Physicians Realty Trust (NYSE:DOC) has been given a $17.00 price objective by research analysts at Royal Bank of Canada in a research note issued on Thursday. The firm presently has a “buy” rating on the real estate investment trust’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 14.56% from the stock’s previous close.
DOC has been the topic of several other reports. SunTrust Banks set a $16.00 target price on shares of Physicians Realty Trust and gave the stock a “hold” rating in a report on Wednesday, February 28th. Zacks Investment Research cut shares of Physicians Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Bank of America lowered their target price on shares of Physicians Realty Trust from $19.50 to $18.00 and set a “buy” rating on the stock in a report on Thursday, March 8th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $18.00 target price on shares of Physicians Realty Trust in a report on Wednesday, February 28th. Finally, TheStreet cut shares of Physicians Realty Trust from a “b-” rating to a “c” rating in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $17.96.
Shares of Physicians Realty Trust traded down $0.08, hitting $14.84, during mid-day trading on Thursday, according to Marketbeat Ratings. 20,483 shares of the company’s stock were exchanged, compared to its average volume of 1,558,410. Physicians Realty Trust has a 52 week low of $14.13 and a 52 week high of $21.85. The stock has a market capitalization of $2.66 billion, a PE ratio of 14.26, a P/E/G ratio of 3.08 and a beta of 0.46. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63.
Physicians Realty Trust (NYSE:DOC) last announced its earnings results on Friday, May 4th. The real estate investment trust reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.21). Physicians Realty Trust had a return on equity of 1.75% and a net margin of 11.46%. The business had revenue of $105.20 million for the quarter, compared to the consensus estimate of $101.70 million. During the same period in the prior year, the business posted $0.28 earnings per share. The firm’s revenue for the quarter was up 37.2% compared to the same quarter last year. equities research analysts predict that Physicians Realty Trust will post 1.1 earnings per share for the current fiscal year.
In other news, Director Tommy G. Thompson acquired 13,650 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were acquired at an average cost of $14.71 per share, with a total value of $200,791.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.51% of the company’s stock.
A number of large investors have recently made changes to their positions in DOC. Afam Capital Inc. boosted its stake in Physicians Realty Trust by 13.0% in the fourth quarter. Afam Capital Inc. now owns 127,404 shares of the real estate investment trust’s stock valued at $2,292,000 after acquiring an additional 14,688 shares during the last quarter. Swiss National Bank boosted its position in Physicians Realty Trust by 1.9% in the 4th quarter. Swiss National Bank now owns 302,706 shares of the real estate investment trust’s stock worth $5,446,000 after purchasing an additional 5,700 shares in the last quarter. Teacher Retirement System of Texas boosted its position 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 in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Physicians Realty Trust by 6.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 868,856 shares of the real estate investment trust’s stock worth $15,631,000 after purchasing an additional 52,216 shares in the last quarter. Finally, Cbre Clarion Securities LLC purchased a new stake in Physicians Realty Trust in the 4th quarter worth approximately $46,085,000. 93.22% of the stock is currently owned by institutional investors and hedge funds.
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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