Dividend Coverage: This Healthcare REIT has a Dividend Yield of 5.15%; Will Trade Ex-Dividend on October 02, 2017

LONDON, UK / ACCESSWIRE / September 29, 2017 / Pro-Trader Daily takes a closer look at Physicians Realty Trust (NYSE: DOC) as the Company’s stock will begin trading ex-dividend on October 02, 2017. To capture the dividend payout, investors must purchase the stock a day prior (excluding weekend) to the ex-dividend date that is by latest at the end of the trading session on September 29, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Dividend Declared

On September 21, 2017, Physicians Realty announced that the Company’s Board of Trustees has authorized a quarterly cash dividend of $0.230 per common share and unit for the quarter ending September 30, 2017. The dividend will be payable on October 18, 2017, to common shareholders and unitholders of record on October 03, 2017.

Physicians Realty’s indicated dividend represents a yield of 5.15%, which is substantially above the average dividend yield of 3.15% for the financial sector.

Dividend Insights

Physicians Realty has a dividend payout ratio of 86.0%, which means that the Company distributes approximately $0.86 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Physicians Realty Trust is forecasted to report earnings of $0.34 for the next year compared to the Company’s annualized dividend of $0.92. Physicians Realty Trust is a Real Estate Investment Trust (REIT) which is structured by law to distribute at least 90% of earnings. Moreover, since REITs generate income from owning portfolios of investment real estate, they are likely to have higher depreciation charges.

Since depreciation is a non-cash charge, it does not directly impact the ability of dividend the Companies can distribute. For this reason, Fund from Operations (FFO) is calculated by adding depreciation and amortization to earnings and subtracting any gains on sales which provides a better picture of any company’s profitability and capacity to pay and to sustain dividends. For instance, Physicians Realty Trust’s net income attributable to common shareholders for Q2 2017 was $0.06 per diluted share. The Company’s FFO for Q2 2017 consisted of net income less $0.2 million of net income attributable to non-controlling interests for partially owned properties, plus $28.1 million of depreciation and amortization, less $0.1 million of depreciation and amortization expense for partially owned properties, less $0.2 million of preferred distributions, less $5.3 million of gain on sale of investment property, resulting in $0.20 per diluted share. Physicians Realty Trust’s normalized FFO, which adjusts for $5.2 million of acquisition expenses, was $37.9 million, or $0.24 per diluted share. The FFO indicates that the Company should be able to comfortably cover the dividend payout.

Physicians Realty Trust’s cash and cash equivalents were $11.51 million at June 30, 2017, compared to $15.49 million at December 31, 2016. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

Recent Development for Physicians Realty

On September 11, 2017, Physicians Realty Trust announced that it has completed acquisitions of eight medical office facilities since June 30, 2017. The facilities represent approximately 417,753 square feet with a total purchase price of $129.7 million at an average first-year cash yield of 6.1%, and bring year-to-date investment activity to $966.2 million. The Company is also announcing fully executed purchase and sale agreements to acquire an additional two medical office facilities totaling approximately 390,033 square feet for $166.0 million at an average first-year cash yield of 4.8%.

About Physicians Realty Trust

Physicians Realty Trust 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 real estate that is integral to providing high-quality healthcare. The Company conducts its business through an UPREIT structure in which its properties are owned by Physicians Realty L.P., a Delaware limited partnership, directly or through limited partnerships, limited liability companies or other subsidiaries. The Company is the sole general partner of the operating partnership and, as of June 30, 2017, owned approximately 96.7% of the partnership interests in its operating partnership.

Stock Performance

At the close of trading session on Thursday, September 28, 2017, Physicians Realty Trust’s stock price rose 1.72% to end the day at $17.79. A total volume of 1.42 million shares were exchanged during the session. The Company’s shares are trading at a PE ratio of 76.03 and have a dividend yield of 5.17%. At Thursday’s closing price, the stock’s net capitalization stands at $3.22 billion.

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