Physicians Realty Trust (DOC) Announces Earnings Results
Physicians Realty Trust (NYSE:DOC) issued its quarterly earnings results on Friday. The real estate investment trust reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01), Bloomberg Earnings reports. 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 11.51% and a return on equity of 1.75%. The business’s revenue was up 32.8% compared to the same quarter last year. During the same period last year, the company posted $0.27 EPS.
Physicians Realty Trust (NYSE DOC) traded up $0.08 on Friday, hitting $17.46. 366,000 shares of the company were exchanged, compared to its average volume of 1,047,855. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 2.36 and a beta of 0.52. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.17 and a current ratio of 1.17.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 18th. Investors of record on Tuesday, October 3rd were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, October 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.27%. Physicians Realty Trust’s dividend payout ratio is presently 400.02%.
A number of equities analysts have recently issued reports on the stock. FBR & Co reissued an “outperform” rating and set a $21.00 price objective on shares of Physicians Realty Trust in a research report on Tuesday, July 11th. Jefferies Group LLC cut shares of Physicians Realty Trust from a “hold” rating to an “underperform” rating and cut their price objective for the stock from $21.00 to $17.00 in a research report on Friday, July 7th. Capital One Financial Corporation assumed coverage on shares of Physicians Realty Trust in a research report on Monday, September 25th. They set an “equal weight” rating and a $19.50 price objective on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $21.00 price objective on shares of Physicians Realty Trust in a research report on Wednesday, September 13th. Finally, Stifel Nicolaus cut their price objective on shares of Physicians Realty Trust from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, July 12th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $20.54.
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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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