Honeywell International Inc. increased its position in shares of Physicians Realty Trust (NYSE:DOC) by 45.7% during the third quarter, Holdings Channel reports. The institutional investor owned 98,900 shares of the real estate investment trust’s stock after buying an additional 31,000 shares during the period. Honeywell International Inc. owned approximately 0.07% of Physicians Realty Trust worth $2,130,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue increased its stake in Physicians Realty Trust by 2.1% in the second quarter. State of Alaska Department of Revenue now owns 54,910 shares of the real estate investment trust’s stock worth $1,153,000 after buying an additional 1,150 shares in the last quarter. Telemus Capital LLC increased its stake in Physicians Realty Trust by 37.0% in the second quarter. Telemus Capital LLC now owns 37,000 shares of the real estate investment trust’s stock worth $777,000 after buying an additional 10,000 shares in the last quarter. Eagle Asset Management Inc. bought a new stake in Physicians Realty Trust during the second quarter worth approximately $10,265,000. Americafirst Capital Management LLC bought a new stake in Physicians Realty Trust during the second quarter worth approximately $692,000. Finally, Creative Planning increased its stake in Physicians Realty Trust by 67.7% in the second quarter. Creative Planning now owns 5,342 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 2,156 shares in the last quarter. Institutional investors and hedge funds own 97.00% of the company’s stock.
Physicians Realty Trust (NYSE:DOC) traded up 0.98% on Friday, hitting $18.49. The stock had a trading volume of 629,423 shares. Physicians Realty Trust has a 52 week low of $15.41 and a 52 week high of $22.03. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 84.43 and a beta of 0.63. The company has a 50-day moving average price of $19.18 and a 200-day moving average price of $20.23.
Physicians Realty Trust (NYSE:DOC) last announced its earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The company had revenue of $70 million for the quarter, compared to analyst estimates of $66.21 million. Physicians Realty Trust had a return on equity of 1.77% and a net margin of 12.86%. The firm’s quarterly revenue was up 100.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 earnings per share. Equities research analysts anticipate that Physicians Realty Trust will post $1.01 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on the company. Raymond James Financial Inc. downgraded Physicians Realty Trust from an “outperform” rating to a “market perform” rating in a report on Friday, September 2nd. Citigroup Inc. downgraded Physicians Realty Trust from an “outperform” rating to a “market perform” rating in a report on Friday, September 2nd. They noted that the move was a valuation call. BTIG Research initiated coverage on Physicians Realty Trust in a report on Thursday, August 25th. They issued a “buy” rating and a $25.00 price target for the company. SunTrust Banks Inc. increased their price target on Physicians Realty Trust from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Finally, Wunderlich increased their price target on Physicians Realty Trust from $19.50 to $22.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $20.93.
In related news, Director Tommy G. Thompson bought 14,400 shares of the business’s stock in a transaction on Thursday, November 17th. The shares were purchased at an average cost of $18.04 per share, with a total value of $259,776.00. Following the acquisition, the director now owns 30,838 shares of the company’s stock, valued at $556,317.52. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Albert Black, Jr. bought 4,439 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were bought at an average cost of $17.50 per share, for a total transaction of $77,682.50. Following the completion of the acquisition, the director now directly owns 26,772 shares in the company, valued at approximately $468,510. The disclosure for this purchase can be found here. Company insiders own 0.54% of the company’s stock.
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.