Could Healthcare Trust of America, Inc. (HTA) Recover After Forming a Multiple Bottom Pattern?

April 17, 2018 - By Bradley Stiles

Healthcare Trust of America, Inc. (NYSE:HTA) Logo

The stock of Healthcare Trust of America, Inc. (HTA) shows a multiple bottoms pattern with $23.76 target or 7.00 % below today’s $25.55 share price. The 6 months chart pattern indicates high risk for the $5.34 billion company. It was reported on Apr, 17 by Finviz.com. If the $23.76 price target is reached, the company will be worth $374.01 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 0.38% or $0.0962 during the last trading session, reaching $25.5462. About 509,320 shares traded. Healthcare Trust of America, Inc. (NYSE:HTA) has declined 18.06% since April 17, 2017 and is downtrending. It has underperformed by 29.61% the S&P500.

Analysts await Healthcare Trust of America, Inc. (NYSE:HTA) to report earnings on April, 25. They expect $0.42 EPS, up 2.44 % or $0.01 from last year’s $0.41 per share. HTA’s profit will be $87.84 million for 15.21 P/E if the $0.42 EPS becomes a reality. After $0.42 actual EPS reported by Healthcare Trust of America, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Healthcare Trust of America, Inc. (NYSE:HTA) Ratings Coverage

Among 6 analysts covering Healthcare Trust (NYSE:HTA), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Healthcare Trust has $36.0 highest and $30 lowest target. $31.67’s average target is 23.97% above currents $25.5462 stock price. Healthcare Trust had 12 analyst reports since October 23, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, February 15 by Jefferies. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, February 15. BMO Capital Markets maintained the stock with “Buy” rating in Monday, March 26 report. The company was maintained on Tuesday, March 20 by Morgan Stanley. On Tuesday, October 24 the stock rating was maintained by BMO Capital Markets with “Buy”. The stock of Healthcare Trust of America, Inc. (NYSE:HTA) earned “Buy” rating by Stifel Nicolaus on Wednesday, October 25. SunTrust maintained Healthcare Trust of America, Inc. (NYSE:HTA) on Tuesday, October 24 with “Buy” rating. The rating was maintained by Jefferies on Monday, October 23 with “Buy”. The stock of Healthcare Trust of America, Inc. (NYSE:HTA) has “Neutral” rating given on Tuesday, February 20 by Mizuho. BMO Capital Markets maintained the shares of HTA in report on Tuesday, January 9 with “Buy” rating.

Healthcare Trust of America, Inc. (NYSE:HTA) Ratings Chart

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