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Fly News Breaks for May 3, 2017
HTA
May 3, 2017 | 10:00 EDT
MUFG analyst Karin Ford attributes the slide in Healthcare Trust of America (HTA) shares following its $2.75B acquisition of 64 stabilized medical office buildings and 14 unstabilized properties from Duke Realty (DRE) to market concerns about the deal's pricing. However, she thinks HTA paid "a fair-to-full price" and views the acquisition as a good long-term strategic fit that improves portfolio quality and provides a platform for future growth. The pullback has created an opportunity for investors, said Ford, who keeps an Overweight rating on Healthcare Trust shares.
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