HTA - Healthcare Trust of America is a buy on news of potential Healthcare Realty deal

Healthcare Trust of America (NYSE:HTA) shares should be bought on news of potential deal with Healthcare Realty Trust (NYSE:HR) as the upside risk outweighs any potential downside, according to United First Partners. Healthcare Trust (HTA) could see $36/share in a potential acquisition by smaller rival Healthcare Realty (HR) if the medical office building REIT can find other partners for financing a deal, UFP analyst Ivan Deryugin wrote in a note on Friday. The analysis comes after a WSJ report on Thursday that Healthcare Realty (HR) is said near a deal to combine with Healthcare Trust of America (HTA) in a stock and cash deal. The news follows HTA announcement in November that it was exploring options, including a potential sale, after activist Elliott Management had been pressuring the company to sell itself. "The presence of an activist investor limits the risk that HTA will engage in a value-negating transaction, and while HR is much smaller than HTA, there

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Healthcare Trust of America is a buy on news of potential Healthcare Realty deal