Physicians Realty Trust (DOC) Holdings Trimmed by Atlantic Trust Group LLC

Atlantic Trust Group LLC reduced its stake in Physicians Realty Trust (NYSE:DOC) by 29.5% during the 1st quarter, Holdings Channel reports. The fund owned 16,239 shares of the real estate investment trust’s stock after selling 6,805 shares during the quarter. Atlantic Trust Group LLC’s holdings in Physicians Realty Trust were worth $253,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Legal & General Group Plc lifted its holdings in shares of Physicians Realty Trust by 13.6% in the 1st quarter. Legal & General Group Plc now owns 582,495 shares of the real estate investment trust’s stock worth $9,069,000 after acquiring an additional 69,742 shares during the last quarter. Brookfield Asset Management Inc. lifted its holdings in shares of Physicians Realty Trust by 42.3% in the 1st quarter. Brookfield Asset Management Inc. now owns 5,598,800 shares of the real estate investment trust’s stock worth $87,173,000 after acquiring an additional 1,665,300 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Physicians Realty Trust in the 1st quarter worth approximately $4,680,000. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Physicians Realty Trust by 61.7% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 222,083 shares of the real estate investment trust’s stock worth $3,458,000 after acquiring an additional 84,765 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Physicians Realty Trust in the 1st quarter worth approximately $271,000. Hedge funds and other institutional investors own 93.73% of the company’s stock.

Several brokerages have recently commented on DOC. Royal Bank of Canada decreased their price objective on shares of Physicians Realty Trust from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, May 24th. Cantor Fitzgerald restated a “buy” rating and issued a $18.00 price objective on shares of Physicians Realty Trust in a report on Monday, May 7th. Zacks Investment Research lowered shares of Physicians Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. ValuEngine lowered shares of Physicians Realty Trust from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. Finally, BMO Capital Markets restated a “buy” rating and issued a $18.00 price objective on shares of Physicians Realty Trust in a report on Tuesday, March 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. Physicians Realty Trust has a consensus rating of “Buy” and an average price target of $17.96.

Shares of DOC opened at $15.48 on Tuesday. Physicians Realty Trust has a fifty-two week low of $14.13 and a fifty-two week high of $20.41. The company has a market cap of $2.90 billion, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 3.37 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 earnings per share for the quarter, missing the 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 analysts’ expectations of $101.70 million. During the same period in the previous year, the company earned $0.28 earnings per share. Physicians Realty Trust’s quarterly revenue was up 37.2% on a year-over-year basis. research analysts forecast that Physicians Realty Trust will post 1.09 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 18th. Investors of record on Tuesday, July 3rd will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 5.94%. The ex-dividend date is Monday, July 2nd. Physicians Realty Trust’s payout ratio is currently 88.46%.

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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Institutional Ownership by Quarter for Physicians Realty Trust (NYSE:DOC)

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