Crow Point Partners LLC Lowers Stake in Physicians Realty Trust (DOC)

Crow Point Partners LLC cut its holdings in Physicians Realty Trust (NYSE:DOC) by 14.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,000 shares of the real estate investment trust’s stock after selling 25,000 shares during the quarter. Crow Point Partners LLC owned approximately 0.08% of Physicians Realty Trust worth $2,703,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DOC. Schwab Charles Investment Management Inc. grew its position in shares of Physicians Realty Trust by 8.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 630,471 shares of the real estate investment trust’s stock valued at $12,698,000 after purchasing an additional 48,206 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Physicians Realty Trust by 5.4% during the second quarter. Bank of New York Mellon Corp now owns 1,485,622 shares of the real estate investment trust’s stock valued at $29,919,000 after buying an additional 75,729 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Physicians Realty Trust by 16.8% during 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 buying an additional 1,364 shares during the period. Swiss National Bank lifted its stake in shares of Physicians Realty Trust by 1.6% during the second quarter. Swiss National Bank now owns 252,406 shares of the real estate investment trust’s stock valued at $5,083,000 after buying an additional 4,000 shares during the period. Finally, Pinnacle Associates Ltd. purchased a new position in shares of Physicians Realty Trust during the second quarter valued at approximately $205,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Physicians Realty Trust (NYSE:DOC) traded down $0.22 during trading hours on Wednesday, reaching $16.77. 1,173,435 shares of the company’s stock were exchanged, compared to its average volume of 1,366,583. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a market capitalization of $3,000.00, a P/E ratio of 72.91, a P/E/G ratio of 2.48 and a beta of 0.54. Physicians Realty Trust has a 12 month low of $16.97 and a 12 month high of $21.85.

Physicians Realty Trust (NYSE:DOC) last posted its quarterly earnings results on Friday, November 3rd. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). The company had revenue of $93.00 million for the quarter, compared to analysts’ expectations of $90.21 million. Physicians Realty Trust had a return on equity of 1.70% and a net margin of 11.39%. The business’s revenue for the quarter was up 32.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. research analysts anticipate that Physicians Realty Trust will post 1.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Wednesday, January 3rd will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date is Tuesday, January 2nd. Physicians Realty Trust’s dividend payout ratio is currently 400.00%.

Several equities analysts recently issued reports on the stock. Robert W. Baird reissued an “outperform” rating and set a $19.00 price objective (down previously from $21.00) on shares of Physicians Realty Trust in a research note on Friday, January 5th. Cantor Fitzgerald upped their price objective on shares of Physicians Realty Trust from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, November 7th. Capital One Financial assumed coverage on shares of Physicians Realty Trust in a research note on Monday, September 25th. They set an “equal weight” rating and a $19.50 price objective on the stock. Royal Bank of Canada reissued a “buy” rating and set a $21.00 price objective on shares of Physicians Realty Trust in a research note on Wednesday, September 13th. Finally, KeyCorp raised shares of Physicians Realty Trust from a “sector weight” rating to an “overweight” rating in a research note on Thursday, October 12th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $20.25.

In related news, Director Tommy G. Thompson purchased 2,705 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were bought at an average price of $18.46 per share, with a total value of $49,934.30. Following the completion of the purchase, the director now directly owns 49,339 shares in the company, valued at approximately $910,797.94. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey Theiler purchased 5,634 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were bought at an average cost of $17.76 per share, for a total transaction of $100,059.84. The disclosure for this purchase can be found here. Company 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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Institutional Ownership by Quarter for Physicians Realty Trust (NYSE:DOC)

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