Physicians Realty Trust (NYSE:DOC) announced a quarterly dividend on Monday, March 20th. Shareholders 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 annualized dividend and a yield of 4.76%. The ex-dividend date is Monday, April 3rd.
Shares of Physicians Realty Trust (NYSE:DOC) traded down 0.68% during midday trading on Monday, reaching $18.89. 1,818,423 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $19.13 and its 200 day moving average price is $19.35. Physicians Realty Trust has a one year low of $17.12 and a one year high of $22.03. The firm has a market capitalization of $2.56 billion, a PE ratio of 85.09 and a beta of 0.54.
Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings data on Friday, February 24th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.17. Physicians Realty Trust had a net margin of 12.86% and a return on equity of 1.77%. The firm had revenue of $73.70 million for the quarter, compared to analysts’ expectations of $74.07 million. During the same quarter in the prior year, the business earned $0.26 EPS. The business’s quarterly revenue was up 82.4% on a year-over-year basis. On average, equities research analysts expect that Physicians Realty Trust will post $0.33 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on the stock. TheStreet raised shares of Physicians Realty Trust from a “c+” rating to a “b-” rating in a report on Friday, January 27th. Canaccord Genuity reissued a “buy” rating and issued a $20.00 target price on shares of Physicians Realty Trust in a report on Thursday, January 5th. Royal Bank of Canada set a $20.00 target price on shares of Physicians Realty Trust and gave the stock a “buy” rating in a report on Tuesday, January 3rd. Zacks Investment Research raised shares of Physicians Realty Trust from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Tuesday, February 14th. Finally, Jefferies Group LLC assumed coverage on shares of Physicians Realty Trust in a report on Friday, December 16th. They issued a “hold” rating and a $19.50 target price for the company. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Physicians Realty Trust has a consensus rating of “Buy” and an average target price of $21.43.
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Physicians Realty Trust Company Profile
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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