DB:HT01

Stock Analysis Report

Healthcare Trust of America

Executive Summary

Healthcare Trust of America, Inc. (NYSE: HTA) is the largest dedicated owner and operator of MOBs in the United States, comprising approximately 23.3 million square feet of GLA, with $6.9 billion invested primarily in MOBs.

Snowflake

Fundamentals

Average dividend payer with acceptable track record.


Similar Companies

Share Price & News

How has Healthcare Trust of America's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.1%

HT01

1.0%

DE REITs

1.7%

DE Market


1 Year Return

21.2%

HT01

29.6%

DE REITs

7.2%

DE Market

Return vs Industry: HT01 underperformed the German REITs industry which returned 29.6% over the past year.

Return vs Market: HT01 exceeded the German Market which returned 7.2% over the past year.


Shareholder returns

HT01IndustryMarket
7 Day3.1%1.0%1.7%
30 Day5.2%4.6%2.4%
90 Day11.8%10.6%2.3%
1 Year26.9%21.2%34.2%29.6%10.6%7.2%
3 Year6.0%-7.1%31.2%12.7%18.4%8.1%
5 Year68.7%35.7%57.9%23.4%42.3%22.9%

Price Volatility Vs. Market

How volatile is Healthcare Trust of America's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Healthcare Trust of America undervalued compared to its fair value and its price relative to the market?

22.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HT01 (€27) is trading below our estimate of fair value (€34.94)

Significantly Below Fair Value: HT01 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: HT01 is poor value based on its PE Ratio (28.7x) compared to the REITs industry average (8.1x).

PE vs Market: HT01 is poor value based on its PE Ratio (28.7x) compared to the German market (19x).


Price to Earnings Growth Ratio

PEG Ratio: HT01's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: HT01 is overvalued based on its PB Ratio (2x) compared to the DE REITs industry average (1.6x).


Next Steps

Future Growth

How is Healthcare Trust of America forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

-0.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HT01's earnings are forecast to decline over the next 3 years (-0.6% per year).

Earnings vs Market: HT01's earnings are forecast to decline over the next 3 years (-0.6% per year).

High Growth Earnings: HT01's earnings are forecast to decline over the next 3 years.

Revenue vs Market: HT01's revenue (5.2% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: HT01's revenue (5.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HT01's Return on Equity is forecast to be low in 3 years time (2.6%).


Next Steps

Past Performance

How has Healthcare Trust of America performed over the past 5 years?

45.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: HT01's earnings have grown significantly by 45.1% per year over the past 5 years.

Accelerating Growth: HT01's earnings growth over the past year (167.7%) exceeds its 5-year average (45.1% per year).

Earnings vs Industry: HT01 earnings growth over the past year (167.7%) exceeded the REITs industry 103.4%.


Return on Equity

High ROE: HT01's Return on Equity (6.9%) is considered low.


Return on Assets

ROA vs Industry: HT01's Return on Assets is below or equal to the REITs industry average last year.


Return on Capital Employed

ROCE Improving: HT01's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Healthcare Trust of America's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: HT01 has a high level of physical assets or inventory.

Debt Coverage by Assets: HT01's debt is not covered by short term assets (assets are 0.1x debt).


Financial Institutions Analysis

Asset Level: HT01's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if HT01 has a sufficient allowance for bad loans.

Low Risk Liabilities: HT01 reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if HT01 has an acceptable proportion of non-loan assets held.

Low Risk Deposits: HT01 has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if HT01 has an appropriate level of bad loans.


Next Steps

Dividend

What is Healthcare Trust of America's current dividend yield, its reliability and sustainability?

4.15%

Current Dividend Yield


Dividend Yield vs Market

company4.1%marketbottom25%1.5%markettop25%3.8%industryaverage3.0%forecastin3Years4.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: HT01's dividend (4.15%) is higher than the bottom 25% of dividend payers in the German market (1.48%).

High Dividend: HT01's dividend (4.15%) is in the top 25% of dividend payers in the German market (3.83%)

Stable Dividend: Whilst dividend payments have been stable, HT01 has been paying a dividend for less than 10 years.

Growing Dividend: HT01's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (76.3%), HT01's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HT01's dividends in 3 years are forecast to be thoroughly covered by earnings (0.3% payout ratio).


