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Healthcare Trust of America

NYSE:HTA
Snowflake Description

Proven track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HTA
NYSE
$6B
Imp Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Healthcare Trust of America, Inc. (NYSE: HTA) is the largest dedicated owner and operator of MOBs in the United States, comprising approximately 23.2 million square feet of GLA, with $6.8 billion invested primarily in MOBs. The last earnings update was 26 days ago. More info.


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HTA Share Price and Events
7 Day Returns
0.5%
NYSE:HTA
1.2%
US REITs
1.6%
US Market
1 Year Returns
13.1%
NYSE:HTA
15.2%
US REITs
2.6%
US Market
HTA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Healthcare Trust of America (HTA) 0.5% 3.8% -2.8% 13.1% -6.1% 16.2%
US REITs 1.2% 2.9% 3.3% 15.2% 13.3% 25.8%
US Market 1.6% -1.7% 2.1% 2.6% 38.5% 41.4%
1 Year Return vs Industry and Market
  • HTA underperformed the REITs industry which returned 15.2% over the past year.
  • HTA outperformed the Market in United States of America which returned 2.6% over the past year.
Price Volatility
HTA
Industry
5yr Volatility vs Market

Value

 Is Healthcare Trust of America undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Healthcare Trust of America to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Healthcare Trust of America.

NYSE:HTA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:HTA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.531 (1 + (1- 21%) (47.26%))
0.819
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.819 * 5.96%)
7.61%

Discounted Cash Flow Calculation for NYSE:HTA using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Healthcare Trust of America is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Healthcare Trust of America is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NYSE:HTA DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 7.61%)
2019 279.73 Analyst x9 259.95
2020 295.42 Analyst x9 255.12
2021 312.72 Analyst x2 250.96
2022 333.80 Analyst x1 248.94
2023 349.45 Analyst x1 242.17
2024 366.19 Est @ 4.79% 235.84
2025 381.48 Est @ 4.17% 228.31
2026 395.75 Est @ 3.74% 220.10
2027 409.35 Est @ 3.44% 211.57
2028 422.56 Est @ 3.23% 202.95
Present value of next 10 years cash flows $2,355.89
NYSE:HTA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $422.56 × (1 + 2.73%) ÷ (7.61% – 2.73%)
$8,896.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $8,896.34 ÷ (1 + 7.61%)10
$4,272.75
NYSE:HTA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,355.89 + $4,272.75
$6,628.63
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $6,628.63 / 209.00
$32.05
NYSE:HTA Discount to Share Price
Calculation Result
Value per share (USD) From above. $32.05
Current discount Discount to share price of $28.02
= -1 x ($28.02 - $32.05) / $32.05
12.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Healthcare Trust of America is available for.
Intrinsic value
13%
Share price is $28.02 vs Future cash flow value of $32.05
Current Discount Checks
For Healthcare Trust of America to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Healthcare Trust of America's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Healthcare Trust of America's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Healthcare Trust of America's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Healthcare Trust of America's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:HTA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.05
NYSE:HTA Share Price ** NYSE (2019-05-21) in USD $28.02
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 32.75x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Healthcare Trust of America.

NYSE:HTA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HTA Share Price ÷ EPS (both in USD)

= 28.02 ÷ 1.05

26.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Healthcare Trust of America is good value based on earnings compared to the US REITs industry average.
  • Healthcare Trust of America is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Healthcare Trust of America's expected growth come at a high price?
Raw Data
NYSE:HTA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
-4.5%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.58x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NYSE:HTA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.6x ÷ -4.5%

-5.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Healthcare Trust of America earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Healthcare Trust of America's assets?
Raw Data
NYSE:HTA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $15.59
NYSE:HTA Share Price * NYSE (2019-05-21) in USD $28.02
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.89x
United States of America Market PB Ratio Median Figure of 5,202 Publicly-Listed Companies 1.84x
NYSE:HTA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HTA Share Price ÷ Book Value per Share (both in USD)

