Tuesday, May 9, 2017

Adding DOC (Physicians Realty Trust), Selling Lexington (LXP)

Here is an article on the REIT from Brad Thomas....


I've wanted to increase my ownership of healthcare REITs, with OHI as my only holding here.  I looked at Ventas (VTR) and HTA, both good candidates, but both a bit too pricey for me today.  DOC is trading at a nice discount to fair value, so that is my pick.  I bought a 1/2 position in the stock today at a price of $19.12 per share.  The yield today is around 4.7%.

Here is the FASTGraph for DOC:

Regarding Lexington... they are having some issues financially, and while their long term prospects seem fine, I think it will be a year or two before the price really starts to appreciate.   I've closed the position, and redeployed to DOC above.

Best regards,


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