Physicians Realty Trust (NYSE:DOC) – Equities research analysts at Jefferies Group lowered their FY2018 earnings estimates for Physicians Realty Trust in a research report issued to clients and investors on Thursday, April 5th. Jefferies Group analyst O. Okusanya now expects that the real estate investment trust will earn $1.09 per share for the year, down from their prior forecast of $1.14. Jefferies Group also issued estimates for Physicians Realty Trust’s FY2019 earnings at $1.12 EPS and FY2020 earnings at $1.11 EPS.
Other equities analysts also recently issued reports about the company. Cantor Fitzgerald reiterated a “buy” rating and set a $18.00 price objective on shares of Physicians Realty Trust in a research report on Wednesday, February 28th. BMO Capital Markets set a $19.00 price objective on Physicians Realty Trust and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Bank of America reduced their price objective on Physicians Realty Trust from $19.50 to $18.00 and set a “buy” rating for the company in a research report on Thursday, March 8th. Royal Bank of Canada set a $18.00 price objective on Physicians Realty Trust and gave the stock a “buy” rating in a research report on Tuesday, March 6th. Finally, Robert W. Baird set a $17.00 target price on Physicians Realty Trust and gave the stock a “buy” rating in a research report on Friday, March 2nd. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Physicians Realty Trust presently has an average rating of “Buy” and a consensus price target of $18.46.
Shares of NYSE DOC opened at $15.36 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market cap of $2,797.26, a PE ratio of 14.77, a price-to-earnings-growth ratio of 3.03 and a beta of 0.46. Physicians Realty Trust has a 12-month low of $14.13 and a 12-month high of $21.85.
Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings data on Wednesday, February 28th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. The business 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 business’s revenue was up 32.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of Physicians Realty Trust by 0.8% in the fourth quarter. BlackRock Inc. now owns 16,452,920 shares of the real estate investment trust’s stock valued at $295,988,000 after buying an additional 128,853 shares in the last quarter. Cohen & Steers Inc. increased its holdings in shares of Physicians Realty Trust by 12.7% in the third quarter. Cohen & Steers Inc. now owns 12,946,213 shares of the real estate investment trust’s stock valued at $229,536,000 after buying an additional 1,458,455 shares in the last quarter. PGGM Investments increased its holdings in shares of Physicians Realty Trust by 69.0% in the fourth quarter. PGGM Investments now owns 4,604,000 shares of the real estate investment trust’s stock valued at $82,826,000 after buying an additional 1,880,000 shares in the last quarter. Brookfield Asset Management Inc. bought a new position in shares of Physicians Realty Trust in the fourth quarter valued at $70,764,000. Finally, Cbre Clarion Securities LLC bought a new position in shares of Physicians Realty Trust in the fourth quarter valued at $46,085,000. 94.05% of the stock is currently owned by institutional investors.
In other news, Director Tommy G. Thompson bought 13,650 shares of the business’s stock in a transaction on Tuesday, March 6th. The stock was purchased at an average cost of $14.71 per share, for a total transaction of $200,791.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.51% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Tuesday, April 3rd will be given a $0.23 dividend. The ex-dividend date is Monday, April 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 5.99%. Physicians Realty Trust’s dividend payout ratio (DPR) is 88.46%.
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About Physicians Realty Trust
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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