Physicians Realty Trust (DOC) Receives Average Recommendation of “Buy” from Analysts
Shares of Physicians Realty Trust (NYSE:DOC) have been assigned an average rating of “Buy” from the sixteen research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $17.85.
DOC has been the subject of a number of analyst reports. Capital One Financial raised Physicians Realty Trust from an “equal weight” rating to an “overweight” rating in a report on Friday, August 3rd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $18.00 price target on shares of Physicians Realty Trust in a report on Tuesday, August 7th. Zacks Investment Research raised Physicians Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. ValuEngine cut Physicians Realty Trust from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. Finally, TheStreet raised Physicians Realty Trust from a “c+” rating to a “b” rating in a report on Friday, August 3rd.
Institutional investors have recently made changes to their positions in the business. Employees Retirement System of Texas acquired a new position in shares of Physicians Realty Trust during the second quarter valued at approximately $4,607,000. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Physicians Realty Trust by 5.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 158,390 shares of the real estate investment trust’s stock valued at $2,525,000 after acquiring an additional 8,464 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Physicians Realty Trust during the second quarter valued at approximately $198,000. Canada Pension Plan Investment Board raised its holdings in shares of Physicians Realty Trust by 934.8% during the second quarter. Canada Pension Plan Investment Board now owns 877,500 shares of the real estate investment trust’s stock valued at $13,987,000 after acquiring an additional 792,700 shares during the last quarter. Finally, Securian Asset Management Inc raised its holdings in shares of Physicians Realty Trust by 1,072.7% during the second quarter. Securian Asset Management Inc now owns 313,100 shares of the real estate investment trust’s stock valued at $4,991,000 after acquiring an additional 286,400 shares during the last quarter. 92.12% of the stock is owned by institutional investors and hedge funds.
Physicians Realty Trust (NYSE:DOC) last released its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.22). The business had revenue of $106.99 million during the quarter, compared to analyst estimates of $104.60 million. Physicians Realty Trust had a return on equity of 1.76% and a net margin of 11.02%. The business’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 EPS. equities analysts anticipate that Physicians Realty Trust will post 1.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 18th. Shareholders of record on Wednesday, October 3rd will be issued a dividend of $0.23 per share. The ex-dividend date is Tuesday, October 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.55%. Physicians Realty Trust’s payout ratio is currently 88.46%.
About Physicians Realty Trust
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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