Atlantic Union Bankshares Corp lowered its position in Physicians Realty Trust (NYSE:DOC) by 13.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,475 shares of the real estate investment trust’s stock after selling 5,000 shares during the period. Atlantic Union Bankshares Corp’s holdings in Physicians Realty Trust were worth $616,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allred Capital Management LLC acquired a new position in Physicians Realty Trust in the 4th quarter valued at $29,000. State of Alaska Department of Revenue raised its stake in Physicians Realty Trust by 250.7% in the 4th quarter. State of Alaska Department of Revenue now owns 53,500 shares of the real estate investment trust’s stock valued at $1,013,000 after purchasing an additional 38,246 shares during the last quarter. Pensionfund DSM Netherlands raised its stake in Physicians Realty Trust by 21.5% in the 4th quarter. Pensionfund DSM Netherlands now owns 113,000 shares of the real estate investment trust’s stock valued at $2,140,000 after purchasing an additional 20,000 shares during the last quarter. Evoke Wealth LLC acquired a new position in Physicians Realty Trust in the 3rd quarter valued at $32,000. Finally, Millennium Management LLC acquired a new position in Physicians Realty Trust in the 3rd quarter valued at $3,353,000. Hedge funds and other institutional investors own 90.65% of the company’s stock.
In related news, CEO John T. Thomas sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $18.48, for a total transaction of $92,400.00. Following the completion of the transaction, the chief executive officer now directly owns 285,500 shares in the company, valued at approximately $5,276,040. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey Theiler bought 4,150 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were purchased at an average price of $18.19 per share, with a total value of $75,488.50. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 10,253 shares of company stock valued at $187,926 and have sold 15,000 shares valued at $280,500. Corporate insiders own 0.62% of the company’s stock.
Several research firms recently commented on DOC. TheStreet raised Physicians Realty Trust from a “c+” rating to a “b-” rating in a research note on Friday, November 8th. Morgan Stanley reduced their price objective on Physicians Realty Trust from $19.00 to $17.50 and set an “equal weight” rating for the company in a research note on Tuesday, September 17th. Citigroup raised Physicians Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $18.50 to $21.00 in a research note on Thursday, December 12th. Bank of America assumed coverage on Physicians Realty Trust in a research note on Monday, October 14th. They issued a “neutral” rating for the company. Finally, B. Riley restated a “buy” rating on shares of Physicians Realty Trust in a report on Friday, November 8th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Physicians Realty Trust presently has a consensus rating of “Hold” and an average target price of $19.34.
Shares of NYSE:DOC opened at $18.95 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.66. The business has a fifty day moving average of $18.78 and a two-hundred day moving average of $17.91. The stock has a market cap of $3.48 billion, a P/E ratio of 17.55, a PEG ratio of 13.69 and a beta of 0.41. Physicians Realty Trust has a 52-week low of $16.21 and a 52-week high of $19.34.
Physicians Realty Trust (NYSE:DOC) last released its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18). The business had revenue of $107.59 million for the quarter, compared to analysts’ expectations of $105.01 million. Physicians Realty Trust had a return on equity of 1.79% and a net margin of 10.61%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.28 earnings per share. On average, equities analysts anticipate that Physicians Realty Trust will post 1 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date of this dividend is Thursday, January 2nd. Physicians Realty Trust’s dividend payout ratio is presently 85.19%.
Physicians Realty Trust 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.
See Also: Why are analyst ratings important in trading stocks?
Receive News & Ratings for Physicians Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Physicians Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.