Brokerages Expect Physicians Realty Trust (DOC) to Post $0.27 EPS
Equities research analysts forecast that Physicians Realty Trust (NYSE:DOC) will report earnings per share of $0.27 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Physicians Realty Trust’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.26. Physicians Realty Trust reported earnings per share of $0.06 during the same quarter last year, which suggests a positive year-over-year growth rate of 350%. The company is expected to announce its next quarterly earnings report on Friday, February 23rd.
On average, analysts expect that Physicians Realty Trust will report full-year earnings of $1.05 per share for the current financial year, with EPS estimates ranging from $1.03 to $1.07. For the next year, analysts anticipate that the company will post earnings of $1.15 per share, with EPS estimates ranging from $1.10 to $1.25. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Physicians Realty Trust.
Physicians Realty Trust (NYSE:DOC) last announced its quarterly earnings results on Friday, November 3rd. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). The firm had revenue of $93.00 million for the quarter, compared to the consensus estimate of $90.21 million. Physicians Realty Trust had a net margin of 11.39% and a return on equity of 1.70%. Physicians Realty Trust’s revenue was up 32.8% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS.
Several research analysts have recently weighed in on DOC shares. Cantor Fitzgerald reiterated a “buy” rating and set a $21.00 price target on shares of Physicians Realty Trust in a research note on Wednesday, September 13th. Royal Bank of Canada reiterated a “buy” rating and issued a $21.00 price target on shares of Physicians Realty Trust in a research note on Wednesday, November 15th. KeyCorp upgraded shares of Physicians Realty Trust from a “sector weight” rating to an “overweight” rating in a research note on Thursday, October 12th. Stifel Nicolaus restated a “buy” rating and issued a $22.00 target price on shares of Physicians Realty Trust in a report on Wednesday, October 4th. Finally, Zacks Investment Research upgraded shares of Physicians Realty Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 12th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Physicians Realty Trust currently has an average rating of “Buy” and an average target price of $20.41.
In other Physicians Realty Trust news, insider Jeffrey Theiler acquired 5,634 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average price of $17.76 per share, for a total transaction of $100,059.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tommy G. Thompson acquired 2,705 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was acquired at an average price of $18.46 per share, with a total value of $49,934.30. Following the acquisition, the director now directly owns 49,339 shares of the company’s stock, valued at approximately $910,797.94. The disclosure for this purchase can be found here. 0.51% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of DOC. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Physicians Realty Trust by 16.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,462 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 1,364 shares during the last quarter. Pinnacle Associates Ltd. acquired a new position in Physicians Realty Trust in the 2nd quarter valued at $205,000. Profund Advisors LLC increased its stake in Physicians Realty Trust by 6.8% in the 2nd quarter. Profund Advisors LLC now owns 11,569 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 733 shares during the period. Veritable L.P. acquired a new position in Physicians Realty Trust in the 2nd quarter valued at $266,000. Finally, GAM Holding AG grew its stake in shares of Physicians Realty Trust by 16.7% during the 2nd quarter. GAM Holding AG now owns 13,307 shares of the real estate investment trust’s stock worth $268,000 after purchasing an additional 1,900 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.
Physicians Realty Trust (NYSE DOC) traded down $0.29 during trading hours on Monday, reaching $17.49. 1,482,200 shares of the company’s stock were exchanged, compared to its average volume of 1,470,000. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.59 and a current ratio of 1.59. Physicians Realty Trust has a fifty-two week low of $17.25 and a fifty-two week high of $21.85. The company has a market cap of $3,130.00, a P/E ratio of 76.04, a PEG ratio of 2.53 and a beta of 0.54.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Wednesday, January 3rd will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 5.26%. The ex-dividend date is Tuesday, January 2nd. Physicians Realty Trust’s payout ratio is currently 400.00%.
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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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