Stock under pressure: Healthcare Trust Of America Inc (NYSE: HTA)

Free $100 Forex No-Deposit Bonus

Healthcare Trust Of America Inc (NYSE: HTA) stock lost over 0.28% on Feb 15th, 2019 (As of 10:09 am GMT-5; Source: Google finance) as the company missed the analysts’ estimates the fourth quarter of FY 18. During the fourth quarter of FY 18, HTA generated $36.9 million of Cash NOI from its 2017 investments, including its investment in its unconsolidated joint venture. As of December 31, 2018, HTA’s run rate on its 2017 investments was approximately 5.4%, which included the full year impact of new leases which have been executed, but which have not yet commenced. During 2018, HTA paid down approximately $241 million in outstanding secured mortgage loans, including the settlement of three cash flow hedges. During 2018, HTA has paid down approximately $241 million in outstanding secured mortgage loans, including the settlement of three cash flow hedges.

HTA in the fourth quarter of FY 18 has reported the adjusted funds from operations of 40 cents, missing the analysts’ estimates for the adjusted funds from operations of 41 cents, as per Zacks Investment Research. The company had reported the adjusted revenue of $172.3 million in the fourth quarter of FY 18, missing the analysts’ estimates for revenue of $173 million. During the fourth quarter of 2018, HTA has delivered Net Income Attributable to Common Stockholders of $15.3 million & 2.7% rise in Same-Property Cash Net Operating Income (“NOI”) to $111.4 million.

Healthcare Trust of America expects full-year 2019 funds from operations to be in the range of $1.62 to $1.67 per share.

Meanwhile, HTA has declared a quarterly dividend of $0.310 per share of common stock.  This represents an annualized rate of $1.24 per share of common stock with an annualized yield of 4.4% based on HTA’s closing share price as of February 13, 2019.  The dividend will be paid on April 10, 2019 to stockholders of record on April 3, 2019. In 2018, HTA’s Board of Directors had approved a stock repurchase plan authorizing HTA to purchase up to $300.0 million of its outstanding common stock from time to time. During 2018, HTA had repurchased approximately 2.6 million shares of its outstanding common stock for an aggregate amount of $67.2 million under its stock repurchase plan. Subsequent to December 31, 2018, HTA repurchased approximately 346,000 shares of its outstanding common stock at an average price of $24.65 per share under its stock repurchase plan.

 

Copyright © 2019. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.