FY2019 EPS Estimates for Physicians Realty Trust Decreased by Analyst (DOC)
Physicians Realty Trust (NYSE:DOC) – Analysts at Jefferies Group cut their FY2019 earnings per share estimates for shares of Physicians Realty Trust in a research note issued on Tuesday. Jefferies Group analyst O. Okusanya now anticipates that the real estate investment trust will earn $1.14 per share for the year, down from their previous estimate of $1.15. Jefferies Group currently has a “Hold” rating and a $19.00 target price on the stock.
Physicians Realty Trust (NYSE:DOC) last announced its quarterly earnings data on Friday, November 3rd. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). Physicians Realty Trust had a net margin of 11.39% and a return on equity of 1.70%. The firm had revenue of $93.00 million during the quarter, compared to analyst estimates of $90.21 million. During the same quarter in the previous year, the business posted $0.27 earnings per share. Physicians Realty Trust’s revenue for the quarter was up 32.8% compared to the same quarter last year.
Shares of Physicians Realty Trust (NYSE DOC) traded up $0.03 on Thursday, hitting $16.36. 2,318,060 shares of the stock were exchanged, compared to its average volume of 1,590,000. Physicians Realty Trust has a fifty-two week low of $16.21 and a fifty-two week high of $21.85. The firm has a market cap of $2,930.00, a price-to-earnings ratio of 71.13, a price-to-earnings-growth ratio of 2.53 and a beta of 0.54. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.59 and a quick ratio of 1.59.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Wednesday, January 3rd were paid a dividend of $0.23 per share. The ex-dividend date was Tuesday, January 2nd. This represents a $0.92 annualized dividend and a yield of 5.62%. Physicians Realty Trust’s dividend payout ratio is currently 400.00%.
In related news, Director Tommy G. Thompson purchased 2,705 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were purchased at an average cost of $18.46 per share, for a total transaction of $49,934.30. Following the purchase, the director now directly owns 49,339 shares of the company’s stock, valued at $910,797.94. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey Theiler purchased 5,634 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were bought at an average price of $17.76 per share, for a total transaction of $100,059.84. The disclosure for this purchase can be found here. 0.51% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Physicians Realty Trust by 12.8% in the second quarter. Vanguard Group Inc. now owns 26,712,583 shares of the real estate investment trust’s stock valued at $537,992,000 after purchasing an additional 3,033,019 shares during the period. BlackRock Inc. increased its stake in Physicians Realty Trust by 1.9% in the second quarter. BlackRock Inc. now owns 14,519,268 shares of the real estate investment trust’s stock valued at $292,418,000 after purchasing an additional 271,896 shares during the period. Cohen & Steers Inc. increased its stake in Physicians Realty Trust by 12.7% in the third quarter. Cohen & Steers Inc. now owns 12,946,213 shares of the real estate investment trust’s stock valued at $229,536,000 after purchasing an additional 1,458,455 shares during the period. Principal Financial Group Inc. increased its stake in Physicians Realty Trust by 2.9% in the third quarter. Principal Financial Group Inc. now owns 8,975,689 shares of the real estate investment trust’s stock valued at $159,139,000 after purchasing an additional 250,054 shares during the period. Finally, Lord Abbett & CO. LLC increased its stake in Physicians Realty Trust by 2.1% in the second quarter. Lord Abbett & CO. LLC now owns 3,777,212 shares of the real estate investment trust’s stock valued at $76,073,000 after purchasing an additional 79,439 shares during the period. Institutional investors own 93.63% of the company’s stock.
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Physicians Realty Trust Company Profile
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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