On Friday, Shares of Physicians Realty Trust (NYSE:DOC), gained 1.28% to $15.87.
Physicians Realty Trust, declared the upsizing and pricing of a public offering of 13,750,000 common shares of beneficial interest at a public offering price per share of $15.00, for net proceeds of about $196.7 million after deducting the underwriting discount and commissions and estimated offering expenses payable by the Company. All of the common shares are being offered by the Company and will trade on the NYSE under the ticker symbol “DOC.”
The Company has granted the underwriters a 30-day option to purchase up to an additional 2,062,500 common shares. The offering is predictable to close on October 19, 2015.
The Company will contribute the net proceeds of this offering to its operating partnership in exchange for common units in its operating partnership. The Company’s operating partnership intends to use the net proceeds of the offering to repay a portion of its borrowings under the Company’s unsecured credit facility and for general corporate purposes, counting working capital and investment in real estate.
Physicians Realty Trust, a self-managed healthcare real estate company, focuses on the acquisition, development, ownership, and administration of healthcare properties that are leased to physicians, hospitals, and healthcare delivery systems.
Shares of Michael Kors Holdings Ltd (NYSE:KORS), declined -3.54% to $40.27, during its last trading session.
Michael Kors Holdings Limited, declared that it plans to report its second quarter fiscal 2016 financial results on Wednesday, November 4, 2015, before the market opens. The Company also plans to hold a conference call to discuss its financial results the same day at 8:00 a.m. ET.
Michael Kors Holdings Limited engages in the design, marketing, distribution, and retailing of branded women’s apparel and accessories, and men’s apparel. The company operates in three segments: Retail, Wholesale, and Licensing.
Finally, Shares of People’s United Financial, Inc. (NASDAQ:PBCT), ended its last trade with 0.90% gain, and closed at $15.73.
Your ads will be inserted here by
Easy Plugin for AdSense.
Please go to the plugin admin page to
Paste your ad code OR
Suppress this ad slot.
People’s United Financial, stated net income of $68.4 million, or $0.23 per share, for the third quarter of 2015, contrast to $61.6 million, or $0.21 per share, for the third quarter of 2014, and $61.7 million, or $0.20 per share, for the second quarter of 2015.
Operating earnings were also $68.4 million, or $0.23 per share, for the third quarter of 2015, contrast to $63.0 million, or $0.21 per share, for the third quarter of 2014, and $63.7 million, or $0.21 per share, for the second quarter of 2015.
The Company’s Board of Directors declared a $0.1675 per share quarterly dividend, payable November 15, 2015 to shareholders of record on November 1, 2015. Based on the closing stock price on October 14, 2015, the dividend yield on People’s United Financial common stock is 4.4 percent.
People’s United Financial, Inc. operates as the bank holding company for People’s United Bank that provides commercial banking, retail banking, and wealth administration services to individual, corporate, and municipal customers.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
