Physicians Realty Trust to Post FY2018 Earnings of $1.11 Per Share, KeyCorp Forecasts (DOC)

Physicians Realty Trust (NYSE:DOC) – Research analysts at KeyCorp boosted their FY2018 earnings per share estimates for Physicians Realty Trust in a research note issued to investors on Sunday, December 2nd. KeyCorp analyst J. Sadler now expects that the real estate investment trust will post earnings per share of $1.11 for the year, up from their previous estimate of $1.09. KeyCorp has a “Buy” rating and a $18.00 price objective on the stock. KeyCorp also issued estimates for Physicians Realty Trust’s FY2019 earnings at $1.07 EPS.

Physicians Realty Trust (NYSE:DOC) last posted its quarterly earnings data on Friday, November 2nd. The real estate investment trust reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $105.03 million for the quarter, compared to analysts’ expectations of $103.70 million. Physicians Realty Trust had a net margin of 13.33% and a return on equity of 2.20%. The firm’s revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 EPS.

Several other equities research analysts have also recently commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Physicians Realty Trust in a research report on Monday, August 13th. Morgan Stanley boosted their price objective on shares of Physicians Realty Trust from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Thursday, August 16th. ValuEngine raised shares of Physicians Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, September 13th. B. Riley reaffirmed a “buy” rating on shares of Physicians Realty Trust in a research report on Monday, November 5th. Finally, Zacks Investment Research cut shares of Physicians Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $17.77.

DOC opened at $17.46 on Tuesday. The firm has a market capitalization of $3.25 billion, a P/E ratio of 16.79, a P/E/G ratio of 4.94 and a beta of 0.45. Physicians Realty Trust has a 12 month low of $14.13 and a 12 month high of $19.03. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.61.

A number of hedge funds have recently modified their holdings of the business. Belpointe Asset Management LLC acquired a new stake in Physicians Realty Trust in the 3rd quarter valued at $109,000. Vanguard Group Inc. increased its stake in Physicians Realty Trust by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 26,267,178 shares of the real estate investment trust’s stock valued at $442,864,000 after buying an additional 489,769 shares during the last quarter. Standard Life Aberdeen plc increased its stake in Physicians Realty Trust by 37.5% in the 3rd quarter. Standard Life Aberdeen plc now owns 2,385,603 shares of the real estate investment trust’s stock valued at $40,233,000 after buying an additional 651,019 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in Physicians Realty Trust by 1,571.6% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,649,447 shares of the real estate investment trust’s stock valued at $97,832,000 after buying an additional 1,550,770 shares during the last quarter. Finally, Penn Capital Management Co. Inc. acquired a new stake in Physicians Realty Trust in the 3rd quarter valued at $8,896,000. Hedge funds and other institutional investors own 93.77% 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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Earnings History and Estimates for Physicians Realty Trust (NYSE:DOC)

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