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HTA

Healthcare Trust of AmericaNYSE:HTA Stock Report

Market Cap

US$7.4b

7D

-0.4%

1Y

34.6%

Updated

26 Oct, 2021

Data

Company Financials +
HTA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance5/6
Financial Health1/6
Dividends4/6

HTA Overview

Healthcare Trust of America, Inc. (NYSE: HTA) is the largest dedicated owner and operator of MOBs in the United States, comprising approximately 25.1 million square feet of GLA, with $7.4 billion invested primarily in MOBs.

Healthcare Trust of America Competitors

Welltower

NYSE:WELL

US$34.0b

Ventas

NYSE:VTR

US$21.6b

Healthpeak Properties

NYSE:PEAK

US$19.2b

Omega Healthcare Investors

NYSE:OHI

US$7.3b

Price History & Performance

Summary of all time highs, changes and price drops for Healthcare Trust of America
Historical stock prices
Current Share PriceUS$33.24
52 Week HighUS$23.39
52 Week LowUS$33.84
Beta0.60
1 Month Change10.99%
3 Month Change16.06%
1 Year Change34.63%
3 Year Change24.26%
5 Year Change12.22%
Change since IPO67.54%

Recent News & Updates

Oct 07

Healthcare Trust Of America: Banking On A Resurgent Healthcare Sector

Healthcare Trust of America is a leading mREIT with presence in key US markets. The REIT mainly focuses on the Medical Office Building segment. It has a robust FFO and dividend growth track record.

Shareholder Returns

HTAUS REITsUS Market
7D-0.4%2.5%0.9%
1Y34.6%40.4%33.4%

Return vs Industry: HTA underperformed the US REITs industry which returned 37.7% over the past year.

Return vs Market: HTA exceeded the US Market which returned 33.4% over the past year.

Price Volatility

Is HTA's price volatile compared to industry and market?
HTA volatility
HTA Beta0.60
Industry Beta0.84
Market Beta1

Stable Share Price: HTA is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: HTA's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006333Peter Fosshttps://www.htareit.com

Healthcare Trust of America, Inc. (NYSE: HTA) is the largest dedicated owner and operator of MOBs in the United States, comprising approximately 25.1 million square feet of GLA, with $7.4 billion invested primarily in MOBs. HTA provides real estate infrastructure for the integrated delivery of healthcare services in highly-desirable locations. Investments are targeted to build critical mass in 20 to 25 leading gateway markets that generally have leading university and medical institutions, which translates to superior demographics, high-quality graduates, intellectual talent and job growth.

Healthcare Trust of America Fundamentals Summary

How do Healthcare Trust of America's earnings and revenue compare to its market cap?
HTA fundamental statistics
Market CapUS$7.39b
Earnings (TTM)US$81.27m
Revenue (TTM)US$756.06m

90.9x

P/E Ratio

9.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HTA income statement (TTM)
RevenueUS$756.06m
Cost of RevenueUS$231.38m
Gross ProfitUS$524.68m
ExpensesUS$443.41m
EarningsUS$81.27m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 04, 2021

Earnings per share (EPS)0.37
Gross Margin69.40%
Net Profit Margin10.75%
Debt/Equity Ratio97.6%

How did HTA perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

78%

Payout Ratio

Valuation

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

39.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HTA ($33.24) is trading below our estimate of fair value ($54.8)

Significantly Below Fair Value: HTA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HTA is poor value based on its PE Ratio (90.9x) compared to the US REITs industry average (52.8x).

PE vs Market: HTA is poor value based on its PE Ratio (90.9x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: HTA is poor value based on its PEG Ratio (14.1x)


Price to Book Ratio

PB vs Industry: HTA is overvalued based on its PB Ratio (2.4x) compared to the US REITs industry average (2.1x).


Future Growth

How is Healthcare Trust of America forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

6.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HTA's forecast earnings growth (6.4% per year) is above the savings rate (2%).

Earnings vs Market: HTA's earnings (6.4% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: HTA's earnings are forecast to grow, but not significantly.

Revenue vs Market: HTA's revenue (7.1% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: HTA's revenue (7.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HTA's Return on Equity is forecast to be low in 3 years time (3.8%).


Past Performance

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

3.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HTA has high quality earnings.

Growing Profit Margin: HTA's current net profit margins (10.7%) are higher than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: HTA's earnings have grown by 3.5% per year over the past 5 years.

Accelerating Growth: HTA's earnings growth over the past year (155.2%) exceeds its 5-year average (3.5% per year).

Earnings vs Industry: HTA earnings growth over the past year (155.2%) exceeded the REITs industry 8.3%.


Return on Equity

High ROE: HTA's Return on Equity (2.6%) is considered low.


Financial Health

How is Healthcare Trust of America's financial position?


Financial Position Analysis

Short Term Liabilities: HTA's short term assets ($325.3M) exceed its short term liabilities ($189.0M).

Long Term Liabilities: HTA's short term assets ($325.3M) do not cover its long term liabilities ($3.4B).


Debt to Equity History and Analysis

Debt Level: HTA's debt to equity ratio (97.6%) is considered high.

Reducing Debt: HTA's debt to equity ratio has increased from 95.1% to 97.6% over the past 5 years.

Debt Coverage: HTA's debt is not well covered by operating cash flow (12.9%).

Interest Coverage: HTA's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet


Dividend

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

3.91%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HTA's dividend (3.91%) is higher than the bottom 25% of dividend payers in the US market (1.27%).

High Dividend: HTA's dividend (3.91%) is in the top 25% of dividend payers in the US market (3.48%)


Stability and Growth of Payments

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

Growing Dividend: HTA's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (77.8%), HTA's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HTA's dividends in 3 years are forecast to be covered by earnings (71.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.1yrs

Average management tenure


CEO

Peter Foss (77 yo)

0.17

Tenure

US$215,500

Compensation

Mr. Peter N. Foss has been Director of Healthcare Trust of America, Inc., General Partner of Healthcare Trust of America Holdings, LP since April 2015, AVINTIV Inc. since December 2014, AVINTIV Specialty M...


Leadership Team

Experienced Management: HTA's management team is seasoned and experienced (6.1 years average tenure).


Board Members

Experienced Board: HTA's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Healthcare Trust of America, Inc.
  • Ticker: HTA
  • Exchange: NYSE
  • Founded: 2006
  • Industry: Health Care REITs
  • Sector: Real Estate
  • Implied Market Cap: US$7.390b
  • Market Cap: US$7.275b
  • Shares outstanding: 222.35m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 22:39
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.