Physicians Realty Trust (NYSE:DOC) Position Cut by Royal Bank of Canada

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Royal Bank of Canada decreased its position in shares of Physicians Realty Trust (NYSE:DOC) by 10.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 982,517 shares of the real estate investment trust’s stock after selling 119,469 shares during the quarter. Royal Bank of Canada owned approximately 0.54% of Physicians Realty Trust worth $15,297,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Teachers Advisors LLC lifted its holdings in Physicians Realty Trust by 140.0% during the 4th quarter. Teachers Advisors LLC now owns 748,524 shares of the real estate investment trust’s stock worth $13,466,000 after buying an additional 436,595 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of 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 period. Crawford Investment Counsel Inc. lifted its stake in shares of Physicians Realty Trust by 81.4% in the 1st quarter. Crawford Investment Counsel Inc. now owns 96,284 shares of the real estate investment trust’s stock valued at $1,499,000 after purchasing an additional 43,200 shares during the period. Rehmann Capital Advisory Group acquired a new position in shares of Physicians Realty Trust in the 4th quarter valued at $1,220,000. Finally, Driehaus Capital Management LLC acquired a new position in shares of Physicians Realty Trust in the 4th quarter valued at $3,225,000. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on DOC. ValuEngine raised Physicians Realty Trust from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 11th. Zacks Investment Research raised Physicians Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday. Cantor Fitzgerald restated a “buy” rating and issued a $18.00 price objective on shares of Physicians Realty Trust in a research report on Monday, May 7th. Royal Bank of Canada lowered their price objective on shares of Physicians Realty Trust from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, May 24th. Finally, Stifel Nicolaus cut shares of Physicians Realty Trust from a “buy” rating to a “hold” rating and lowered their price objective for the company from $18.00 to $17.00 in a research report on Tuesday, April 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $17.73.

Shares of NYSE DOC traded down $0.39 during mid-day trading on Friday, hitting $15.35. The company had a trading volume of 1,266,100 shares, compared to its average volume of 1,690,837. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 3.34 and a beta of 0.46. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.39 and a quick ratio of 1.39. Physicians Realty Trust has a one year low of $14.13 and a one year high of $19.07.

Physicians Realty Trust (NYSE:DOC) last announced its quarterly earnings data on Friday, May 4th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.21). Physicians Realty Trust had a net margin of 11.46% and a return on equity of 1.75%. The company had revenue of $105.20 million during the quarter, compared to the consensus estimate of $101.70 million. During the same quarter in the previous year, the business earned $0.28 EPS. Physicians Realty Trust’s revenue was up 37.2% on a year-over-year basis. sell-side analysts expect that Physicians Realty Trust will post 1.09 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 18th. Investors of record on Tuesday, July 3rd were paid a $0.23 dividend. The ex-dividend date was Monday, July 2nd. This represents a $0.92 annualized dividend and a yield of 5.99%. Physicians Realty Trust’s dividend payout ratio (DPR) is currently 88.46%.

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.

Read More: Diversification in Investing

Institutional Ownership by Quarter for Physicians Realty Trust (NYSE:DOC)

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