Physicians Realty Trust’s (DOC) Buy Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their buy rating on shares of Physicians Realty Trust (NYSE:DOC) in a research report sent to investors on Wednesday. Royal Bank Of Canada currently has a $21.00 price target on the real estate investment trust’s stock.

A number of other equities analysts have also recently commented on DOC. B. Riley reiterated a buy rating on shares of Physicians Realty Trust in a research report on Wednesday, November 1st. Cantor Fitzgerald lifted their target price on shares of Physicians Realty Trust from $20.00 to $21.00 and gave the stock an overweight rating in a research report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Physicians Realty Trust from a strong sell rating to a hold rating in a research report on Tuesday, August 8th. KeyCorp reiterated a hold rating on shares of Physicians Realty Trust in a research report on Tuesday, September 12th. Finally, Jefferies Group LLC reiterated a hold rating and issued a $19.00 target price (up previously from $18.00) on shares of Physicians Realty Trust in a research report on Friday, September 22nd. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $20.50.

Shares of Physicians Realty Trust (DOC) traded up $0.16 during trading hours on Wednesday, reaching $18.15. 1,248,019 shares of the company were exchanged, compared to its average volume of 1,474,853. The stock has a market cap of $3,250.00, a PE ratio of 17.32, a PEG ratio of 2.47 and a beta of 0.54. Physicians Realty Trust has a one year low of $17.25 and a one year high of $21.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.59 and a current ratio of 1.59.

Physicians Realty Trust (NYSE:DOC) last issued its earnings results on Friday, November 3rd. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The business had revenue of $93.00 million during the quarter, compared to analysts’ expectations of $90.21 million. Physicians Realty Trust had a return on equity of 1.70% and a net margin of 11.39%. Physicians Realty Trust’s revenue for the quarter was up 32.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 EPS. equities research analysts predict that Physicians Realty Trust will post 1.05 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 18th. Shareholders of record on Tuesday, October 3rd were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend was Monday, October 2nd. Physicians Realty Trust’s payout ratio is 400.00%.

In other news, insider Jeffrey Theiler acquired 5,634 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were purchased at an average price of $17.76 per share, for a total transaction of $100,059.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.51% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Physicians Realty Trust by 12.8% during the 2nd quarter. Vanguard Group Inc. now owns 26,712,583 shares of the real estate investment trust’s stock valued at $537,992,000 after purchasing an additional 3,033,019 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Physicians Realty Trust by 1.9% during the 2nd quarter. BlackRock Inc. now owns 14,519,268 shares of the real estate investment trust’s stock valued at $292,418,000 after purchasing an additional 271,896 shares in the last quarter. Cohen & Steers Inc. boosted its stake in shares of Physicians Realty Trust by 12.7% during the 3rd quarter. Cohen & Steers Inc. now owns 12,946,213 shares of the real estate investment trust’s stock valued at $229,536,000 after purchasing an additional 1,458,455 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Physicians Realty Trust by 2.9% during the 3rd quarter. Principal Financial Group Inc. now owns 8,975,689 shares of the real estate investment trust’s stock valued at $159,139,000 after purchasing an additional 250,054 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in shares of Physicians Realty Trust by 2.1% during the 2nd quarter. Lord Abbett & CO. LLC now owns 3,777,212 shares of the real estate investment trust’s stock valued at $76,073,000 after purchasing an additional 79,439 shares in the last quarter. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

About Physicians Realty Trust

Physicians Realty Trust (the Trust) is a real estate investment trust. Physicians Realty L.P. is the operating partnership of the Trust. The Trust and its operating partnership are engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems.

Analyst Recommendations for Physicians Realty Trust (NYSE:DOC)

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