NEW YORK, June 7, 2018 /PRNewswire/ -- Report entitled "Broken Medical Trust" outlines how Healthcare Trust of America ("HTA" or "the Company") faces approximately 20%-40% downside risk to $15.00 to $20.00 per share. Spruce Point finds evidence to suggest manipulation of HTA's reported Same-Property Cash NOI ("SPNOI") results, which exhibit virtually no volatility – a statistically unlikely outcome. We have written a letter to HTA's Audit Committee recommending it hire an independent third party to validate SPNOI reporting.
Spruce Point Capital has a short position in Healthcare Trust of America, Inc. (HTA) and stands to benefit if its share price falls.
About Spruce Point Capital
Spruce Point Capital Management, LLC is an activist short-seller and investment manager with a forensic, fundamentally-oriented research and investment approach
Contact
Sean Donohue
Spruce Point Capital Management
sean.donohue@sprucepointcap.com
212-519-9813
Spruce Point Capital Management, LLC is a member of the Financial Industry Regulatory Authority, CRD number 288248.
SOURCE Spruce Point Capital Management, LLC