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Financial shares tumbled in pre-market trade Monday after a disappointing jobs report Friday.
In financial stocks news, Realty Income ( O ) shares were down 1.6% in recent pre-market trade after the real estate company said it has started an underwritten public offering of 5 million shares in conjunction with its inclusion in the S&P 500 Index, expected to occur after the close of trading n April 6.
Realty Income said it plans to use net proceeds to repay borrowings under its $1.5 billion acquisition credit facility, which is generally used to fund real estate acquisitions.
And, Physicians Realty Trust ( DOC ) declared a quarterly cash dividend of $0.225 per common share for the quarter ending March 31, 2015, which is in line with the previous dividend. The company said it has invested $234 million through nine acquisitions of 23 properties.
DOC trades in a 52-week range of $12.39 to $18.12 with shares having closed down slightly Friday at $17.62.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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