Ameriprise Financial Inc. reduced its position in shares of Physicians Realty Trust (NYSE:DOC) by 0.5% during the first quarter, Holdings Channel reports. The firm owned 496,650 shares of the real estate investment trust’s stock after selling 2,657 shares during the period. Ameriprise Financial Inc.’s holdings in Physicians Realty Trust were worth $9,869,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Physicians Realty Trust by 5.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,098 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 425 shares during the period. WFG Advisors LP bought a new stake in shares of Physicians Realty Trust during the fourth quarter worth about $193,000. Shelton Capital Management bought a new stake in shares of Physicians Realty Trust during the fourth quarter worth about $228,000. AMG National Trust Bank bought a new stake in shares of Physicians Realty Trust during the first quarter worth about $360,000. Finally, Suntrust Banks Inc. raised its stake in shares of Physicians Realty Trust by 34.0% in the first quarter. Suntrust Banks Inc. now owns 21,789 shares of the real estate investment trust’s stock worth $432,000 after buying an additional 5,531 shares during the period. Institutional investors and hedge funds own 92.83% of the company’s stock.

Institutional Ownership by Quarter for Physicians Realty Trust (NYSE:DOC)

Shares of Physicians Realty Trust (NYSE:DOC) opened at 21.22 on Friday. The company’s 50-day moving average is $20.19 and its 200 day moving average is $19.39. Physicians Realty Trust has a 1-year low of $17.12 and a 1-year high of $22.03. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 96.02 and a beta of 0.58.

Physicians Realty Trust (NYSE:DOC) last issued its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.02. Physicians Realty Trust had a net margin of 11.42% and a return on equity of 1.68%. The business had revenue of $76.70 million for the quarter, compared to analyst estimates of $77.57 million. During the same quarter last year, the firm posted $0.22 earnings per share. Physicians Realty Trust’s revenue was up 73.9% on a year-over-year basis. On average, equities research analysts expect that Physicians Realty Trust will post $0.32 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 18th. Stockholders of record on Monday, July 3rd will be given a dividend of $0.23 per share. This is a positive change from Physicians Realty Trust’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Thursday, June 29th. Physicians Realty Trust’s payout ratio is 409.11%.

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DOC has been the topic of a number of recent analyst reports. BTIG Research upped their target price on shares of Physicians Realty Trust from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, April 11th. Jefferies Group LLC restated a “hold” rating and issued a $21.00 target price on shares of Physicians Realty Trust in a research note on Wednesday. Zacks Investment Research lowered shares of Physicians Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. FBR & Co initiated coverage on shares of Physicians Realty Trust in a research note on Monday, April 3rd. They set an “outperform” rating and a $23.00 price objective on the stock. Finally, Robert W. Baird initiated coverage on shares of Physicians Realty Trust in a research note on Thursday, March 9th. They set an “outperform” rating and a $21.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Physicians Realty Trust currently has an average rating of “Buy” and an average price target of $21.69.

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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