Westpac Banking Corp Cuts Holdings in Physicians Realty Trust (NYSE:DOC)

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Westpac Banking Corp decreased its position in shares of Physicians Realty Trust (NYSE:DOC) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 564,356 shares of the real estate investment trust’s stock after selling 9,137 shares during the period. Westpac Banking Corp owned approximately 0.30% of Physicians Realty Trust worth $9,842,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of DOC. Advisory Services Network LLC grew its position in Physicians Realty Trust by 23.9% in the first quarter. Advisory Services Network LLC now owns 3,124 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 602 shares in the last quarter. Comerica Bank grew its position in Physicians Realty Trust by 4.9% in the first quarter. Comerica Bank now owns 13,930 shares of the real estate investment trust’s stock worth $260,000 after acquiring an additional 657 shares in the last quarter. Rhumbline Advisers grew its position in Physicians Realty Trust by 0.3% in the first quarter. Rhumbline Advisers now owns 291,807 shares of the real estate investment trust’s stock worth $5,489,000 after acquiring an additional 974 shares in the last quarter. Commonwealth Equity Services LLC grew its position in Physicians Realty Trust by 3.6% in the second quarter. Commonwealth Equity Services LLC now owns 31,213 shares of the real estate investment trust’s stock worth $544,000 after acquiring an additional 1,081 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its position in Physicians Realty Trust by 5.6% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 20,900 shares of the real estate investment trust’s stock worth $393,000 after acquiring an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Shares of NYSE:DOC traded up $0.14 during trading hours on Thursday, hitting $17.24. 16,564 shares of the company’s stock traded hands, compared to its average volume of 1,223,638. Physicians Realty Trust has a 1 year low of $15.18 and a 1 year high of $19.16. The firm has a fifty day simple moving average of $17.27. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 15.92 and a beta of 0.46. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.66.

Physicians Realty Trust (NYSE:DOC) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.22). Physicians Realty Trust had a net margin of 12.61% and a return on equity of 2.11%. The business had revenue of $94.90 million for the quarter, compared to analysts’ expectations of $105.92 million. During the same quarter last year, the firm earned $0.28 EPS. The firm’s quarterly revenue was down 11.3% on a year-over-year basis. On average, analysts predict that Physicians Realty Trust will post 1.05 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, July 3rd were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, July 2nd. This represents a $0.92 annualized dividend and a dividend yield of 5.34%. Physicians Realty Trust’s dividend payout ratio (DPR) is presently 85.19%.

In other Physicians Realty Trust news, insider John T. Thomas sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $17.50, for a total transaction of $87,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 20,000 shares of company stock valued at $353,800 in the last 90 days. Company insiders own 0.62% of the company’s stock.

DOC has been the subject of several recent research reports. Zacks Investment Research lowered Physicians Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday. Citigroup initiated coverage on Physicians Realty Trust in a research report on Thursday, June 20th. They issued a “neutral” rating and a $18.50 price target for the company. BMO Capital Markets lowered Physicians Realty Trust from an “outperform” rating to a “market perform” rating and set a $17.45 price target for the company. in a research report on Tuesday, May 7th. TheStreet lowered Physicians Realty Trust from a “b-” rating to a “c+” rating in a research report on Friday, August 9th. Finally, Capital One Financial lowered Physicians Realty Trust from an “overweight” rating to an “equal weight” rating and set a $18.75 target price for the company. in a research report on Thursday, May 2nd. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Physicians Realty Trust presently has an average rating of “Hold” and an average target price of $18.45.

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.

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

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