Physicians Realty Trust (DOC) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Physicians Realty Trust (NYSE:DOC) from a sell rating to a hold rating in a research note released on Tuesday morning.

According to Zacks, “Physicians Realty Trust is a REIT. It is a self-managed healthcare real estate company engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company’s principal investments will include medical office buildings, outpatient treatment facilities, acute and post-acute care hospitals, as well as other real estate integral to healthcare providers. Physicians Realty Trust is based in Milwaukee, Wisconsin. “

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Several other research firms have also issued reports on DOC. Raymond James Financial set a $20.00 price target on shares of Physicians Realty Trust and gave the stock a buy rating in a research report on Thursday, December 7th. Robert W. Baird set a $17.00 price target on shares of Physicians Realty Trust and gave the stock a buy rating in a research report on Friday, March 2nd. Morgan Stanley decreased their price target on shares of Physicians Realty Trust from $18.00 to $16.50 and set an equal weight rating on the stock in a research report on Tuesday, March 20th. B. Riley set a $17.50 price target on shares of Physicians Realty Trust and gave the stock a buy rating in a research report on Thursday, March 1st. Finally, BMO Capital Markets set a $19.00 target price on shares of Physicians Realty Trust and gave the company a buy rating in a research report on Wednesday, February 28th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Physicians Realty Trust has an average rating of Buy and an average target price of $18.46.

NYSE DOC opened at $15.36 on Tuesday. 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 firm has a market capitalization of $2,797.26, a price-to-earnings ratio of 14.77, a P/E/G ratio of 3.03 and a beta of 0.46. 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 quarterly earnings results on Wednesday, February 28th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The company had revenue of $97.30 million for the quarter, compared to analyst estimates of $98.56 million. Physicians Realty Trust had a net margin of 11.04% and a return on equity of 1.63%. The business’s quarterly revenue was up 32.0% on a year-over-year basis. During the same period last year, the business posted $0.27 EPS. research analysts forecast that Physicians Realty Trust will post 1.12 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Tuesday, April 3rd will be given a dividend of $0.23 per share. The ex-dividend date is Monday, April 2nd. This represents a $0.92 annualized dividend and a dividend yield of 5.99%. Physicians Realty Trust’s dividend payout ratio (DPR) is currently 88.46%.

In other Physicians Realty Trust news, Director Tommy G. Thompson bought 13,650 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were acquired at an average cost of $14.71 per share, for a total transaction of $200,791.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.51% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. lifted its holdings in Physicians Realty Trust by 6.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 58,036 shares of the real estate investment trust’s stock valued at $1,044,000 after purchasing an additional 3,647 shares during the last quarter. Rehmann Capital Advisory Group bought a new position in Physicians Realty Trust during the 4th quarter valued at about $1,220,000. Xact Kapitalforvaltning AB bought a new position in Physicians Realty Trust during the 4th quarter valued at about $262,000. Brookfield Asset Management Inc. bought a new position in Physicians Realty Trust during the 4th quarter valued at about $70,764,000. Finally, MetLife Investment Advisors LLC bought a new position in Physicians Realty Trust during the 4th quarter valued at about $1,478,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

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Physicians Realty Trust Company Profile

Physicians Realty Trust is a self-managed healthcare real estate company organized to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company invests in real estate that is integral to providing high quality healthcare.

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Analyst Recommendations for Physicians Realty Trust (NYSE:DOC)

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