Physicians Realty Trust (DOC) PT Set at $19.00 by BMO Capital Markets
BMO Capital Markets set a $19.00 price target on Physicians Realty Trust (NYSE:DOC) in a research note published on Wednesday. The firm currently has a buy rating on the real estate investment trust’s stock.
Other equities research analysts also recently issued reports about the company. B. Riley restated a buy rating on shares of Physicians Realty Trust in a research note on Wednesday, November 1st. Raymond James Financial set a $20.00 price target on Physicians Realty Trust and gave the company a buy rating in a research note on Thursday, December 7th. Royal Bank of Canada restated a buy rating and set a $21.00 price target on shares of Physicians Realty Trust in a research note on Wednesday, November 15th. SunTrust Banks set a $18.00 price target on Physicians Realty Trust and gave the company a hold rating in a research note on Monday, January 22nd. Finally, Robert W. Baird restated an outperform rating and set a $19.00 price target (down from $21.00) on shares of Physicians Realty Trust in a research note on Friday, January 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $18.92.
Physicians Realty Trust (NYSE DOC) traded up $0.18 during trading on Wednesday, hitting $14.78. The company’s stock had a trading volume of 1,308,403 shares, compared to its average volume of 1,860,000. The company has a market cap of $2,650.00, a P/E ratio of 64.26, a P/E/G ratio of 2.24 and a beta of 0.53. Physicians Realty Trust has a 1-year low of $14.13 and a 1-year high of $21.85. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.46.
In related news, Director Tommy G. Thompson acquired 2,705 shares of the stock in a transaction dated Thursday, December 14th. The shares were purchased at an average cost of $18.46 per share, with a total value of $49,934.30. Following the transaction, the director now directly owns 49,339 shares in the company, valued at $910,797.94. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.51% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of DOC. Brookfield Asset Management Inc. purchased a new position in shares of Physicians Realty Trust during the 4th quarter valued at about $70,764,000. Cbre Clarion Securities LLC purchased a new position in Physicians Realty Trust in the 4th quarter worth approximately $46,085,000. PGGM Investments lifted its holdings in Physicians Realty Trust by 69.0% in the 4th quarter. PGGM Investments now owns 4,604,000 shares of the real estate investment trust’s stock worth $82,826,000 after purchasing an additional 1,880,000 shares in the last quarter. Cohen & Steers Inc. lifted its holdings in Physicians Realty Trust by 12.7% in the 3rd quarter. Cohen & Steers Inc. now owns 12,946,213 shares of the real estate investment trust’s stock worth $229,536,000 after purchasing an additional 1,458,455 shares in the last quarter. Finally, Mesirow Financial Investment Management Equity Management purchased a new position in Physicians Realty Trust in the 3rd quarter worth approximately $17,401,000. 95.35% of the stock is currently owned by hedge funds and other institutional investors.
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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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