= 28.02 ÷ 15.59

1.8x

* Primary Listing of Healthcare Trust of America.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Healthcare Trust of America is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess Healthcare Trust of America's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Healthcare Trust of America has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Healthcare Trust of America expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-4.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Healthcare Trust of America expected to grow at an attractive rate?
  • Healthcare Trust of America's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Healthcare Trust of America's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Healthcare Trust of America's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:HTA Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:HTA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts -4.5%
NYSE:HTA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 4.6%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.9%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:HTA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:HTA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 835 95 1
2022-12-31 797 84 1
2021-12-31 756 76 3
2020-12-31 712 74 7
2019-12-31 686 62 7
NYSE:HTA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 691 325 217
2018-12-31 698 337 213
2018-09-30 700 320 241
2018-06-30 700 323 81
2018-03-31 667 321 60
2017-12-31 615 308 64
2017-09-30 563 284 38
2017-06-30 505 248 31
2017-03-31 478 210 50
2016-12-31 461 204 46
2016-09-30 441 201 40
2016-06-30 427 200 40

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Healthcare Trust of America's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Healthcare Trust of America's revenue is expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:HTA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Healthcare Trust of America Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HTA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.33 0.35 0.30 2.00
2020-12-31 0.31 0.38 0.21 5.00
2019-12-31 0.29 0.33 0.24 5.00
NYSE:HTA Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.05
2018-12-31 1.04
2018-09-30 1.17
2018-06-30 0.40
2018-03-31 0.31
2017-12-31 0.35
2017-09-30 0.23
2017-06-30 0.20
2017-03-31 0.35
2016-12-31 0.34
2016-09-30 0.30
2016-06-30 0.31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Healthcare Trust of America is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Healthcare Trust of America's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Healthcare Trust of America has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Healthcare Trust of America's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Healthcare Trust of America has delivered over 20% year on year earnings growth in the past 5 years.
  • Healthcare Trust of America's 1-year earnings growth exceeds its 5-year average (260.8% vs 43.1%)
  • Healthcare Trust of America's earnings growth has exceeded the US REITs industry average in the past year (260.8% vs 16%).
Earnings and Revenue History
Healthcare Trust of America's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Healthcare Trust of America Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HTA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 691.38 217.10 37.70
2018-12-31 698.16 213.46 35.20
2018-09-30 699.70 240.66 34.51
2018-06-30 700.45 81.44 34.02
2018-03-31 666.66 60.17 33.77
2017-12-31 614.77 63.92 33.40
2017-09-30 562.64 37.94 33.07
2017-06-30 504.67 30.61 32.08
2017-03-31 477.96 49.60 30.42
2016-12-31 460.93 45.91 28.77
2016-09-30 440.94 39.73 27.23
2016-06-30 426.54 39.77 26.37
2016-03-31 412.62 35.99 25.78
2015-12-31 403.82 32.93 25.58
2015-09-30 396.77 43.75 26.04
2015-06-30 388.36 53.32 25.54
2015-03-31 378.72 46.88 25.22
2014-12-31 371.51 45.37 24.95
2014-09-30 360.64 28.24 24.04
2014-06-30 348.09 17.03 24.09
2014-03-31 336.04 28.20 24.40
2013-12-31 321.60 24.26 28.25
2013-09-30 310.94 18.21 32.51
2013-06-30 305.49 10.29 35.29
2013-03-31 303.57 -23.20 40.98
2012-12-31 299.64 -24.42 38.34
2012-09-30 289.44 -21.00 33.74
2012-06-30 281.85 -17.68 32.03

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Healthcare Trust of America has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Healthcare Trust of America used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • Healthcare Trust of America's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Healthcare Trust of America's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Healthcare Trust of America has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Healthcare Trust of America's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Healthcare Trust of America's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Healthcare Trust of America is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Healthcare Trust of America's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Healthcare Trust of America's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Healthcare Trust of America Company Filings, last reported 1 month ago.

