Thu, Jun. 23, 4:08 PM
Wed, Jun. 22, 9:55 AM
- Healthcare Realty Trust (HR -1.3%) is cut to Underperform from Market Perform, and Physicians Realty Trust (DOC -1.5%) to Market Perform from Outperform at JMP Securities.
- The two have moved nearly in lockstep this year, with DOC up 18.6% and HR higher by 17.2%. On a year-over-year basis, HR is ahead 40% and DOC 26%.
Thu, May 5, 9:15 AM
- Q1 normalized FFO of $23.7M or $0.22 per share vs. $22.7M and $0.26 in Q4. The per share amount fell thanks to a 21.3M share secondary early in the quarter. There was another 25.9M share sale in Q2 around the $725M deal with Catholic Health Initiatives. This is on track to close this quarter in two or more tranches.
- Q1 investments of $202.3M, includes 16 healthcare facilities and two condos totaling 752K leasable square feet, and one mezzanine loan.
- Conference call at 2 ET
- Previously: Physicians Realty Trust misses by $0.01, beats on revenue (May 5)
- DOC flat premarket
Thu, May 5, 8:22 AM
Wed, Apr. 6, 8:23 AM
- The company sold 22.5M shares at a price of $17.85 each vs. the originally planned sale of 18M shares. Gross proceeds were $387.9M, and the underwriters have an option to buy another 3.375M shares at that price.
- The funds are to be used to help pay for the Catholic Health Initiatives acquisition.
- Source: Press Release
- DOC -1.35% premarket to $18.21.
- Now read: Physicians Realty Has All The Healthy Ingredients To Sleep Well At Night
Tue, Apr. 5, 4:22 PM
- The company has agreed to purchase 52 medical office facilities from Catholic Health Initiatives for $724.9M. The properties total 3.16M square feet in ten states. The portfolio is 94.4% leased, with total year-one NOI of $43.5M.
- CHI is the fifth-largest non-profit healthcare system in the U.S.
- To help fund the deal, DOC is selling 18M shares of stock with an underwriter greenshoe of 2.7M shares.
- Source: Press Release
- The stock's lower by 2.1% in very thin after hours trading.
- Now read: A Bottom-Up Analysis Of Physicians Realty
Fri, Mar. 18, 8:20 AM
Mon, Feb. 29, 9:11 AM
- Q4 normalized FFO of $22.723M or $0.26 per share vs. $11.162M and $0.22 one year ago. Normalized FAD per share of $0.24 vs. $0.20. Quarterly dividend is $0.225.
- $152.8M of investments in Q4 comprising 19 healthcare facilities totaling nearly 500K square feet, and three mezzanine loans. Boosted gross leaseable square footage by 9.3% to 5.8M square feet. Another $105.6M of investments closed since quarter's end.
- 2016 acquisition guidance of $750M-$1B.
- Conference call at 10 ET
- Previously: Physicians Realty Trust FFO in-line, beats on revenue (Feb. 29)
- DOC flat premarket
Mon, Feb. 29, 8:18 AM
Sun, Feb. 28, 5:30 PM
Tue, Feb. 9, 12:05 PM
- Healthcare facility owners are seeing steep losses after HCP (HCP -14.8%), Brookdale Senior Living (BKD -16%), and Medical Properties Trust (MPW -3.8%) issued soft 2016 guidance with their Q4 beats.
- HCP reported Q4 FFO/share of $0.80 (beat by $0.02), but guided for 2016 FFO/share of $2.74-$2.80 vs. a $3.16 consensus. Brookdale reported Q4 CFFO/share of $0.58 (beat by $0.12), but guided for 2016 CFFO of $2.45-$2.55 vs. a $2.62 consensus. MPW reported Q4 FFO/share of $0.35 (beat by $0.01), but guided for 2016 FFO/share of $1.29-$1.33 vs. a $1.33 consensus.
- In addition to HCP/Brookdale/MPW, the casualty list includes Omega Healthcare Investors (OHI -9.6%), Capital Senior Living (CSU -6.2%), Five Star Quality Care (FVE -7%), Welltower (HCN -9%), Genesis Healthcare (GEN -9.6%), , Sabra Health Care REIT (SBRA -6.3%), National Health Investors (NHI -4.6%), Ventas (VTR -5.9%), and Physicians Realty Trust (DOC -3.9%).
Sun, Jan. 31, 9:04 AM
- Investors don’t normally equate small-cap stocks with big dividends, but there are a growing number of cash-rich, mature small-cap companies that pay healthy dividends.
- Roger Vogel, head of the value equity group at Silvercrest Asset Management Group, says he's finding plenty of good dividend plays in small-caps.
- His picks include: Douglas Dynamics (NYSE:PLOW), Lancaster Colony (NASDAQ:LANC), Horace Mann Educators (NYSE:HMN), Physicians Realty Trust (NYSE:DOC), Knoll (NYSE:KNL), MSA Safety (NYSE:MSA), and G&K Services (NASDAQ:GK).
- "One cautionary note: Even though many small-cap companies have dividends, their growth is slowing, as is the case for payouts of larger companies. In a tougher economic environment, smaller companies have fewer shock absorbers than big firms."
- Source: Barron's
Mon, Jan. 25, 4:20 PM| Mon, Jan. 25, 4:20 PM
Wed, Jan. 20, 9:13 AM
Tue, Jan. 19, 4:29 PM
- Offering stock into a panicky market, Physicians Realty Trust (NYSE:DOC) launches a 17M share secondary offering. The underwriter greenshoe is for another 2.55M shares.
- DOC has held up better than some, down just about 3% (at today's close) for 2016. It's lower by another 2.6% after hours.
Fri, Jan. 8, 9:46 AM
- These income favorites are known for having had a tough time of it in 2015, in part thanks to worries about rising interest rates. MKM's Jonathan Krinsky, however, notes REITs have been relatively outperforming the S&P 500 for months and have just broken out to nine-month highs versus the broader market.
- Krinsky's a technician, so he's staying with the trend and recommending going long REITs (NYSEARCA:IYR) versus the S&P 500.
- Turning to individual REIT sectors and names, he's overweight apartments (AIV, AVB, ESS, EQR, MAA), UDR), storage (CUBE, EXR, PSA, SSS), and shopping malls (KIM, MAC, FRT, REG, IRM).
- He's equal weight data centers (buys: CONE, DCT, QTS, sells: EGP), diversified (buys: AMT, CCI, DLR, DRE, PSB, sells: EQIX, LPT, STAG, VNO, WY, WPC).
- He's underweight office property (buys: EQC, sells: HPP, FSP, GOV, KRC, OFC, PKY, SLG), hotels (sells: AHT, FCH, HPT, HST), mREITs (sells: ARR, STWD, RSO, buy: ABR), healthcare (sells: HCP, MPW, OHI, VTR, buys: DOC, HR, HTA)
Physicians Realty Trust operates as real estate investment trust. It is a self-managed healthcare real estate company organized to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The company invests in... More
Industry: REIT - Healthcare Facilities
Country: United States
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