, In a research note released to the investors, Oppenheimer maintains its rating on Healthcare Trust of America (NYSE:HTA).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Oppenheimer raises the new price target from $37 per share to $38 per share. The rating by the firm was issued on August 2, 2016.
Healthcare Trust of America, Inc. (HTA) operates as a real estate investment trust (REIT). HTA does not conduct business itself, other than acting as the sole general partner of Healthcare Trust of America Holdings, LP (HTALP). As of December 31, 2014, HTA owned a 98.5% partnership interest in HTALP. HTA owns and operates medical office buildings (MOBs) in the United States and is focused on building and maintaining a portfolio comprised of MOBs that offer healthcare services. As of December 31, 2014, HTALPs portfolio consisted of approximately 14.8 million square feet of gross leasable area (GLA), with a leased rate of 92.0%. As of December 31, 2014, 96% of HTALPs portfolio based on GLA, are primarily located on the campuses of, or aligned with, nationally and regionally recognized healthcare systems in the United States. These include health systems, such as Hospital Corporation of America, Highmark, Greenville Hospital System, and Indiana University Health, among others.