Healthcare Trust of America, Inc . HTA announced that it has completed the addition of Indianapolis, IN-based Duke Realty Corporation's DRE Healthcare development and construction platform. This development team boasts working relationships with established healthcare players and will be renamed as HTA-Development. This addition is likely to aid Healthcare Trust of America to efficiently provide real estate solutions to healthcare providers for the benefits of the tenants and the shareholders.
Scottsdale, AZ-based Healthcare Trust of America primarily focuses on medical office buildings, healthcare-related facilities and quality commercial office properties. The company has also appointed hugely experienced Keith Konkoli to the newly created position of Executive Vice President - Development. Konkoli will look after the HTA -Development's national development and construction activities. He will also lead a team of 15 experienced development and construction professionals who will join Healthcare Trust of America HTA from Duke Realty.
Shares of Healthcare Trust of America has underperformed the Zacks categorized REIT and Equity Trust - Other industry in the last three months. While the stock gained 6.5%, the industry grew 6.8%.
Currently, Healthcare Trust of America carries a Zacks Rank #3 (Hold).
Investors interested in the REIT space, may consider better-ranked stocks like DCT Industrial Trust Inc. DCT and PS Business Parks, Inc. PSB , each carrying a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
In the last 30 days, DCT Industrial Trust's funds from operations (FFO) per share for second-quarter 2017 remained unchanged at 59 cents.
In the last 30 days, PS Business Parks FFO per share for second-quarter 2017 moved up 2% to $1.53.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. All EPS numbers presented in this write up represent FFO per share .
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>