Trade Report: Today, Girard Partners LTD. Buys New Position in Healthcare Trust of America Inc. (HTA)

Today, Girard Partners LTD. Buys New Position in Healthcare Trust of America Inc. (HTA)

Girard Partners LTD. purchased a new position in shares of Healthcare Trust of America Inc. (NYSE:HTA) during the third quarter, Holdings Channel reports. The fund purchased 7,037 shares of the real estate investment trust’s stock, valued at approximately $230,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Healthcare Trust of America by 1.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 96,780 shares of the real estate investment trust’s stock worth $3,157,000 after buying an additional 1,344 shares in the last quarter. Duff & Phelps Investment Management Co. raised its position in Healthcare Trust of America by 140.3% in the second quarter. Duff & Phelps Investment Management Co. now owns 1,610,725 shares of the real estate investment trust’s stock worth $52,091,000 after buying an additional 940,402 shares in the last quarter. Rainier Investment Management LLC raised its position in Healthcare Trust of America by 59.6% in the second quarter. Rainier Investment Management LLC now owns 367,770 shares of the real estate investment trust’s stock worth $11,895,000 after buying an additional 137,400 shares in the last quarter. Renaissance Technologies LLC raised its position in Healthcare Trust of America by 288.7% in the first quarter. Renaissance Technologies LLC now owns 611,472 shares of the real estate investment trust’s stock worth $17,990,000 after buying an additional 454,172 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in Healthcare Trust of America by 1.8% in the second quarter. Daiwa Securities Group Inc. now owns 7,430,265 shares of the real estate investment trust’s stock worth $240,295,000 after buying an additional 133,463 shares in the last quarter. Hedge funds and other institutional investors own 84.95% of the company’s stock.

Shares of Healthcare Trust of America Inc. (NYSE:HTA) traded up 0.63% during midday trading on Friday, hitting $28.63. 357,057 shares of the company traded hands. The stock has a 50 day moving average of $29.85 and a 200-day moving average of $31.62. Healthcare Trust of America Inc. has a 52 week low of $25.60 and a 52 week high of $34.64. The stock has a market capitalization of $4.06 billion, a PE ratio of 99.07 and a beta of 0.32.

Healthcare Trust of America (NYSE:HTA) last issued its quarterly earnings results on Tuesday, October 25th. The real estate investment trust reported $0.40 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.40. The company had revenue of $118.34 million for the quarter, compared to the consensus estimate of $115.32 million. Healthcare Trust of America had a net margin of 9.01% and a return on equity of 2.58%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. Equities analysts forecast that Healthcare Trust of America Inc. will post $1.61 earnings per share for the current fiscal year.

A number of research firms recently commented on HTA. Raymond James Financial Inc. raised shares of Healthcare Trust of America from a “market perform” rating to an “outperform” rating and set a $33.00 price target on the stock in a research report on Monday, November 7th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Healthcare Trust of America from a “sell” rating to a “hold” rating in a research report on Friday, September 9th. BTIG Research began coverage on shares of Healthcare Trust of America in a research report on Thursday, August 25th. They set a “buy” rating and a $37.00 price target on the stock. Mizuho lowered their price target on shares of Healthcare Trust of America from $34.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday, August 8th. Finally, Wunderlich raised their price target on shares of Healthcare Trust of America from $28.50 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Healthcare Trust of America currently has an average rating of “Buy” and a consensus target price of $31.50.

In other Healthcare Trust of America news, Director Warren D. Fix acquired 3,725 shares of the company’s stock in a transaction on Thursday, November 10th. The shares were acquired at an average cost of $26.73 per share, with a total value of $99,569.25. Following the completion of the acquisition, the director now directly owns 53,425 shares in the company, valued at $1,428,050.25. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is currently owned by corporate insiders.

About Healthcare Trust of America

Healthcare Trust of America, Inc (HTA) operates as a real estate investment trust (REIT). The Company operates through investing in healthcare real estate assets segment. The primary objective is to generate stockholder value through consistent and growing dividends and appreciation of real estate value.

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