NYSE:HTA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 3,281.30 2,738.93 61.67
2018-12-31 3,341.46 2,541.23 127.33
2018-09-30 3,440.14 2,609.66 227.11
2018-06-30 3,335.40 2,684.08 28.19
2018-03-31 3,318.03 2,781.03 58.23
2017-12-31 3,370.19 2,782.12 101.89
2017-09-30 3,265.00 2,858.20 10.36
2017-06-30 3,311.75 2,785.73 92.31
2017-03-31 1,754.52 1,812.86 17.07
2016-12-31 1,785.07 1,770.83 11.77
2016-09-30 1,812.47 1,717.46 17.94
2016-06-30 1,721.66 1,637.04 8.15
2016-03-31 1,473.48 1,672.06 13.83
2015-12-31 1,411.40 1,593.07 13.50
2015-09-30 1,438.11 1,580.22 11.15
2015-06-30 1,424.63 1,641.72 17.43
2015-03-31 1,450.88 1,461.98 13.71
2014-12-31 1,480.15 1,405.08 12.13
2014-09-30 1,343.92 1,501.26 21.71
2014-06-30 1,361.53 1,526.13 135.00
2014-03-31 1,374.77 1,237.31 31.56
2013-12-31 1,403.01 1,219.29 23.15
2013-09-30 1,422.09 1,129.05 85.84
2013-06-30 1,347.03 1,116.27 125.29
2013-03-31 1,345.57 1,142.26 120.96
2012-12-31 1,268.16 1,046.73 15.96
2012-09-30 1,296.06 1,010.00 8.34
2012-06-30 1,478.65 866.32 23.98
  • Healthcare Trust of America's level of debt (83.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (90.2% vs 83.5% today).
  • Debt is not well covered by operating cash flow (11.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Healthcare Trust of America's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Healthcare Trust of America has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.43%
Current annual income from Healthcare Trust of America dividends. Estimated to be 4.57% next year.
If you bought $2,000 of Healthcare Trust of America shares you are expected to receive $89 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Healthcare Trust of America's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Healthcare Trust of America's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
Upcoming dividend payment

Purchase Healthcare Trust of America before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:HTA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:HTA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.30 2.00
2022-12-31 1.29 2.00
2021-12-31 1.28 3.00
2020-12-31 1.30 8.00
2019-12-31 1.25 6.00
NYSE:HTA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-25 1.240 4.477
2019-02-14 1.240 4.375
2018-10-25 1.240 4.616
2018-08-02 1.240 4.556
2018-04-27 1.220 4.700
2018-02-15 1.220 4.770
2017-10-24 1.220 4.194
2017-07-31 1.220 4.035
2017-04-26 1.200 3.877
2017-02-15 1.200 3.812
2016-10-25 1.200 4.133
2016-08-01 1.200 3.672
2016-04-25 1.180 3.784
2016-02-18 1.180 4.144
2015-10-27 1.180 4.469
2015-08-13 1.180 4.774
2015-05-05 1.160 4.658
2015-02-17 1.160 4.257
2014-10-28 1.160 4.325
2014-07-29 1.160 4.775
2014-04-29 1.150 4.749
2014-02-18 1.150 5.072
2013-11-04 1.150 5.535
2013-08-01 1.150 5.318
2013-04-30 1.150 4.925
2013-03-01 1.275 5.381
2013-02-21 1.275 5.593
2012-10-26 1.150 5.537
2012-08-02 1.150 5.974

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Healthcare Trust of America has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Healthcare Trust of America only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Healthcare Trust of America's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (289.9x coverage).
X
Income/ dividend checks
We assess Healthcare Trust of America's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Healthcare Trust of America afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Healthcare Trust of America has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Scott Peters
COMPENSATION $6,871,367
AGE 60
TENURE AS CEO 13.1 years
CEO Bio

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 the Chairman of the Board since July 2006. Mr. Peters is the Founder of Healthcare Trust of America and is its Director since 2006. He served as the Chief Executive Officer, President and a Director of Grubb & Ellis Company (“GBE”), former sponsor, from December 2007 to July 2008, and as the Chief Executive Officer, President and director of NNN Realty Advisors, a wholly owned subsidiary of GBE, from its formation in September 2006. Mr. Peters served as the Executive Vice President and Chief Financial Officer of Triple Net Properties, Inc. from September 2004 to November 2006. From April 2006 to 2007, Mr. Peters served as a Director of NNN Apartment REIT, Inc. Mr. Peters served as President and Chief Executive Officer of G REIT, Inc. from 2005 to 2006, having previously served as the company’s Executive Vice President and Chief Financial Officer from September 2004. From February 1997 to February 2007, Mr. Peters served as Senior Vice President, Chief Financial Officer and a director of Golf Trust of America, Inc. (now known as Pernix Therapeutics Holdings, Inc.). From 1992 through 1996, Mr. Peters served as Executive Vice President and Chief Financial Officer of the Pacific Holding Company in Los Angeles. From 1988 to 1992, Mr. Peters served as Senior Vice President and Chief Financial Officer of Castle & Cooke Properties, Inc. Mr. Peters received a B.B.A. degree in Accounting and Finance from Kent State University.

