Research Desk Line-up: HCP, Inc. Post Earnings Coverage

LONDON, UK / ACCESSWIRE / November 7, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Healthcare Trust of America, Inc. (NYSE: HTA) ("HTA"), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=HTA, following the Company's release of its third quarter fiscal 2017 operating results on October 24, 2017. The real estate investment trust, based in Scottsdale, Arizona, beat FFO estimates. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the REIT - Healthcare Facilities industry. Pro-TD has currently selected HCP, Inc. (NYSE: HCP) for due-diligence and potential coverage as the Company announced on November 02, 2017, its financial results for Q3 2017 which ended on September 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on HCP, Inc. when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on HTA; also brushing on HCP. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=HTA

http://protraderdaily.com/optin/?symbol=HCP

Earnings Reviewed

For the quarter ended September 30, 2017, HTA reported revenues of $175.99 million, up 49% compared to revenues of $118.34 million in Q3 2016. The Company's rental income increased 48.4% to $175.4 million for the reported quarter compared to $118.3 million for the year ago same period.

During Q3 2017, HTA's net operating Income (NOI) surged 46.9% to $119.7 million compared to $81.5 million for Q3 2016. The Company's Same-Property Cash NOI increased 2.9% to $80.3 million for the reported quarter compared to $78.0 million in the year ago corresponding period.

HTA's net income more than doubled to $14.0 million for Q3 2017 compared to a net income of $6.6 million for Q3 2016. Earnings per diluted share increased 75.0% to $0.07 on a y-o-y basis.

For Q3 2017, the Company's FFO, as defined by the National Association of Real Estate Investment Trusts (NAREIT), was $0.41 per diluted share, or $84.2 million, compared to $0.38 per diluted share, or $54.0 million, for Q3 2016. HTA's normalized FFO was $0.42 per diluted share, or $85.4 million, for the reported quarter versus $0.40 per diluted share, or $57.1 million, for the year earlier comparable quarter.

HTA's normalized funds available for distribution (FAD) increased 51.9% to $74.8 million for Q3 2017 compared to $49.2 million for Q3 2016.

Portfolio

During Q3 2017, HTA completed investments of $160.7 million totaling approximately 314,000 square feet of gross leasable area (GLA), which were 99% leased as of the acquisition date, bringing year-to-date investments to $2.7 billion, net of development credits received at the closing of the Duke acquisition. These acquisitions included 93 in-service properties and 7 development properties, including 4 recently developed properties and 3 properties under development, but which were 100% pre-leased and expected to be completed by Q2 2018.

For Q3 2017, HTA entered into new and renewal leases on approximately 745,000 square feet of GLA, or 3.1% of its portfolio. Tenant retention for the Same-Property portfolio was 75% by GLA for Q3 2017, which included approximately 289,000 square feet of GLA of expiring leases.

During Q3 2017, HTA-Development completed two development projects located in Oxford, Mississippi and Dallas, TX, with a total construction cost of $33.8 million.

The Company's leased rate was 91.7% by GLA as of September 30, 2017. The occupancy rate of HTA's portfolio was 90.6% by GLA as of September 30, 2017.

HTA's investment grade rated tenants as a percentage of annualized base rent was 47% as of September 30, 2017. Additionally, 61% of HTA's annualized base rent as of September 30, 2017, was derived from tenants that have, or whose parent companies have, a credit rating from a nationally recognized rating agency.

As of September 30, 2017, HTA's in-house property management and leasing platform operated approximately 22.2 million square feet of GLA, or 92% of HTA's total portfolio.

Balance Sheet and Capital Markets

As of September 30, 2017, HTA had total assets of $6.4 billion; cash and cash equivalents of $9.4 million; and $919.5 million available under its unsecured revolving credit facility, the latter including the impact of $5.5 million of outstanding letters of credit. The leverage ratio of debt to total capitalization was 31.9% as of September 30, 2017, and 6.2x measured as debt to adjusted earnings before interest, taxes, depreciation, and amortization for real estate (EBITDAre).

In September 2017, HTA entered into new equity distribution agreements with its various sales agents with respect to its at-the-market (ATM) offering program of common stock with an aggregate sales amount of up to $500.0 million.

Stock Performance

At the closing bell, on Monday, November 06, 2017, Healthcare Trust of America's stock climbed 1.00%, ending the trading session at $30.38. A total volume of 994.64 thousand shares have exchanged hands. The Company's stock price advanced 2.60% in the last three months, 2.08% in the past six months, and 5.12% in the previous twelve months. Moreover, the stock gained 4.36% since the start of the year. The stock is trading at a PE ratio of 126.58 and has a dividend yield of 4.02%. The stock currently has a market cap of $6.18 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily