Physicians Realty Trust (NYSE:DOC) Rating Lowered to Outperform at UBS AG
Physicians Realty Trust (NYSE:DOC) was downgraded by stock analysts at UBS AG from a “strong-buy” rating to an “outperform” rating in a research note issued to investors on Monday, The Fly reports.
Several other equities research analysts also recently issued reports on DOC. Stifel Nicolaus lowered their price target on Physicians Realty Trust from $23.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, July 12th. Jefferies Group LLC downgraded Physicians Realty Trust from a “hold” rating to an “underperform” rating and lowered their price target for the stock from $21.00 to $17.00 in a report on Friday, July 7th. Zacks Investment Research downgraded Physicians Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. BidaskClub downgraded Physicians Realty Trust from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, FBR & Co reaffirmed an “outperform” rating and set a $21.00 price objective on shares of Physicians Realty Trust in a research report on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $21.21.
Shares of Physicians Realty Trust (DOC) traded up 1.25% during trading on Monday, reaching $18.65. The company had a trading volume of 436,928 shares. The firm has a market capitalization of $2.86 billion, a P/E ratio of 84.39 and a beta of 0.58. Physicians Realty Trust has a 52-week low of $17.12 and a 52-week high of $22.03. The company has a 50 day moving average of $20.33 and a 200-day moving average of $19.64.
Physicians Realty Trust (NYSE:DOC) last released its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by $0.02. Physicians Realty Trust had a net margin of 11.42% and a return on equity of 1.68%. The company had revenue of $76.70 million during the quarter, compared to the consensus estimate of $77.57 million. During the same quarter in the prior year, the company posted $0.22 EPS. The company’s revenue for the quarter was up 73.9% compared to the same quarter last year. Equities analysts expect that Physicians Realty Trust will post $0.26 earnings per share for the current year.
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Several large investors have recently added to or reduced their stakes in DOC. BlackRock Inc. increased its stake in Physicians Realty Trust by 7,013.7% in the first quarter. BlackRock Inc. now owns 14,247,372 shares of the real estate investment trust’s stock valued at $283,095,000 after buying an additional 14,047,091 shares during the period. Vanguard Group Inc. increased its stake in Physicians Realty Trust by 14.2% in the first quarter. Vanguard Group Inc. now owns 23,679,564 shares of the real estate investment trust’s stock valued at $470,512,000 after buying an additional 2,944,997 shares during the period. Norges Bank purchased a new stake in Physicians Realty Trust during the fourth quarter valued at $25,379,000. Weiss Multi Strategy Advisers LLC purchased a new stake in Physicians Realty Trust during the first quarter valued at $23,844,000. Finally, Nuveen Asset Management LLC increased its stake in Physicians Realty Trust by 155.3% in the first quarter. Nuveen Asset Management LLC now owns 1,935,421 shares of the real estate investment trust’s stock valued at $38,457,000 after buying an additional 1,177,428 shares during the period. 79.96% of the stock is currently owned by institutional investors.
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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