CEO Compensation
  • Scott's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Scott's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Healthcare Trust of America management team in years:

3
Average Tenure
37
Average Age
  • The tenure for the Healthcare Trust of America management team is about average.
Management Team

Scott Peters

TITLE
Founder
COMPENSATION
$7M
AGE
60
TENURE
13.1 yrs

Robert Milligan

TITLE
CFO, Secretary & Treasurer
COMPENSATION
$2M
AGE
37
TENURE
4.7 yrs

Amanda Houghton

TITLE
Executive Vice President of Asset Management
COMPENSATION
$2M
AGE
36
TENURE
7.4 yrs

Judith Romero

TITLE
Vice President of Operations

David Gershenson

TITLE
Chief Accounting Officer
TENURE
1.8 yrs

David Chung

TITLE
Corporate Senior Vice President for Development
TENURE
0.2 yrs

K. Atkinson

TITLE
Senior Vice President of Acquisitions
TENURE
3 yrs

Jaime Northam

TITLE
Senior Vice President of Leasing
TENURE
4.7 yrs

Todd Sloan

TITLE
Senior Vice President of Leasing & Acquisitions (East Coast)
TENURE
2.1 yrs

Caroline Chiodo

TITLE
Senior Vice President of Finance
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Healthcare Trust of America board of directors in years:

8.3
Average Tenure
74
Average Age
  • The tenure for the Healthcare Trust of America board of directors is about average.
Board of Directors

Scott Peters

TITLE
Founder
COMPENSATION
$7M
AGE
60
TENURE
12.8 yrs

Warren Fix

TITLE
Independent Director
COMPENSATION
$186K
AGE
80
TENURE
12.7 yrs

Brad Blair

TITLE
Lead Independent Director
COMPENSATION
$224K
AGE
74
TENURE
4.4 yrs

Gary Wescombe

TITLE
Independent Director
COMPENSATION
$188K
AGE
75
TENURE
12.6 yrs

Peter Foss

TITLE
Independent Director
COMPENSATION
$189K
AGE
74
TENURE
4.1 yrs

Dan Henson

TITLE
Independent Director
COMPENSATION
$180K
AGE
57
TENURE
3.1 yrs

Maury DeWald

TITLE
Independent Director
COMPENSATION
$173K
AGE
78
TENURE
12.7 yrs

Larry Mathis

TITLE
Independent Director
COMPENSATION
$168K
AGE
74
TENURE
12.1 yrs

Vicki Booth

TITLE
Independent Director
COMPENSATION
$208K
AGE
55
TENURE
1.2 yrs

Roberta Bowman

TITLE
Independent Director
COMPENSATION
$208K
AGE
63
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
03. Jan 19 Buy Vicki Booth Individual 02. Jan 19 02. Jan 19 1,000 $24.73 $24,730
08. Jun 18 Buy Roberta Bowman Individual 08. Jun 18 08. Jun 18 1,000 $25.35 $25,350
08. Jun 18 Buy Vicki Booth Individual 08. Jun 18 08. Jun 18 1,000 $25.02 $25,020
08. Jun 18 Buy Warren Fix Individual 08. Jun 18 08. Jun 18 1,000 $25.28 $25,280
08. Jun 18 Buy Peter Foss Individual 08. Jun 18 08. Jun 18 1,000 $24.98 $24,980
08. Jun 18 Buy W. Blair Individual 08. Jun 18 08. Jun 18 1,000 $25.30 $25,300
08. Jun 18 Buy Daniel Henson Individual 08. Jun 18 08. Jun 18 1,000 $25.27 $25,270
08. Jun 18 Buy Robert Milligan Individual 08. Jun 18 08. Jun 18 3,800 $25.35 $96,330
X
Management checks
We assess Healthcare Trust of America's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Healthcare Trust of America has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should You Worry About Healthcare Trust of America, Inc.'s (NYSE:HTA) CEO Pay?

