NYSE:HTA

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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 24.9 million square feet of GLA, with $7.3 billion invested primarily in MOBs.


Snowflake Analysis

Average dividend payer and slightly overvalued.


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

Stable Share Price: HTA's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.2%

HTA

4.6%

US REITs

2.8%

US Market


1 Year Return

-6.1%

HTA

-9.7%

US REITs

9.3%

US Market

Return vs Industry: HTA exceeded the US REITs industry which returned -9.7% over the past year.

Return vs Market: HTA underperformed the US Market which returned 9.3% over the past year.


Shareholder returns

HTAIndustryMarket
7 Day-1.2%4.6%2.8%
30 Day16.0%5.6%8.9%
90 Day-20.1%-14.3%-0.5%
1 Year-1.7%-6.1%-5.9%-9.7%11.8%9.3%
3 Year-2.0%-14.3%11.3%-2.5%31.4%22.7%
5 Year37.6%10.7%42.0%12.7%58.7%40.9%

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

Valuation

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

27.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HTA ($26.8) is trading below our estimate of fair value ($36.89)

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 (161.5x) compared to the REITs industry average (27.7x).

PE vs Market: HTA is poor value based on its PE Ratio (161.5x) compared to the US market (15.7x).


Price to Earnings Growth Ratio

PEG Ratio: HTA is poor value based on its PEG Ratio (9x)


Price to Book Ratio

PB vs Industry: HTA is overvalued based on its PB Ratio (1.8x) compared to the US REITs industry average (1.3x).


Next Steps

Future Growth

How is Healthcare Trust of America forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

17.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HTA's forecast earnings growth (17.9% per year) is above the savings rate (2.2%).

Earnings vs Market: HTA's earnings (17.9% per year) are forecast to grow slower than the US market (22% per year).

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

Revenue vs Market: HTA's revenue (5.7% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: HTA's revenue (5.7% 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 (2.3%).


Next Steps

Past Performance

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

25.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HTA has a large one-off loss of $19.8M impacting its March 31 2020 financial results.

Growing Profit Margin: HTA's current net profit margins (4.9%) are lower than last year (31.4%).


Past Earnings Growth Analysis

Earnings Trend: HTA's earnings have grown significantly by 25.2% per year over the past 5 years.

Accelerating Growth: HTA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HTA had negative earnings growth (-84.1%) over the past year, making it difficult to compare to the REITs industry average (5.3%).


Return on Equity

High ROE: HTA's Return on Equity (1%) is considered low.


Next Steps

Financial Health

How is Healthcare Trust of America's financial position?


Financial Position Analysis

Short Term Liabilities: HTA's short term assets ($411.0M) exceed its short term liabilities ($182.1M).

Long Term Liabilities: HTA's short term assets ($411.0M) do not cover its long term liabilities ($3.2B).


Debt to Equity History and Analysis

Debt Level: HTA's debt to equity ratio (87.5%) is considered high.

Reducing Debt: HTA's debt to equity ratio has reduced from 101.1% to 87.5% over the past 5 years.

Debt Coverage: HTA's debt is not well covered by operating cash flow (12.3%).

Interest Coverage: HTA's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet


Next Steps

Dividend

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

4.70%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: HTA's dividend (4.7%) is higher than the bottom 25% of dividend payers in the US market (1.69%).

High Dividend: HTA's dividend (4.7%) is in the top 25% of dividend payers in the US market (4.55%)


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 8 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (79%), HTA's payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

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

5.8yrs

Average management tenure


CEO

Scott Peters (61yo)

14.17yrs

Tenure

US$6,441,916

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 ($USD6.44M) is about average for companies of similar size in the US market ($USD7.32M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Scott Peters
Founder14.17yrsUS$6.44m0.14% $8.3m
Robert Milligan
CFO, Secretary & Treasurer5.75yrsUS$2.05m0.078% $4.6m
Amanda Houghton
Executive Vice President of Asset Management8.5yrsUS$1.73m0.057% $3.4m
Judith Romero
Vice President of Operationsno datano datano data
David Gershenson
Chief Accounting Officer2.92yrsno datano data
Caroline Chiodo
Senior Vice President-Acquisitions & Developmentno datano datano data
Jaime Northam
Senior Vice President of Leasing5.75yrsno datano data
Todd Sloan
Senior Vice President of Leasing & Acquisitions (East Coast)3.17yrsno datano data
Kim Brubeck
Head of Business Developmentno datano datano data
Kristina Abril
Corporate Vice President of Asset Management & Controller5.83yrsno datano data

5.8yrs

Average Tenure

38yo

Average Age

Experienced Management: HTA's management team is seasoned and experienced (5.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Scott Peters
Founder14.17yrsUS$6.44m0.14% $8.3m
Warren Fix
Independent Director13.75yrsUS$194.00k0.032% $1.9m
W. Blair
Lead Independent Director5.5yrsUS$230.50k0.031% $1.8m
Maurice DeWald
Independent Director13.75yrsUS$179.00k0.026% $1.6m
Larry Mathis
Independent Director13.17yrsUS$177.50k0.028% $1.6m
Gary Wescombe
Independent Director13.67yrsUS$199.00k0.034% $2.0m
Peter Foss
Independent Director5.17yrsUS$195.50k0.0089% $531.5k
Jay Leupp
Independent Director0.42yrno data0.00077% $45.8k
Henry Cooper
Independent Director0.42yrno data0.00077% $45.8k
Vicki Booth
Independent Director2.25yrsUS$173.00k0.0056% $334.5k

9.3yrs

Average Tenure

75yo

Average Age

Experienced Board: HTA's board of directors are considered experienced (9.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: HTA insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.3%.


Top Shareholders

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: HTA
  • Exchange: NYSE
  • Founded: 2006
  • Industry: Health Care REITs
  • Sector: Real Estate
  • Implied Market Cap: US$5.952b
  • Market Cap: US$5.855b
  • Shares outstanding: 222.08m
  • 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 24.9 million square feet of GLA, with $7.3 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. The strategic markets HTA invests in support a strong, long-term demand for quality medical office space. HTA utilizes an integrated asset management platform consisting of on-site leasing, property management, engineering and building services, and development capabilities to create complete, state of the art facilities in each market. This drives efficiencies, strong tenant and health system relationships, and strategic partnerships that result in high levels of tenant retention, rental growth and long-term value creation. Headquartered in Scottsdale, Arizona, HTA has developed a national brand with dedicated relationships at the local level. Founded in 2006 and listed on the New York Stock Exchange in 2012, HTA has produced attractive returns for its stockholders that have outperformed the S&P 500 and US REIT index. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 05:25
End of Day Share Price2020/06/01 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.