Next Steps

Management

What is the CEO of Healthcare Trust of America's salary, the management and board of directors tenure and is there insider trading?

3.4yrs

Average management tenure


CEO

Scott Peters (61yo)

13.5yrs

Tenure

US$6,871,367

Compensation

Mr. Scott D. Peters has been the Chief Executive Officer at Healthcare Trust of America, Inc., General Partner of Healthcare Trust of America Holdings, LP since April 2006, President since June 2007 and th ...


CEO Compensation Analysis

Compensation vs. Market: Scott's total compensation ($USD6.87M) is about average for companies of similar size in the German market ($USD3.65M).

Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.4yrs

Average Tenure

38yo

Average Age

Experienced Management: HT01's management team is considered experienced (3.4 years average tenure).


Board Age and Tenure

12.5yrs

Average Tenure

75yo

Average Age

Experienced Board: HT01's board of directors are seasoned and experienced ( 12.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$21,77703 Jan 19
Vicki Booth
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$21.78

Ownership Breakdown


Management Team

  • Scott Peters (61yo)

    Founder

    • Tenure: 13.5yrs
    • Compensation: US$6.87m
  • Amanda Houghton (37yo)

    Executive Vice President of Asset Management

    • Tenure: 7.8yrs
    • Compensation: US$1.75m
  • Caroline Chiodo

    Senior Vice President of Finance

    • Tenure: 1.8yrs
  • Jaime Northam

    Senior Vice President of Leasing

    • Tenure: 5.1yrs
  • K. Atkinson

    Senior Vice President of Acquisitions

    • Tenure: 3.4yrs
  • Robert Milligan (38yo)

    CFO, Secretary & Treasurer

    • Tenure: 5.1yrs
    • Compensation: US$2.30m
  • Judith Romero

    Vice President of Operations

    • Tenure: 0yrs
  • Todd Sloan

    Senior Vice President of Leasing & Acquisitions (East Coast)

    • Tenure: 2.5yrs
  • David Gershenson

    Chief Accounting Officer

    • Tenure: 2.3yrs
  • David Chung

    Corporate Senior Vice President for Development

    • Tenure: 0.6yrs

Board Members

  • Warren Fix (81yo)

    Independent Director

    • Tenure: 13.1yrs
    • Compensation: US$186.00k
  • Brad Blair (75yo)

    Lead Independent Director

    • Tenure: 4.8yrs
    • Compensation: US$224.00k
  • Scott Peters (61yo)

    Founder

    • Tenure: 13.5yrs
    • Compensation: US$6.87m
  • Maury DeWald (79yo)

    Independent Director

    • Tenure: 13.1yrs
    • Compensation: US$172.50k
  • Larry Mathis (75yo)

    Independent Director

    • Tenure: 12.5yrs
    • Compensation: US$168.00k
  • Dan Henson (58yo)

    Independent Director

    • Tenure: 3.5yrs
    • Compensation: US$180.00k
  • Gary Wescombe (76yo)

    Independent Director

    • Tenure: 13yrs
    • Compensation: US$188.00k
  • Peter Foss (75yo)

    Independent Director

    • Tenure: 4.5yrs
    • Compensation: US$189.00k
  • Vicki Booth (56yo)

    Independent Director

    • Tenure: 1.6yrs
    • Compensation: US$208.35k

Company Information

Healthcare Trust of America, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Healthcare Trust of America, Inc.
  • Ticker: HT01
  • Exchange: DB
  • Founded: 2006
  • Industry: Health Care REITs
  • Sector: Real Estate
  • Implied Market Cap: US$6.392b
  • Market Cap: US$5.628b
  • Listing Market Cap: US$5.737b
  • Shares outstanding: 209.16m
  • Website: https://www.htareit.com

Number of Employees


Location

  • Healthcare Trust of America, Inc.
  • 16435 North Scottsdale Road
  • Suite 320
  • Scottsdale
  • Arizona
  • 85254
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HTANYSE (New York Stock Exchange)YesClass A Common StockUSUSDJun 2012
HT01DB (Deutsche Boerse AG)YesClass A Common StockDEEURJun 2012

Biography

Healthcare Trust of America, Inc. (NYSE: HTA) is the largest dedicated owner and operator of MOBs in the United States, comprising approximately 23.3 million square feet of GLA, with $6.9 billion invested  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 21:18
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.