Stock To Watch: DaVita Inc. (DVA)

Primary Health Properties Posts Pretax Loss In FY – Quick Facts

Primary Health Properties plc (PHP.L) reported a loss before tax of 70.2 million pounds for the year ended 31 December 2019 compared to profit of 74.3 million pounds, prior year. Loss per share was 6.5 pence compared to profit of 9.8 pence. Excluding MedicX exceptional adjustments, profit before tax was 75.9 million pounds compared to 74.3 million pounds, previous year.

For the fiscal year, EPRA earnings per share was 4.7 pence compared to 5.2 pence. Adjusted EPRA earnings improved 62.2% to 59.7 million pounds. Adjusted EPRA earnings per share was 5.4 pence compared to 5.2 pence. Excluding the impact of the MedicX merger, recurring adjusted EPRA earnings increased 19.8% to 44.1 million pounds.

Fiscal year net rental income increased to 115.7 million pounds from 76.4 million pounds, last year.

The company distributed a total of 5.6 pence per share in the year to 31 December 2019, an increase of 3.7% above last year. The company intends to maintain its strategy of paying a progressive dividend.

Union Investment to buy property firm Logistrial after failed IPO

FRANKFURT (Reuters) – German fund manager Union Investment is buying Logistrial for 800 million euros ($872 million) after a failed stock market listing of the commercial property firm in autumn.

Logistrial’s portfolio of 13 existing logistics properties and six project developments will supplement Union Investment’s 25 such properties worth 1.2 billion euros. They will be put into retail funds UniImmo Europa und UniImmo Global.

Union is buying Logistrial from Garbe Industrial Real Estate.

Money FM Podcast: Options for drivers who go car-less

TAP/CLICK TO LISTEN: Workday Afternoon: Options for drivers who go car-less

15:52 mins

Synopsis: Chasing Cars explores the option of going car-less, when it comes to private hire, car-sharing, and short term lease possibilities.

Produced by: Claressa Monteiro of Workday Afternoon on MoneyFM 89.3

Feedback to: [email protected]  

Discover more ST & BT podcasts: http://str.sg/stbtpodcasts

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Trump Attacks Mike Bloomberg, Doesn’t Seem To Realize He Wasn’t Running

President Donald Trump on Tuesday night attacked former New York Mayor Mike Bloomberg for having a “very bad night” as the New Hampshire Democratic primary results came rolling in.

Just one problem: Bloomberg wasn’t even on the ballot.

Sen. Bernie Sanders (I-Vt.) eventually won a plurality in the Granite State, with former South Bend, Indiana, Mayor Pete Buttigieg coming in a close second, followed by Sen. Amy Klobuchar (D-Minn.).  

Trump tweeted: 

Bloomberg is focusing on the March 3 “Super Tuesday” primary states and was not on the ballot in either New Hampshire or last week’s caucuses in Iowa. 

However, he did win an unusual victory of sorts in the unincorporated New Hampshire community of Dixville Notch, which traditionally votes at midnight and tallies the results immediately. 

There were just five ballots cast. 

Bloomberg won the lone GOP vote, and two of the four on the Democratic side, both via write-in ― giving him a victory in both parties in the remote community. 

Stock Alert: Everest Re Group Ltd. (RE) Shares Hit 52-Week High On Upbeat Q4

Shares of Everest Re Group Ltd. (RE) touched a 52-week high of $294.31 on Feb. 11, and closed Tuesday’s trading session at $291.64, up $5.76 or 2.01%. The stock has been trading between $208.01 and $294.31 in the past one year. Trading volume increased to 401K versus an average volume of 244K shares.

The company reported Q4 net income of $217.6 million or $5.32 per share compared to a loss of $385.3 million or $9.58 per share last year.

After-tax operating income was $130.8 million or $3.20 per share compared to an after-tax operating loss of $236.9 million or $5.89 per share incurred in the prior year period.

Analysts polled by Thomson Reuters expected earnings of $2.64 per share for the quarter. Analysts’ estimate typically exclude certain special items.

Total revenues amounted to $2.21 billion, higher than the previous year’s revenue of $1.79 billion.

Stock To Watch: DaVita Inc. (DVA)

Shares of DaVita (DVA) touched a 52-week high of $89.65 on Feb. 11, and closed Tuesday’s trading session at $88.50, up $5.75 or 6.95%. The stock has been trading in a range of $43.40 – $89.65 in the past one year. Trading volume soared to 3.18 million versus an average volume of 1.28 million shares.

On Feb. 11, the company raised its fiscal 2020 guidance, while reporting upbeat Q4 profit.

For 2020, the company now projects adjusted net income from continuing operations of $5.75 – $6.25 per share, revised from prior guidance range of $5.25 – $5.75 per share. Revenue is targeted in the range of $11.50 billion – $11.70 billion. Analysts polled by Thomson Reuters expect earnings of $5.57 per share on revenue of $11.56 billion. Analysts’ estimates typically exclude certain special items.

Fourth-quarter income from continuing operations was $242 million or $1,86 per share versus $160 million or $0.96 per share last year. Adjusted income from cont. ops. was $242 million or $1.86 per share, higher than the prior year’s $149 million or $0.90 per share. Total revenues were $2.90 billion compared to $2.82 billion, last year. Wall Street analysts expected earnings of $1.66 per share and revenue of $2.92 billion for the quarter.

Total U.S. dialysis treatments for the fourth quarter were 7,681,462, or an average of 96,744 treatments per day, a per day increase of 1.7% over the fourth quarter of 2018.

The Denver, Colorado based company provides kidney dialysis services for patients suffering from chronic kidney failure or end stage renal disease (ESRD).