Physicians Realty Trust (NYSE:DOC) announced a quarterly dividend on Monday, March 20th. Investors of record on Wednesday, April 5th will be paid a dividend of 0.225 per share by the real estate investment trust on Tuesday, April 18th. This represents a $0.90 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date is Monday, April 3rd.
Shares of Physicians Realty Trust (NYSE:DOC) opened at 19.96 on Monday. Physicians Realty Trust has a 12 month low of $17.12 and a 12 month high of $22.03. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 89.91 and a beta of 0.54. The company has a 50-day moving average price of $19.21 and a 200-day moving average price of $19.28.
Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings results on Friday, February 24th. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by $0.24. The business earned $73.70 million during the quarter, compared to analysts’ expectations of $74.07 million. Physicians Realty Trust had a net margin of 12.86% and a return on equity of 1.77%. The company’s revenue for the quarter was up 82.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 EPS. On average, analysts expect that Physicians Realty Trust will post $0.32 EPS for the current fiscal year.
A number of brokerages recently commented on DOC. FBR & Co began coverage on Physicians Realty Trust in a report on Monday, April 3rd. They issued an “outperform” rating and a $23.00 price target for the company. Robert W. Baird began coverage on Physicians Realty Trust in a report on Thursday, March 9th. They issued an “outperform” rating and a $21.00 price target for the company. Zacks Investment Research downgraded Physicians Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th. TheStreet raised Physicians Realty Trust from a “c+” rating to a “b-” rating in a report on Friday, January 27th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $20.00 price target on shares of Physicians Realty Trust in a report on Thursday, January 5th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $21.75.
About Physicians Realty Trust
Physicians Realty Trust is a healthcare real estate company. The Company is engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company’s portfolio includes approximately 150 properties located in approximately 30 states with approximately 5,799,340 net leasable square feet.
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