Pick Up This Cheap 5.4% Yield Dividend Stock Even Lower Than Senior VP & General Counsel Page Did

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on September 6, Physicians Realty Trust's Senior VP & General Counsel, Bradley D. Page, invested $74,779.10 into 4,330 shares of DOC, for a cost per share of $17.27. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Wednesday, bargain hunters could buy shares of Physicians Realty Trust (Symbol: DOC) and achieve a cost basis even cheaper than Page, with shares changing hands as low as $17.16 per share. Physicians Realty Trust shares are currently trading up about 0.9% on the day. The chart below shows the one year performance of DOC shares, versus its 200 day moving average:

Physicians Realty Trust Chart

Looking at the chart above, DOC's low point in its 52 week range is $15.18 per share, with $19.16 as the 52 week high point — that compares with a last trade of $17.25. By comparison, below is a table showing the prices at which DOC insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
09/06/2019 Bradley D. Page Senior VP & General Counsel 4,330 $17.27 $74,779.10

The current annualized dividend paid by Physicians Realty Trust is $0.92/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 07/02/2019. Below is a long-term dividend history chart for DOC, which can be of good help in judging whether the most recent dividend with approx. 5.4% annualized yield is likely to continue.


Click here to find out which 9 other dividend bargains you can buy cheaper than insiders »

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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