Zacks Investment Research lowered shares of Physicians Realty Trust (NYSE:DOC) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.
According to Zacks, “Physicians Realty Trust is a REIT. It is a self-managed healthcare real estate company engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company’s principal investments will include medical office buildings, outpatient treatment facilities, acute and post-acute care hospitals, as well as other real estate integral to healthcare providers. Physicians Realty Trust is based in Milwaukee, Wisconsin. “
DOC has been the subject of several other research reports. ValuEngine upgraded Physicians Realty Trust from a sell rating to a hold rating in a research report on Friday, September 28th. Capital One Financial upgraded Physicians Realty Trust from an equal weight rating to an overweight rating in a report on Friday, August 3rd. B. Riley reiterated a buy rating on shares of Physicians Realty Trust in a report on Monday. Royal Bank of Canada reiterated a buy rating and issued a $18.00 price target on shares of Physicians Realty Trust in a report on Tuesday, August 7th. Finally, Morgan Stanley boosted their price target on Physicians Realty Trust from $15.00 to $16.00 and gave the company an equal weight rating in a report on Thursday, August 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $17.77.
Shares of NYSE:DOC opened at $16.67 on Tuesday. Physicians Realty Trust has a 1 year low of $14.13 and a 1 year high of $19.03. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 3.85 and a beta of 0.40. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.63.
Physicians Realty Trust (NYSE:DOC) last announced its earnings results on Friday, November 2nd. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. Physicians Realty Trust had a return on equity of 2.19% and a net margin of 13.33%. The business had revenue of $105.03 million during the quarter, compared to analyst estimates of $103.70 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. Analysts anticipate that Physicians Realty Trust will post 1.09 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 18th. Investors of record on Wednesday, October 3rd were issued a $0.23 dividend. The ex-dividend date was Tuesday, October 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.52%. Physicians Realty Trust’s payout ratio is 88.46%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake 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 buying an additional 1,042,923 shares in the last quarter. Principal Financial Group Inc. raised its stake in Physicians Realty Trust by 3.8% in the first quarter. Principal Financial Group Inc. now owns 9,378,395 shares of the real estate investment trust’s stock worth $146,022,000 after buying an additional 347,580 shares in the last quarter. Janus Henderson Group PLC raised its stake 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 buying an additional 1,545,022 shares in the last quarter. Wells Fargo & Company MN raised its stake 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 buying an additional 954,426 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Physicians Realty Trust by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,744,066 shares of the real estate investment trust’s stock worth $43,741,000 after buying an additional 124,994 shares in the last quarter. Hedge funds and other institutional investors own 92.38% of the company’s stock.
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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