Sei Investments Co. lessened its holdings in shares of Physicians Realty Trust (NYSE:DOC) by 4.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 141,240 shares of the real estate investment trust’s stock after selling 6,282 shares during the period. Sei Investments Co. owned 0.08% of Physicians Realty Trust worth $2,198,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in DOC. Stratos Wealth Partners LTD. boosted its holdings in Physicians Realty Trust by 4,122.8% in the first quarter. Stratos Wealth Partners LTD. now owns 8,150 shares of the real estate investment trust’s stock valued at $127,000 after acquiring an additional 7,957 shares during the last quarter. Zeke Capital Advisors LLC bought a new position in Physicians Realty Trust in the fourth quarter valued at about $209,000. Cullen Frost Bankers Inc. bought a new position in Physicians Realty Trust in the first quarter valued at about $246,000. PNC Financial Services Group Inc. boosted its holdings in Physicians Realty Trust by 39.8% in the first quarter. PNC Financial Services Group Inc. now owns 16,052 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 4,567 shares during the last quarter. Finally, Xact Kapitalforvaltning AB bought a new position in Physicians Realty Trust in the fourth quarter valued at about $262,000. Institutional investors own 93.49% of the company’s stock.
Shares of Physicians Realty Trust opened at $16.04 on Friday, according to MarketBeat.com. 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 has a 1 year low of $14.13 and a 1 year high of $21.85. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 15.56, a P/E/G ratio of 3.39 and a beta of 0.46.
Physicians Realty Trust (NYSE:DOC) last issued its earnings results on Friday, May 4th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $105.20 million for the quarter, compared to the consensus estimate of $101.70 million. During the same quarter last year, the business posted $0.28 EPS. Physicians Realty Trust’s quarterly revenue was up 37.2% on a year-over-year basis. equities analysts predict that Physicians Realty Trust will post 1.09 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 18th. Shareholders of record on Tuesday, July 3rd will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date is Monday, July 2nd. Physicians Realty Trust’s dividend payout ratio (DPR) is currently 88.46%.
DOC has been the topic of several recent research reports. Morgan Stanley decreased their price target on Physicians Realty Trust from $18.00 to $16.50 and set an “equal weight” rating on the stock in a report on Tuesday, March 20th. BMO Capital Markets reiterated a “buy” rating and issued a $18.00 price target on shares of Physicians Realty Trust in a report on Monday, April 16th. Zacks Investment Research upgraded Physicians Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, April 3rd. Bank of America decreased their price target on Physicians Realty Trust from $19.50 to $18.00 and set a “buy” rating on the stock in a report on Thursday, March 8th. Finally, TheStreet cut Physicians Realty Trust from a “b-” rating to a “c” rating in a report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $17.96.
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.
Want to see what other hedge funds are holding DOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Physicians Realty Trust (NYSE:DOC).
Receive News & Ratings for Physicians Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Physicians Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.