The Physicians Realty Trust (DOC) Receives $20.42 Average PT from Analysts

The Physicians Realty Trust (DOC) Receives $20.42 Average PT from Analysts

Physicians Realty Trust (NYSE:DOC) has been given an average rating of “Buy” by the twenty ratings firms that are covering the company. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $20.42.

A number of research analysts recently commented on the stock. Raymond James Financial Inc. lowered shares of Physicians Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Friday, September 2nd. Wunderlich boosted their price objective on shares of Physicians Realty Trust from $19.50 to $22.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Compass Point boosted their price objective on shares of Physicians Realty Trust from $20.50 to $24.00 and gave the company a “buy” rating in a report on Tuesday, August 9th. SunTrust Banks Inc. boosted their price objective on shares of Physicians Realty Trust from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Finally, Cantor Fitzgerald started coverage on shares of Physicians Realty Trust in a report on Thursday, June 23rd. They issued a “buy” rating for the company.

In related news, insider John T. Thomas sold 15,000 shares of the stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $21.79, for a total value of $326,850.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of DOC. Vanguard Group Inc. boosted its position in shares of 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 valued at $419,582,000 after buying an additional 6,039,827 shares during the period. Cohen & Steers Inc. boosted its position in shares of 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 valued at $263,317,000 after buying an additional 5,881,209 shares during the period. Brookfield Asset Management Inc. acquired a new position in shares of Physicians Realty Trust during the first quarter valued at about $63,598,000. Principal Financial Group Inc. boosted its position in shares of Physicians Realty Trust by 52.9% in the second quarter. Principal Financial Group Inc. now owns 6,504,414 shares of the real estate investment trust’s stock valued at $136,658,000 after buying an additional 2,251,395 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Physicians Realty Trust by 42.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,358,179 shares of the real estate investment trust’s stock valued at $91,565,000 after buying an additional 1,292,821 shares during the period. 94.08% of the stock is owned by institutional investors and hedge funds.

Shares of Physicians Realty Trust (NYSE:DOC) opened at 20.16 on Monday. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 102.86 and a beta of 0.58. The company has a 50 day moving average of $20.83 and a 200-day moving average of $20.11. Physicians Realty Trust has a one year low of $15.03 and a one year high of $22.03.

Physicians Realty Trust (NYSE:DOC) last announced its quarterly earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.01. Physicians Realty Trust had a net margin of 11.73% and a return on equity of 1.59%. The company earned $53.20 million during the quarter, compared to analyst estimates of $50.82 million. During the same quarter last year, the company posted $0.18 EPS. The firm’s quarterly revenue was up 79.3% on a year-over-year basis. On average, analysts expect that Physicians Realty Trust will post $1.03 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Investors of record on Thursday, October 6th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.46%. The ex-dividend date is Tuesday, October 4th. Physicians Realty Trust’s payout ratio is 450.00%.

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