Physicians Realty Trust (NYSE:DOC) had its price objective decreased by research analysts at Royal Bank of Canada from $18.00 to $17.00 in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the real estate investment trust’s stock. Royal Bank of Canada’s price target suggests a potential upside of 14.25% from the stock’s current price.
DOC has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Physicians Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Cantor Fitzgerald reissued a “buy” rating and issued a $18.00 price objective on shares of Physicians Realty Trust in a report on Wednesday, February 28th. Morgan Stanley cut their price objective on shares of Physicians Realty Trust from $18.00 to $16.50 and set an “equal weight” rating for the company in a report on Tuesday, March 20th. Bank of America cut their price objective on shares of Physicians Realty Trust from $19.50 to $18.00 and set a “buy” rating for the company in a report on Thursday, March 8th. Finally, SunTrust Banks set a $16.00 price objective on shares of Physicians Realty Trust and gave the company a “hold” rating in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. Physicians Realty Trust has a consensus rating of “Buy” and an average target price of $17.96.
Physicians Realty Trust opened at $14.88 on Thursday, according to MarketBeat Ratings. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 3.14 and a beta of 0.46. Physicians Realty Trust has a 12-month low of $14.13 and a 12-month high of $21.85.
Physicians Realty Trust (NYSE:DOC) last posted its quarterly earnings data on Friday, May 4th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.21). The business had revenue of $105.20 million during the quarter, compared to the consensus estimate of $101.70 million. Physicians Realty Trust had a net margin of 11.46% and a return on equity of 1.75%. The business’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. research analysts forecast that Physicians Realty Trust will post 1.1 EPS for the current fiscal year.
In other news, Director Tommy G. Thompson purchased 13,650 shares of the business’s stock in a transaction dated Tuesday, March 6th. The stock was bought at an average price of $14.71 per share, with a total value of $200,791.50. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.51% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in Physicians Realty Trust by 3.8% in the 1st quarter. Principal Financial Group Inc. now owns 9,378,395 shares of the real estate investment trust’s stock valued at $146,022,000 after purchasing an additional 347,580 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in Physicians Realty Trust by 112.6% in the 1st quarter. Xact Kapitalforvaltning AB now owns 30,962 shares of the real estate investment trust’s stock valued at $482,000 after purchasing an additional 16,400 shares during the last quarter. Legal & General Group Plc lifted its stake in Physicians Realty Trust by 13.6% in the 1st quarter. Legal & General Group Plc now owns 582,495 shares of the real estate investment trust’s stock valued at $9,069,000 after purchasing an additional 69,742 shares during the last quarter. Brookfield Asset Management Inc. lifted its stake in Physicians Realty Trust by 42.3% in the 1st quarter. Brookfield Asset Management Inc. now owns 5,598,800 shares of the real estate investment trust’s stock valued at $87,173,000 after purchasing an additional 1,665,300 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in Physicians Realty Trust in the 1st quarter valued at approximately $4,680,000. 93.22% of the stock is owned by institutional investors and hedge funds.
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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