Tuesday, May 9, 2017

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

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

https://seekingalpha.com/article/4063591-physicians-realty-just-doctor-ordered

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,

Chump



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