New Lifetime High Reached: Healthcare Trust Of America (HTA)
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Healthcare Trust of America as such a stock due to the following factors:
- HTA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $26.5 million.
- HTA has traded 3,262 shares today.
- HTA is trading at a new lifetime high.
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More details on HTA:
Healthcare Trust of America is a fully integrated, self-administered and internally managed real estate investment trust, or REIT. The company acquires, owns and operates medical office buildings and other facilities that serve the healthcare industry. The stock currently has a dividend yield of 4%. HTA has a PE ratio of 103. Currently there are 5 analysts that rate Healthcare Trust of America a buy, no analysts rate it a sell, and 4 rate it a hold.
The average volume for Healthcare Trust of America has been 974,900 shares per day over the past 30 days. Healthcare Trust of America has a market cap of $4.1 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.18 and a short float of 1.8% with 1.93 days to cover. Shares are up 11.1% year-to-date as of the close of trading on Thursday.
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Analysis:
rates Healthcare Trust of America as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.
Highlights from the ratings report include:
- The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Real Estate Investment Trusts (REITs) industry average. The net income increased by 44.9% when compared to the same quarter one year prior, rising from $6.80 million to $9.86 million.
- Despite its growing revenue, the company underperformed as compared with the industry average of 11.1%. Since the same quarter one year prior, revenues slightly increased by 9.0%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- Net operating cash flow has slightly increased to $40.45 million or 8.75% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -22.93%.
- Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Looking ahead, the stock's rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that the other strengths this company displays justify these higher price levels.
- HEALTHCARE TRUST OF AMERICA reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, HEALTHCARE TRUST OF AMERICA reported lower earnings of $0.25 versus $0.37 in the prior year. This year, the market expects an improvement in earnings ($0.39 versus $0.25).
- You can view the full Healthcare Trust of America Ratings Report.
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