California Public Employees Retirement System boosted its holdings in Physicians Realty Trust (NYSE:DOC) by 5.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 202,794 shares of the real estate investment trust’s stock after purchasing an additional 10,486 shares during the quarter. California Public Employees Retirement System owned approximately 0.11% of Physicians Realty Trust worth $3,648,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Teacher Retirement System of Texas boosted its stake in Physicians Realty Trust by 319.6% in the 4th quarter. Teacher Retirement System of Texas now owns 61,380 shares of the real estate investment trust’s stock worth $1,104,000 after purchasing an additional 46,753 shares during the period. Cypress Wealth Services LLC bought a new position in Physicians Realty Trust in the 4th quarter worth approximately $180,000. Greenwood Capital Associates LLC bought a new position in Physicians Realty Trust in the 4th quarter worth approximately $194,000. SeaCrest Wealth Management LLC bought a new position in Physicians Realty Trust in the 4th quarter worth approximately $557,000. Finally, US Bancorp DE boosted its stake in Physicians Realty Trust by 5.6% in the 4th quarter. US Bancorp DE now owns 59,473 shares of the real estate investment trust’s stock worth $1,070,000 after purchasing an additional 3,149 shares during the period. Institutional investors and hedge funds own 94.06% of the company’s stock.
In related news, Director Tommy G. Thompson purchased 13,650 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were bought at an average price of $14.71 per share, for a total transaction of $200,791.50. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.51% of the stock is currently owned by corporate insiders.
DOC has been the subject of several recent analyst reports. Zacks Investment Research downgraded Physicians Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. Raymond James Financial set a $20.00 price target on Physicians Realty Trust and gave the stock a “buy” rating in a research note on Thursday, December 7th. Robert W. Baird set a $17.00 price target on Physicians Realty Trust and gave the stock a “buy” rating in a research note on Friday, March 2nd. B. Riley set a $17.50 price target on Physicians Realty Trust and gave the stock a “buy” rating in a research note on Thursday, March 1st. Finally, BMO Capital Markets set a $19.00 price target on Physicians Realty Trust and gave the stock a “buy” rating in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $18.64.
Physicians Realty Trust (NYSE DOC) opened at $15.17 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $2,744.55, a P/E ratio of 68.96, a PEG ratio of 2.96 and a beta of 0.53. Physicians Realty Trust has a 52-week low of $14.13 and a 52-week high of $21.85.
Physicians Realty Trust (NYSE:DOC) last posted its earnings results on Wednesday, February 28th. The real estate investment trust reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. The firm had revenue of $97.30 million during the quarter, compared to the consensus estimate of $98.56 million. Physicians Realty Trust had a return on equity of 1.63% and a net margin of 11.04%. The company’s quarterly revenue was up 32.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. sell-side analysts predict that Physicians Realty Trust will post 1.13 earnings per share for the current fiscal year.
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Physicians Realty Trust Company Profile
Physicians Realty Trust (the Trust) is a real estate investment trust. Physicians Realty L.P. is the operating partnership of the Trust. The Trust and its operating partnership are engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems.
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