Shares of Lloyds Banking Group PLC (ADR) (NYSE:LYG) ended Friday at $3.17 with 2.53 million shares getting traded. Post opening the session at $3.19, the shares hit an intraday low of $3.16 and an intraday high of $3.21 and the price vacillated in this range throughout the day. The company has a market cap of $56.75 billion and the numbers of outstanding shares have been calculated to be 71.37 billion shares.
LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It operates through its segments, including Retail, Commercial Banking, Consumer Finance and Insurance. Its Retail segment provides banking, mortgages and other financial services to personal and small business customers in the United Kingdom. Its Commercial Banking segment provides banking and related services to business clients, from small and medium-sized enterprises (SME) to large corporates. Its Consumer Finance segment provides a range of products, including motor finance, credit cards, and European mortgages and deposit taking. Its Insurance segment provides long-term savings, protection and investment products, as well as general insurance products in the United Kingdom.
Shares of Physicians Realty Trust (NYSE:DOC) ended Friday session in red amid volatile trading. The shares closed down -1.46 points or -6.72% at $20.27 with 2.54 million shares getting traded. Post opening the session at $21.44, the shares hit an intraday low of $20.14 and an intraday high of $21.51 and the price vacillated in this range throughout the day. The company has a market cap of $2.69 billion and the numbers of outstanding shares have been calculated to be 134.58 million shares.
Physicians Realty Trust (DOC) on August 3, 2016 announced results for the second quarter ended June 30, 2016.
Second Quarter Financial Results
Total revenue for the second quarter ended June 30, 2016 was $53.2 million, an increase of 79% from the same period in 2015. As of June 30, 2016, the portfolio was 95.7% leased. On a pro forma basis, if all of the 2016 second quarter acquisitions occurred on the first day of the second quarter, total quarterly revenue would have increased by an additional $19.0 million, to a pro forma total of $72.2 million.
Total expenses for the second quarter 2016 were $46.1 million, compared to $26.4 million in the second quarter 2015, or an increase of 74%. The increase in expenses was the result of a $9.4 million increase in depreciation and amortization, a $6.5 million increase in operating expenses, a $2.1 million increase in interest expenses, a $0.7 million increase in acquisition expenses, and a $0.9 million increase in general and administrative expenses. On a pro forma basis, if all of the 2016 second quarter acquisitions occurred on the first day of the second quarter, depreciation and amortization expense and operating expenses would have increased by an additional $6.4 million and $7.4 million, respectively.
Net income for the second quarter 2016 grew to $7.2 million, compared to net income of $3.3 million for the second quarter 2015.
Net income attributable to common shareholders for the second quarter 2016 was $6.5 million, or $0.05 per diluted share based on 135.9 million weighted average shares outstanding.