In a sign of management's confidence in the value of HealthCo Healthcare & Wellness REIT's assets, suggests Morgan Stanley, a $50m buyback has been announced, commencing on May 8.

The broker notes the REIT is currently trading at a -32% discount to the net tangible asset (NTA) valuation at the end of last year.

Equal-weight rating. Target $1.41. Industry view: In-Line.

Sector: Real Estate.

Target price is $1.41.Current Price is $1.22. Difference: $0.20 - (brackets indicate current price is over target). If HCW meets the Morgan Stanley target it will return approximately 14% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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