Raymond James Financial, Inc. lowered shares of Physicians Realty Trust (NYSE:DOC) from a strong-buy rating to an outperform rating in a research report report published on Monday morning, Marketbeat reports. The firm currently has $21.00 price objective on the real estate investment trust’s stock.
Other research analysts have also issued reports about the company. Stifel Nicolaus lowered their price target on Physicians Realty Trust from $23.00 to $22.00 and set a buy rating for the company in a research report on Wednesday, July 12th. Jefferies Group LLC lowered Physicians Realty Trust from a hold rating to an underperform rating and lowered their price target for the stock from $21.00 to $17.00 in a research report on Friday, July 7th. Cantor Fitzgerald restated a buy rating and set a $23.00 price target on shares of Physicians Realty Trust in a research report on Friday, June 30th. BTIG Research raised their price target on Physicians Realty Trust from $20.00 to $22.00 and gave the stock a buy rating in a research report on Tuesday, April 11th. Finally, BidaskClub lowered Physicians Realty Trust from a buy rating to a hold rating in a research report on Saturday, July 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. Physicians Realty Trust currently has a consensus rating of Buy and a consensus target price of $21.21.
Shares of Physicians Realty Trust (NYSE:DOC) traded down 0.027% during midday trading on Monday, hitting $18.655. The company’s stock had a trading volume of 271,450 shares. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 84.412 and a beta of 0.58. The firm has a 50-day moving average of $20.24 and a 200 day moving average of $19.63. Physicians Realty Trust has a 12-month low of $17.12 and a 12-month high of $22.03.
Physicians Realty Trust (NYSE:DOC) last released its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by $0.02. Physicians Realty Trust had a return on equity of 1.68% and a net margin of 11.42%. The firm had revenue of $76.70 million for the quarter, compared to analysts’ expectations of $77.57 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. The company’s quarterly revenue was up 73.9% on a year-over-year basis. On average, equities research analysts predict that Physicians Realty Trust will post $0.25 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Monday, July 3rd were issued a $0.23 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This is a positive change from Physicians Realty Trust’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a yield of 4.93%. Physicians Realty Trust’s dividend payout ratio (DPR) is 418.20%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its position in Physicians Realty Trust by 18.4% in the first quarter. IFP Advisors Inc now owns 255,457 shares of the real estate investment trust’s stock worth $5,076,000 after buying an additional 39,653 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in Physicians Realty Trust by 1.5% in the first quarter. State of New Jersey Common Pension Fund D now owns 693,000 shares of the real estate investment trust’s stock worth $13,770,000 after buying an additional 10,000 shares in the last quarter. Strs Ohio boosted its stake in Physicians Realty Trust by 9.7% in the first quarter. Strs Ohio now owns 275,382 shares of the real estate investment trust’s stock worth $5,471,000 after buying an additional 24,438 shares in the last quarter. Sit Investment Associates Inc. boosted its stake in Physicians Realty Trust by 1,087.4% in the first quarter. Sit Investment Associates Inc. now owns 1,116,135 shares of the real estate investment trust’s stock worth $22,178,000 after buying an additional 1,022,135 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Physicians Realty Trust by 27.0% in the first quarter. State of Alaska Department of Revenue now owns 69,740 shares of the real estate investment trust’s stock worth $1,385,000 after buying an additional 14,830 shares in the last quarter. Hedge funds and other institutional investors own 79.96% of the company’s stock.
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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