Physicians Realty Trust (DOC) to Post FY2017 Earnings of $1.03 Per Share, Jefferies Group Forecasts
Physicians Realty Trust (NYSE:DOC) – Investment analysts at Jefferies Group dropped their FY2017 earnings per share estimates for shares of Physicians Realty Trust in a research report issued to clients and investors on Friday. Jefferies Group analyst O. Okusanya now forecasts that the real estate investment trust will post earnings of $1.03 per share for the year, down from their prior forecast of $1.04. Jefferies Group currently has a “Hold” rating and a $19.00 target price on the stock. Jefferies Group also issued estimates for Physicians Realty Trust’s FY2018 earnings at $1.12 EPS and FY2019 earnings at $1.12 EPS.
Physicians Realty Trust (NYSE:DOC) last released its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. Physicians Realty Trust had a return on equity of 1.75% and a net margin of 11.51%. The business had revenue of $76.60 million during the quarter, compared to the consensus estimate of $80.48 million. During the same period last year, the business posted $0.22 earnings per share. The business’s revenue for the quarter was up 43.9% on a year-over-year basis.
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Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Physicians Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, August 30th. UBS AG lowered Physicians Realty Trust from a “strong-buy” rating to an “outperform” rating in a report on Monday, July 17th. Morgan Stanley upgraded Physicians Realty Trust from an “underweight” rating to an “equal weight” rating and set a $18.00 price objective for the company in a research report on Monday, July 24th. Cantor Fitzgerald reiterated a “buy” rating and set a $23.00 price objective on shares of Physicians Realty Trust in a research report on Friday, June 30th. Finally, FBR & Co reissued an “outperform” rating and issued a $21.00 target price on shares of Physicians Realty Trust in a report on Tuesday, July 11th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $20.58.
Shares of Physicians Realty Trust (DOC) opened at 17.69 on Monday. Physicians Realty Trust has a 52 week low of $17.12 and a 52 week high of $21.85. The firm has a 50 day moving average price of $18.30 and a 200 day moving average price of $19.36. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 75.60 and a beta of 0.53.
A number of institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Physicians Realty Trust by 5.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,098 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 425 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in Physicians Realty Trust by 603.8% during the second quarter. Chicago Partners Investment Group LLC now owns 9,086 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 7,795 shares in the last quarter. Pinnacle Associates Ltd. purchased a new position in Physicians Realty Trust during the second quarter valued at approximately $205,000. Quantbot Technologies LP boosted its position in shares of Physicians Realty Trust by 69.8% in the first quarter. Quantbot Technologies LP now owns 11,729 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 4,821 shares during the period. Finally, Profund Advisors LLC boosted its position in shares of Physicians Realty Trust by 6.8% in the second quarter. Profund Advisors LLC now owns 11,569 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 733 shares during the period. 94.21% of the stock is owned by institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Investors of record on Tuesday, October 3rd will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend is Monday, October 2nd. Physicians Realty Trust’s dividend payout ratio is 400.02%.
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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