Crow Point Partners LLC trimmed its position in shares of Physicians Realty Trust (NYSE:DOC) by 14.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 150,000 shares of the real estate investment trust’s stock after selling 25,000 shares during the period. Crow Point Partners LLC owned 0.08% of Physicians Realty Trust worth $2,703,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Physicians Realty Trust by 16.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,462 shares of the real estate investment trust’s stock valued at $191,000 after purchasing an additional 1,364 shares during the last quarter. Pinnacle Associates Ltd. acquired a new position in shares of Physicians Realty Trust in the second quarter valued at $205,000. Profund Advisors LLC increased its holdings in shares of Physicians Realty Trust by 6.8% in the second quarter. Profund Advisors LLC now owns 11,569 shares of the real estate investment trust’s stock valued at $233,000 after purchasing an additional 733 shares during the last quarter. Veritable L.P. acquired a new position in shares of Physicians Realty Trust in the second quarter valued at $266,000. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of Physicians Realty Trust by 4.3% in the second quarter. Ameritas Investment Partners Inc. now owns 13,543 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 554 shares during the last quarter. Institutional investors and hedge funds own 93.63% of the company’s stock.
Several equities analysts have commented on the stock. B. Riley reiterated a “buy” rating on shares of Physicians Realty Trust in a report on Wednesday, November 1st. Cantor Fitzgerald reiterated a “buy” rating and issued a $21.00 price objective on shares of Physicians Realty Trust in a report on Tuesday, September 26th. Robert W. Baird reiterated an “outperform” rating and issued a $19.00 price objective (down from $21.00) on shares of Physicians Realty Trust in a report on Friday, January 5th. Stifel Nicolaus restated a “buy” rating and issued a $22.00 price target on shares of Physicians Realty Trust in a research note on Wednesday, October 4th. Finally, Jefferies Group restated a “hold” rating and issued a $19.00 price target (up from $18.00) on shares of Physicians Realty Trust in a research note on Friday, September 22nd. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Physicians Realty Trust presently has an average rating of “Buy” and a consensus price target of $20.25.
Physicians Realty Trust (NYSE:DOC) last released its quarterly earnings results on Friday, November 3rd. The real estate investment trust reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). Physicians Realty Trust had a net margin of 11.39% and a return on equity of 1.70%. The business had revenue of $93.00 million during the quarter, compared to analyst estimates of $90.21 million. During the same quarter last year, the company posted $0.27 earnings per share. The company’s revenue was up 32.8% on a year-over-year basis. equities research analysts anticipate that Physicians Realty Trust will post 1.05 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Wednesday, January 3rd will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.92 annualized dividend and a yield of 5.65%. Physicians Realty Trust’s dividend payout ratio is 400.00%.
In other news, insider Jeffrey Theiler acquired 5,634 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was acquired at an average price of $17.76 per share, with a total value of $100,059.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tommy G. Thompson acquired 2,705 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were purchased at an average cost of $18.46 per share, with a total value of $49,934.30. Following the transaction, the director now directly owns 49,339 shares of the company’s stock, valued at $910,797.94. The disclosure for this purchase can be found here. Corporate insiders own 0.51% of the company’s stock.
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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.
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