Growing Through Challenges? – Healthcare Trust of America Inc. (HTA)

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BlackRock Fund Advisors recently announced the acquisition of new stake in Healthcare Trust of America Inc. (NYSE:HTA). The institutional investor has increased its shareholding in the Real Estate company by 4.69% to 12.01 million shares with purchase of 0.54 million shares. This fresh investment now brings its stake to 5.50% valued currently at $318.55 million. In addition, Fidelity Management & Research Co. raised its holdings by 0.11 million to 11.11 million shares. And SSgA Funds Management, Inc. has lifted its position by 3.65% or 0.2 million shares – to 5.78 million shares.

With over 1.28 million Healthcare Trust of America Inc. (HTA) shares trading Friday and a closing price of $26.86 on the day, the dollar volume was approximately $34.36 million. The shares have shown a positive weekly performance of 3.59% and its price on 07/24/20 gained nearly 0.67%. Currently, there are 218.48M common shares owned by the public and among those 217.38M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 12 analysts who have offered their price forecasts for HTA have a consensus price objective of $29.40. The analysts have set the share’s price value over the next 12 months at a high of $35.00 and a low of $28.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Healthcare Trust of America Inc. stock is 2.20 for the next 12 months. The average price target is 7.38% above its last price level and an upside to the estimated low will see the stock gain 4.07% over that period. But an upside of 23.26% will see the stock hit the forecast high price target while mean target price for the stock is $28.00.

Insiders at the company have transacted a total of 25 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 201,568 shares. Insider sales of the common stock occurred on 8 occasions, with total insider shares sold totaling 323,307 shares.

The top 3 mutual fund holders in Healthcare Trust of America Inc. are Stichting Pensioenfonds ABP (Glob, Vanguard Real Estate Index Fund, and Victory Sycamore Established Valu. Stichting Pensioenfonds ABP (Glob owns 9.93 million shares of the company’s stock, all valued at over $263.47 million. The company bought an additional 4.41 million shares recently to bring their total holdings to about 4.55% of the shares outstanding. Vanguard Real Estate Index Fund bought 77630.0 shares to see its total holdings expand to 9.72 million shares valued at over $257.71 million and representing 4.45% of the shares outstanding. Victory Sycamore Established Valu now owns shares totaling to 2.89% of the shares outstanding.

Shares of Healthcare Trust of America Inc. (NYSE: HTA) opened at $26.81, up $0.13 from a prior closing price of $26.68. However, the script later closed the day at $26.86, up 0.67%. The company’s stock has a 5-day price change of 3.59% and 13.96% over the past three months. HTA shares are trading -11.29% year to date (YTD), with the 12-month market performance up to 0.15% higher. It has a 12-month low price of $20.61 and touched a high of $34.22 over the same period. Currently, 1.28 million shares have been traded, compared to an average intraday trading volume of 2.17 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.31%, 0.81%, and -5.25% respectively.

Institutional ownership of Healthcare Trust of America Inc. (NYSE: HTA) shares accounts for 96.80% of the company’s 218.48M shares outstanding. Mutual fund holders own 39.33%, while other institutional holders and individual stakeholders account for 61.05% and 0.51% respectively.

It has a market capitalization of $5.90B and a beta (3y monthly) value of 0.57. The stock’s trailing 12-month PE ratio is 167.88, while the earnings-per-share (ttm) stands at $0.16. The company has a debt-to-equity ratio at 0.89. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.77% over the week and 2.70% over the month.

Analysts forecast that Healthcare Trust of America Inc. (HTA) will achieve an EPS of $0.05 for the current quarter, $0.08 for the next quarter and $0.32 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.02 while analysts give the company a high EPS estimate of $0.08. Comparatively, EPS for the current quarter was $0.08 a year ago. Earnings per share for the fiscal year are expected to decrease by -85.80%, and 17.88% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 12 brokerage firm advisors rate Healthcare Trust of America Inc. (HTA) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 3 of the 12 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the HTA, a number of firms have released research notes about the stock. BTIG Research stated their Neutral rating for the stock in a research note on March 16, 2020, with the firm’s price target at. BMO Capital Markets coverage for the Healthcare Trust of America Inc. (HTA) stock in a research note released on January 07, 2020 offered a Outperform rating with a price target of $35. Mizuho was of a view on December 20, 2019 that the stock is Buy, while JP Morgan gave the stock Overweight rating on December 18, 2019, issuing a price target of $31- $32. Stifel on their part issued Buy rating on November 26, 2019.

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