Today, Physicians Realty Trust (DOC) Raised to Strong-Buy at Raymond James Financial Inc.

Today, Physicians Realty Trust (DOC) Raised to Strong-Buy at Raymond James Financial Inc.
Physicians Realty Trust (NYSE:DOC) was upgraded by investment analysts at Raymond James Financial Inc. from a “market perform” rating to a “strong-buy” rating in a note issued to investors on Monday. The firm currently has a $22.00 target price on the real estate investment trust’s stock. Raymond James Financial Inc.’s price target would suggest a potential upside of 18.98% from the company’s previous close. The analysts noted that the move was a valuation call.

DOC has been the subject of a number of other reports. BTIG Research started coverage on shares of Physicians Realty Trust in a report on Thursday, August 25th. They set a “buy” rating and a $25.00 price objective for the company. Citigroup Inc. lowered shares of 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. Zacks Investment Research lowered shares of Physicians Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Mizuho cut their price objective on shares of Physicians Realty Trust from $22.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, November 3rd. Finally, Wunderlich increased their target price on Physicians Realty Trust from $19.50 to $22.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $20.93.

Shares of Physicians Realty Trust (NYSE:DOC) traded up 0.98% on Monday, hitting $18.49. 629,423 shares of the company traded hands. Physicians Realty Trust has a 1-year low of $15.41 and a 1-year high of $22.03. The firm’s 50 day moving average price is $19.14 and its 200-day moving average price is $20.22. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 84.43 and a beta of 0.63.

Physicians Realty Trust (NYSE:DOC) last announced its quarterly earnings data on Wednesday, November 2nd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by $0.01. Physicians Realty Trust had a net margin of 12.86% and a return on equity of 1.77%. The company had revenue of $70 million for the quarter, compared to analysts’ expectations of $66.21 million. During the same period last year, the business earned $0.26 earnings per share. The company’s quarterly revenue was up 100.6% compared to the same quarter last year. On average, equities research analysts expect that Physicians Realty Trust will post $1.01 earnings per share for the current year.

In other Physicians Realty Trust news, Director Tommy G. Thompson bought 14,400 shares of Physicians Realty Trust stock in a transaction on Thursday, November 17th. The shares were acquired at an average price of $18.04 per share, for a total transaction of $259,776.00. Following the completion of the purchase, the director now directly owns 30,838 shares in the company, valued at approximately $556,317.52. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John T. Thomas sold 15,000 shares of the stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $21.79, for a total value of $326,850.00. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in DOC. Vanguard Group Inc. raised its stake in Physicians Realty Trust by 43.4% in the second quarter. Vanguard Group Inc. now owns 19,970,571 shares of the real estate investment trust’s stock worth $419,582,000 after buying an additional 6,039,827 shares during the last quarter. Cohen & Steers Inc. raised its stake in Physicians Realty Trust by 88.4% in the second quarter. Cohen & Steers Inc. now owns 12,532,933 shares of the real estate investment trust’s stock worth $263,317,000 after buying an additional 5,881,209 shares during the last quarter. Principal Financial Group Inc. raised its stake in Physicians Realty Trust by 8.2% in the third quarter. Principal Financial Group Inc. now owns 7,035,722 shares of the real estate investment trust’s stock worth $151,550,000 after buying an additional 531,308 shares during the last quarter. Brookfield Asset Management Inc. raised its stake in Physicians Realty Trust by 34.8% in the second quarter. Brookfield Asset Management Inc. now owns 4,613,225 shares of the real estate investment trust’s stock worth $96,924,000 after buying an additional 1,190,312 shares during the last quarter. Finally, BlackRock Fund Advisors raised its stake in Physicians Realty Trust by 28.6% in the third quarter. BlackRock Fund Advisors now owns 4,473,548 shares of the real estate investment trust’s stock worth $96,360,000 after buying an additional 995,055 shares during the last quarter. Institutional investors and hedge funds own 97.00% of the company’s stock.

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