Higher highs and higher lows have been racked up since mid-November. Company needs to come out with some news to support this move and give the stock some support to move back to previous highs. It seems we are overdue for a nice surprise. Today was a nice day on much higher than the 10 day average volume, despite the down market. Hope to add more below $14.75.
If DOC is able to execute on the strategy that they have laid out for 2016 then the stock will likely move a lot higher, or the yield will simply increase. I am looking to add a bit to my position and then really hit it hard if the stock gets swept down in a market sell off. It seems that management is hell bent on becoming a large cap and they may have a window of opportunity in 2016 to advance that plan quite a bit. The small cap status has set this company up for some strong upside surprises, but surprises or not, the current plan to expand properties this year is quite impressive on its own. Hard to doubt this group based on the short but impressive track record. If they are able to grow into a large cap there is quite a lot of upside from here and the payout should provide some downside support.