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by InsideTrade Staff on December 17, 2014

What Stock Split is Going to do for Healthcare Trust Of America Inc. (NYSE:HTA)?

Healthcare Trust Of America Inc. (NYSE:HTA) announced the completion of its previously announced 1-for-2 reverse stock split of its common stock.  Every two issued and outstanding shares of common stock have been converted into one share of common stock, effective as of December 15, 2014 and prior to the opening of trading of HTAs common stock on December 16, 2014.  As previously announced, stockholders will receive cash in lieu of fractional shares. In addition, the common stock has been assigned a new CUSIP number: 42225P 501.

Concurrently with the reverse stock split, HTAs operating partnership subsidiary, Healthcare Trust of America Holdings, LP, effected a corresponding 1-for-2 reverse split of its outstanding units of limited partnership interest.  Fractional units were redeemed in connection with this reverse unit split.

With the reverse stock split completed HTAs previously announced fourth quarter dividend to be paid on January 6, 2015 has been adjusted to $0.29 per share (reflecting an increase of two times the previously announced dividend of $0.145 per share to reflect the reverse stock split). The amount of any future dividends payable by HTA will be determined at the discretion of HTAs Board of Directors.

Healthcare Equity Analysis

Healthcare Trust Of America Inc. (NYSE:HTA) opened trading today as $25.44 and is trading in the range of 24.68-25.47 today. Healthcare’s current market cap stands at $6.07 billion.

Healthcare is currently covered by 9 Wall Street analysts. The mean target price is $12.80 according to First Call. This presents a solid upside to the current price of the equity. The Mean Recommendation sits at 2.8 which is based on 2 Strong Buy and 7 Hold ratings.

The most recent analyst actions consisted of Wunderlich downgrading the stock on October 30th.

The current quarter EPS consensus estimate is .19 with revenue estimates of 96.29M. Sales are expected to grow at a 16.00% rate. Healthcare reported actual earnings last quarter of 0.19 which beats the .18 consensus estimate, a 5.60% surprise.

Corporate Profile

Healthcare Trust of America, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It is engaged in acquiring, owning and operating high-quality medical office buildings that are located on the campuses of nationally recognized healthcare system in major U.S. metropolitan areas. The firm was formerly known as Grubb & Ellis Healthcare REIT, Inc. Healthcare Trust of America, Inc was founded on April 20, 2006 and is based in Scottsdale, Arizona.

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