KeyCorp Analysts Raise Earnings Estimates for Physicians Realty Trust (NYSE:DOC)
Physicians Realty Trust (NYSE:DOC) – Analysts at KeyCorp upped their FY2019 EPS estimates for Physicians Realty Trust in a research note issued on Wednesday, November 6th. KeyCorp analyst J. Sadler now expects that the real estate investment trust will post earnings of $1.03 per share for the year, up from their previous estimate of $0.99. KeyCorp also issued estimates for Physicians Realty Trust’s Q4 2019 earnings at $0.28 EPS, Q1 2020 earnings at $0.28 EPS, Q2 2020 earnings at $0.28 EPS, Q3 2020 earnings at $0.29 EPS, Q4 2020 earnings at $0.29 EPS and FY2020 earnings at $1.13 EPS.
Several other equities analysts have also weighed in on DOC. B. Riley reiterated a “buy” rating on shares of Physicians Realty Trust in a report on Friday. TheStreet lowered shares of Physicians Realty Trust from a “b-” rating to a “c+” rating in a report on Friday, August 9th. Berenberg Bank started coverage on shares of Physicians Realty Trust in a report on Thursday, September 12th. They issued a “hold” rating and a $18.00 target price on the stock. Bank of America started coverage on shares of Physicians Realty Trust in a report on Monday, October 14th. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research upgraded shares of Physicians Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Physicians Realty Trust presently has a consensus rating of “Hold” and an average price target of $18.20.
Physicians Realty Trust (NYSE:DOC) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.18). Physicians Realty Trust had a net margin of 12.61% and a return on equity of 2.11%. The company had revenue of $107.59 million for the quarter, compared to analyst estimates of $105.01 million. During the same quarter in the prior year, the company posted $0.28 EPS. Physicians Realty Trust’s revenue for the quarter was up 2.4% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, October 3rd were issued a $0.23 dividend. The ex-dividend date was Wednesday, October 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.05%. Physicians Realty Trust’s dividend payout ratio is presently 85.19%.
In related news, CEO John T. Thomas sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $17.50, for a total value of $87,500.00. Following the sale, the chief executive officer now owns 305,259 shares in the company, valued at approximately $5,342,032.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John W. Lucey acquired 2,900 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was purchased at an average price of $17.96 per share, with a total value of $52,084.00. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 7,783 shares of company stock worth $136,867 and sold 15,000 shares worth $268,250. Corporate insiders own 0.62% of the company’s stock.
A number of large investors have recently bought and sold shares of DOC. James Investment Research Inc. purchased a new stake in Physicians Realty Trust in the 2nd quarter valued at about $26,000. Tower Research Capital LLC TRC increased its stake in Physicians Realty Trust by 529.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,888 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 1,588 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Physicians Realty Trust in the 2nd quarter valued at about $44,000. C M Bidwell & Associates Ltd. purchased a new stake in Physicians Realty Trust in the 2nd quarter valued at about $55,000. Finally, Optimum Investment Advisors increased its stake in Physicians Realty Trust by 280.0% in the 2nd quarter. Optimum Investment Advisors now owns 3,800 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 2,800 shares during the last quarter. Hedge funds and other institutional investors own 94.40% of the company’s stock.
Physicians Realty Trust Company Profile
Physicians Realty Trust is a self-managed healthcare real estate company organized to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company invests in real estate that is integral to providing high quality healthcare.
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