Financial Sector Update for 04/06/2015: O, DOC

Top Financial Stocks:

JPM: -1.27%

BAC: -1.09%

WFC: -1.03%

C: -1.00%

USB: flat

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.

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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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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