Healthcare Trust Of America Inc (HTA) is Reiterated by Wunderlich to Hold, Raises Price Target to $ 31

Healthcare Trust Of America Inc (HTA) was Reiterated by Wunderlich to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 31 from a previous price target of $28.50 . Wunderlich advised their investors in a research report released on Aug 3, 2016.

On the company’s financial health, Healthcare Trust Of America Inc reported $0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus of $0.41. The company had revenue of $113.20 million for the quarter, compared to analysts expectations of $108.48 million. The company’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Healthcare Trust Of America Inc closed down -0.59 points or -1.72% at $33.79 with 11,13,975 shares getting traded on Tusday. Post opening the session at $34.38, the shares hit an intraday low of $33.53 and an intraday high of $34.51 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 3, 2016, Scott D Peters (Chief Executive Officer) sold 50,000 shares at $30.26 per share price. According to the SEC, on Sep 15, 2015, W Bradley Ii Blair (director) purchased 4,000 shares at $22.67 per share price.

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 HTALP’s 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 HTALP’s 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.

Healthcare Trust Of America Inc

Leave a Reply

Healthcare Trust Of America Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Healthcare Trust Of America Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.