Physicians Realty Trust (NYSE:DOC) Price Target Raised to $21.00

Physicians Realty Trust (NYSE:DOC) had its price objective lifted by research analysts at Cantor Fitzgerald from $20.00 to $21.00 in a report issued on Tuesday, November 7th. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Cantor Fitzgerald’s target price points to a potential upside of 13.82% from the company’s previous close. Cantor Fitzgerald also issued estimates for Physicians Realty Trust’s FY2017 earnings at $1.06 EPS and FY2018 earnings at $1.21 EPS.

DOC has been the subject of a number of other research reports. Zacks Investment Research upgraded Physicians Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 8th. KeyCorp restated a “hold” rating on shares of Physicians Realty Trust in a research note on Tuesday, September 12th. Jefferies Group LLC restated a “hold” rating and issued a $19.00 target price (up previously from $18.00) on shares of Physicians Realty Trust in a research note on Friday, September 22nd. Stifel Nicolaus restated a “buy” rating and issued a $22.00 target price on shares of Physicians Realty Trust in a research note on Wednesday, October 4th. Finally, Capital One Financial Corporation began coverage on Physicians Realty Trust in a research note on Monday, September 25th. They issued an “equal weight” rating and a $19.50 target price for the company. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $20.50.

Physicians Realty Trust (NYSE DOC) traded up $0.09 during midday trading on Tuesday, reaching $18.45. The company’s stock had a trading volume of 545,241 shares, compared to its average volume of 1,120,000. Physicians Realty Trust has a 1-year low of $17.25 and a 1-year high of $21.85. 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 $3,310.00, a PE ratio of 17.57, a P/E/G ratio of 2.68 and a beta of 0.54.

Physicians Realty Trust (NYSE:DOC) last released its quarterly earnings data on Friday, November 3rd. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $93.00 million during the quarter, compared to analysts’ expectations of $90.21 million. During the same quarter last year, the business posted $0.27 EPS. The company’s quarterly revenue was up 32.8% compared to the same quarter last year. equities analysts forecast 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 stock in a transaction on Wednesday, November 8th. The stock was acquired at an average price of $17.76 per share, for a total transaction of $100,059.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.51% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the business. Chicago Partners Investment Group LLC increased its holdings in shares of Physicians Realty Trust by 603.8% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 9,086 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 7,795 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of 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 worth $191,000 after purchasing an additional 1,364 shares in the last quarter. Pinnacle Associates Ltd. bought a new stake in shares of Physicians Realty Trust in the 2nd quarter worth $205,000. Profund Advisors LLC increased its holdings in shares of Physicians Realty Trust by 6.8% in the 2nd quarter. Profund Advisors LLC now owns 11,569 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 733 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of Physicians Realty Trust by 1.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 11,997 shares of the real estate investment trust’s stock worth $242,000 after purchasing an additional 203 shares in the last quarter. 90.99% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Physicians Realty Trust (NYSE:DOC)

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