Analysts Set Physicians Realty Trust (NYSE:DOC) Price Target at $19.67


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Shares of Physicians Realty Trust (NYSE:DOC) have earned an average recommendation of “Hold” from the sixteen brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $19.67.

Several equities analysts have recently commented on DOC shares. Royal Bank of Canada cut shares of Physicians Realty Trust from an “outperform” rating to a “sector perform” rating and set a $20.00 price target on the stock. in a report on Wednesday, November 11th. Colliers Securities assumed coverage on shares of Physicians Realty Trust in a report on Wednesday, September 9th. They issued a “buy” rating and a $22.00 price objective for the company. ValuEngine cut shares of Physicians Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 17th. Morgan Stanley upped their price objective on shares of Physicians Realty Trust from $14.00 to $16.00 and gave the stock an “equal weight” rating in a report on Friday, December 11th. Finally, Zacks Investment Research upgraded shares of Physicians Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, November 11th.

Physicians Realty Trust stock opened at $17.80 on Wednesday. The company’s fifty day simple moving average is $17.93 and its 200-day simple moving average is $17.87. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.50. Physicians Realty Trust has a 12 month low of $11.01 and a 12 month high of $20.78. The stock has a market cap of $3.71 billion, a P/E ratio of 40.46, a P/E/G ratio of 2.68 and a beta of 0.76.

Physicians Realty Trust (NYSE:DOC) last posted its quarterly earnings results on Friday, November 6th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.19). Physicians Realty Trust had a net margin of 20.65% and a return on equity of 3.37%. The company had revenue of $109.60 million for the quarter, compared to analysts’ expectations of $108.84 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. On average, equities research analysts expect that Physicians Realty Trust will post 1.05 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 20th. Shareholders of record on Tuesday, January 5th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date is Monday, January 4th. Physicians Realty Trust’s dividend payout ratio is 92.93%.

Institutional investors have recently added to or reduced their stakes in the business. Chiron Capital Management LLC acquired a new position in Physicians Realty Trust during the 3rd quarter worth $25,000. Spirit of America Management Corp NY acquired a new position in shares of Physicians Realty Trust during the third quarter valued at about $27,000. CI Investments Inc. acquired a new position in shares of Physicians Realty Trust during the third quarter valued at about $28,000. Private Advisor Group LLC acquired a new position in shares of Physicians Realty Trust during the second quarter valued at about $29,000. Finally, Harbor Investment Advisory LLC raised its position in shares of Physicians Realty Trust by 102.4% during the third quarter. Harbor Investment Advisory LLC now owns 2,299 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 1,163 shares during the last quarter. 83.76% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Physicians Realty Trust (NYSE:DOC)

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