Physicians Realty Trust (NYSE:DOC) has been assigned a $20.00 price objective by stock analysts at Raymond James Financial in a research note issued on Thursday. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Raymond James Financial’s price target indicates a potential upside of 11.05% from the stock’s previous close.
A number of other research analysts have also issued reports on DOC. Zacks Investment Research lowered shares of Physicians Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 30th. Royal Bank Of Canada reiterated a “buy” rating and issued a $21.00 target price on shares of Physicians Realty Trust in a research note on Wednesday, November 15th. Jefferies Group upgraded shares of Physicians Realty Trust from an “underperform” rating to a “hold” rating and raised their target price for the company from $17.00 to $18.00 in a research note on Monday, August 21st. Cantor Fitzgerald raised their target price on shares of Physicians Realty Trust from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, November 7th. Finally, KeyCorp upgraded shares of Physicians Realty Trust from a “sector weight” rating to an “overweight” rating in a research report on Thursday, October 12th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $20.41.
Shares of Physicians Realty Trust (DOC) traded up $0.08 during trading hours on Thursday, hitting $18.01. 26,369 shares of the company traded hands, compared to its average volume of 1,448,859. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.46. The stock has a market cap of $3,210.00, a P/E ratio of 17.04, a PEG ratio of 2.79 and a beta of 0.54. Physicians Realty Trust has a fifty-two week low of $17.25 and a fifty-two week high of $21.85.
Physicians Realty Trust (NYSE:DOC) last released its earnings results on Friday, November 3rd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Physicians Realty Trust had a return on equity of 1.70% and a net margin of 11.39%. The company had revenue of $93.00 million during the quarter, compared to analysts’ expectations of $90.21 million. During the same quarter in the previous year, the company earned $0.27 EPS. The firm’s quarterly revenue was up 32.8% compared to the same quarter last year. sell-side analysts predict that Physicians Realty Trust will post 1.05 EPS for the current year.
In related 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 cost of $17.76 per share, for a total transaction of $100,059.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.51% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Physicians Realty Trust by 16.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,462 shares of the real estate investment trust’s stock valued at $191,000 after buying an additional 1,364 shares during the last quarter. Pinnacle Associates Ltd. acquired a new stake in Physicians Realty Trust during the 2nd quarter valued at approximately $205,000. Profund Advisors LLC increased its position in Physicians Realty Trust by 6.8% during the 2nd quarter. Profund Advisors LLC now owns 11,569 shares of the real estate investment trust’s stock valued at $233,000 after purchasing an additional 733 shares during the period. Teacher Retirement System of Texas increased its position in Physicians Realty Trust by 1.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 11,997 shares of the real estate investment trust’s stock valued at $242,000 after purchasing an additional 203 shares during the period. Finally, Veritable L.P. acquired a new stake in Physicians Realty Trust during the 2nd quarter valued at approximately $266,000. 94.90% of the stock is owned by institutional investors and hedge funds.
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.
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