Healthcare Realty Trust has paid nearly $28 million for a three-story medical office building on the campus of Northwest Hospital in Seattle. The deal is the latest in a number of Washington acquisitions for the Nashville-based real estate investment trust, which finished 2014 with $210 million invested in the Evergreen State. The Puget Sound Business Journal has more details here.
Shares of Healthcare Realty Trust are down more than 2 percent Friday (Ticker: HR) following a move by analysts at Stifel Nicolaus to downgrade the company to 'hold' from 'buy.' The retreat has taken the stock back to where it was five weeks ago. Year to date, Healthcare Realty is off about 7 percent.
National Health Investors executives have sold $100 million of debt to a private placement lender. The money raised was split evenly between eight-year notes with a coupon of 3.99 percent and 10-year notes paying 4.33 percent. Both series are unsecured and were used to pay down debt on NHI's $550 million revolving credit line, which is the company's (Ticker: NHI) only debt with a variable interest rate.
Veteran Wells Fargo analyst Jeff Donnelly has downgraded his rating on shares of Ryman Hospitality Properties to 'underperform' from 'market perform.' Ryman shares (Ticker: RHP) are off more than 1 percent this morning to right around $53. They're flat year to date.
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