State of Alaska Department of Revenue Reduces Position in Physicians Realty Trust (DOC)

State of Alaska Department of Revenue lowered its stake in Physicians Realty Trust (NYSE:DOC) by 8.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,506 shares of the real estate investment trust’s stock after selling 5,691 shares during the quarter. State of Alaska Department of Revenue’s holdings in Physicians Realty Trust were worth $985,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DOC. Janus Henderson Group PLC boosted its holdings in Physicians Realty Trust by 58.5% in the second quarter. Janus Henderson Group PLC now owns 4,185,367 shares of the real estate investment trust’s stock worth $66,724,000 after purchasing an additional 1,545,022 shares during the last quarter. BlackRock Inc. boosted its holdings in Physicians Realty Trust by 6.4% in the second quarter. BlackRock Inc. now owns 17,459,820 shares of the real estate investment trust’s stock worth $278,311,000 after purchasing an additional 1,042,923 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Physicians Realty Trust by 32.8% in the second quarter. Wells Fargo & Company MN now owns 3,864,614 shares of the real estate investment trust’s stock worth $61,602,000 after purchasing an additional 954,426 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Physicians Realty Trust by 934.8% in the second quarter. Canada Pension Plan Investment Board now owns 877,500 shares of the real estate investment trust’s stock worth $13,987,000 after purchasing an additional 792,700 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Physicians Realty Trust by 49.1% in the second quarter. Victory Capital Management Inc. now owns 2,290,133 shares of the real estate investment trust’s stock worth $36,504,000 after purchasing an additional 753,762 shares during the last quarter. Institutional investors own 92.17% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Physicians Realty Trust from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Tuesday, October 16th. ValuEngine upgraded shares of Physicians Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, September 28th. KeyCorp increased their price target on shares of Physicians Realty Trust from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, September 10th. Morgan Stanley increased their price target on shares of Physicians Realty Trust from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 16th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $18.00 price target on shares of Physicians Realty Trust in a research report on Monday, August 13th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Physicians Realty Trust presently has an average rating of “Buy” and a consensus price target of $17.77.

DOC opened at $16.65 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.16 and a current ratio of 1.16. Physicians Realty Trust has a 1-year low of $14.13 and a 1-year high of $19.03. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 3.92 and a beta of 0.46.

Physicians Realty Trust (NYSE:DOC) last released its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.22). Physicians Realty Trust had a return on equity of 1.76% and a net margin of 11.02%. The business had revenue of $106.99 million during the quarter, compared to the consensus estimate of $104.60 million. During the same quarter in the previous year, the business posted $0.24 earnings per share. The firm’s revenue was up 39.7% on a year-over-year basis. On average, equities analysts anticipate that Physicians Realty Trust will post 1.09 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 18th. Shareholders of record on Wednesday, October 3rd were given a $0.23 dividend. The ex-dividend date was Tuesday, October 2nd. This represents a $0.92 annualized dividend and a yield of 5.53%. Physicians Realty Trust’s payout ratio is presently 88.46%.

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

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