Sit Investment Associates Inc. lessened its stake in Physicians Realty Trust (NYSE:DOC) by 21.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 594,050 shares of the real estate investment trust’s stock after selling 162,864 shares during the quarter. Sit Investment Associates Inc.’s holdings in Physicians Realty Trust were worth $11,174,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Natixis Advisors L.P. increased its holdings in shares of Physicians Realty Trust by 1.9% in the fourth quarter. Natixis Advisors L.P. now owns 31,316 shares of the real estate investment trust’s stock worth $501,000 after acquiring an additional 577 shares in the last quarter. Comerica Bank grew its holdings in shares of Physicians Realty Trust by 4.9% during the first quarter. Comerica Bank now owns 13,930 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 657 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Physicians Realty Trust by 0.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 157,393 shares of the real estate investment trust’s stock worth $2,523,000 after buying an additional 958 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Physicians Realty Trust by 0.3% during the first quarter. Rhumbline Advisers now owns 291,807 shares of the real estate investment trust’s stock worth $5,489,000 after buying an additional 974 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Physicians Realty Trust by 5.6% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 20,900 shares of the real estate investment trust’s stock worth $393,000 after buying an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 95.92% of the company’s stock.
DOC has been the subject of a number of research reports. BMO Capital Markets downgraded Physicians Realty Trust from an “outperform” rating to a “market perform” rating and set a $17.45 price objective for the company. in a report on Tuesday, May 7th. Zacks Investment Research upgraded Physicians Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Morgan Stanley set a $19.00 price objective on Physicians Realty Trust and gave the stock a “hold” rating in a report on Thursday, March 28th. Finally, Capital One Financial downgraded Physicians Realty Trust from an “overweight” rating to an “equal weight” rating and set a $18.75 price objective for the company. in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Physicians Realty Trust has an average rating of “Hold” and a consensus target price of $18.12.
NYSE DOC traded up $0.06 during trading hours on Friday, hitting $18.23. 7,399 shares of the company traded hands, compared to its average volume of 1,146,939. Physicians Realty Trust has a twelve month low of $14.85 and a twelve month high of $19.16. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market capitalization of $3.35 billion, a PE ratio of 16.86 and a beta of 0.55.
Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Physicians Realty Trust had a net margin of 13.34% and a return on equity of 2.28%. The company had revenue of $105.40 million for the quarter, compared to analyst estimates of $104.27 million. During the same period last year, the company posted $0.26 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. As a group, research analysts forecast that Physicians Realty Trust will post 1.06 EPS for the current year.
In other news, insider John T. Thomas sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $18.26, for a total value of $91,300.00. Following the completion of the sale, the insider now directly owns 311,251 shares of the company’s stock, valued at $5,683,443.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.62% of the company’s stock.
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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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