Physicians Realty Trust (DOC) Shares Bought by Oppenheimer Asset Management Inc.
Oppenheimer Asset Management Inc. lifted its holdings in shares of Physicians Realty Trust (NYSE:DOC) by 7.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,456 shares of the real estate investment trust’s stock after acquiring an additional 3,884 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Physicians Realty Trust were worth $983,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of DOC. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Physicians Realty Trust by 16.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,462 shares of the real estate investment trust’s stock worth $191,000 after acquiring an additional 1,364 shares in the last quarter. Pinnacle Associates Ltd. acquired a new stake in shares of Physicians Realty Trust during the 2nd quarter worth about $205,000. Profund Advisors LLC raised its position in shares of Physicians Realty Trust by 6.8% during the 2nd quarter. Profund Advisors LLC now owns 11,569 shares of the real estate investment trust’s stock worth $233,000 after acquiring an additional 733 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Physicians Realty Trust by 1.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 11,997 shares of the real estate investment trust’s stock worth $242,000 after acquiring an additional 203 shares in the last quarter. Finally, Veritable L.P. acquired a new stake in shares of Physicians Realty Trust during the 2nd quarter worth about $266,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Jeffrey Theiler purchased 5,634 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were bought at an average price of $17.76 per share, with a total value of $100,059.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.51% of the company’s stock.
Several brokerages have recently weighed in on DOC. Cantor Fitzgerald raised their target price on Physicians Realty Trust from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 7th. Capital One Financial began coverage on Physicians Realty Trust in a research report on Monday, September 25th. They set an “equal weight” rating and a $19.50 target price on the stock. Royal Bank of Canada reissued a “buy” rating and set a $21.00 target price on shares of Physicians Realty Trust in a research report on Wednesday, September 13th. KeyCorp raised Physicians Realty Trust from a “sector weight” rating to an “overweight” rating in a research report on Thursday, October 12th. Finally, B. Riley reissued a “buy” rating on shares of Physicians Realty Trust in a research report on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Physicians Realty Trust has an average rating of “Buy” and a consensus price target of $20.41.
Physicians Realty Trust (DOC) opened at $18.39 on Friday. The company has a market capitalization of $3,308.38, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 2.89 and a beta of 0.52. Physicians Realty Trust has a 12-month low of $17.25 and a 12-month high of $21.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.59 and a current ratio of 1.59.
Physicians Realty Trust (NYSE:DOC) last released its quarterly earnings results on Friday, November 3rd. The real estate investment trust reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). The firm had revenue of $93.00 million for the quarter, compared to analyst estimates of $90.21 million. Physicians Realty Trust had a return on equity of 1.70% and a net margin of 11.39%. The company’s quarterly revenue was up 32.8% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. equities analysts expect that Physicians Realty Trust will post 1.05 EPS for the current year.
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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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