Scott Peters has been the CEO of Healthcare Trust of America, Inc. … View our latest analysis for Healthcare Trust of America How Does Scott Peters's Compensation Compare With Similar Sized Companies? … Over the last three years Healthcare Trust of America, Inc.

Simply Wall St -

Why You Shouldn't Look At Healthcare Trust of America, Inc.'s (NYSE:HTA) Bottom Line

Healthcare Trust of America, Inc. … real estate investment trust (REIT) based in Scottsdale, United States. … REITs are basically a portfolio of income-producing real estate investments, which are owned and operated by management of that trust company.

Simply Wall St -

Have Insiders Been Selling Healthcare Trust of America, Inc. (NYSE:HTA) Shares This Year?

We often see insiders buying up shares in companies that perform well over the long term. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … The Last 12 Months Of Insider Transactions At Healthcare Trust of America.

Simply Wall St -

Did You Miss Healthcare Trust of America's 24% Share Price Gain?

(NYSE:HTA) share price is up 24% in the last five years, that's less than the market return. … During five years of share price growth, Healthcare Trust of America achieved compound earnings per share (EPS) growth of 37% per year. … It might be well worthwhile taking a look at our free report on Healthcare Trust of America's earnings, revenue and cash flow.

Simply Wall St -

Is Healthcare Trust of America, Inc.'s (NYSE:HTA) CEO Pay Fair?

In 2006 Scott Peters was appointed CEO of Healthcare Trust of America, Inc. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Scott Peters's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Have Insiders Been Selling Healthcare Trust of America, Inc. (NYSE:HTA) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Healthcare Trust of America, Inc. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … Scott Peters was the only individual insider to sell shares in the last twelve months

Simply Wall St -

With A Return On Equity Of 7.1%, Has Healthcare Trust of America Inc's (NYSE:HTA) Management Done Well?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Healthcare Trust of America Inc (NYSE:HTA). … Healthcare Trust of America has a ROE of 7.1%, based on the last twelve months.

Simply Wall St -

Why You Shouldn't Look At Healthcare Trust of America Inc's (NYSE:HTA) Bottom Line

Healthcare Trust of America Inc is a US$5.5b. … real estate investment trust (REIT) based in Scottsdale, United States. … REITs are basically a portfolio of income-producing real estate investments, which are owned and operated by management of that trust company.

Simply Wall St -

Is Healthcare Trust of America Inc's (NYSE:HTA) CEO Being Overpaid?

In 2006 Scott Peters was appointed CEO of Healthcare Trust of America Inc (NYSE:HTA). … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … According to our data, Healthcare Trust of America Inc has a market capitalization of US$5.7b, and pays its CEO total annual compensation worth US$8m.

Simply Wall St -

Is Healthcare Trust of America Inc's (NYSE:HTA) Growth Strong Enough To Justify Its August Share Price?

Healthcare Trust of America Inc (NYSE:HTA) is considered a high-growth stock, but its last closing price of $27.32 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … View our latest analysis for Healthcare Trust of America? … If you are bullish about Healthcare Trust of America's growth potential then you are certainly not alone

Simply Wall St -

Company Info

Description

Healthcare Trust of America, Inc. (NYSE: HTA) is the largest dedicated owner and operator of MOBs in the United States, comprising approximately 23.2 million square feet of GLA, with $6.8 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 indices.

Details
Name: Healthcare Trust of America, Inc.
HTA
Exchange: NYSE
Founded: 2006
$5,795,498,539
$5,746,829,792
208,997,423
Website: http://www.htareit.com
Address: Healthcare Trust of America, Inc.
16435 North Scottsdale Road,
Suite 320,
Scottsdale,
Arizona, 85254,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HTA Class A Common Stock New York Stock Exchange US USD 06. Jun 2012
DB HT01 Class A Common Stock Deutsche Boerse AG DE EUR 06. Jun 2012
Number of employees
Current staff
Staff numbers
282
Healthcare Trust of America employees.
Industry
Health Care REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 06:33
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/05/16
Last earnings filing: 2019/04/26
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.