Physicians Realty Trust (DOC) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Physicians Realty Trust (NYSE:DOC) from a strong sell rating to a hold rating in a research report released on Tuesday.

According to Zacks, “Physicians Realty Trust is a REIT. It is a self-managed healthcare real estate company engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company’s principal investments will include medical office buildings, outpatient treatment facilities, acute and post-acute care hospitals, as well as other real estate integral to healthcare providers. Physicians Realty Trust is based in Milwaukee, Wisconsin. “

Several other equities research analysts have also recently commented on DOC. Jefferies Group LLC restated a hold rating and issued a $21.00 target price on shares of Physicians Realty Trust in a research note on Wednesday, June 14th. BidaskClub upgraded Physicians Realty Trust from a hold rating to a buy rating in a research note on Friday, June 23rd. Cantor Fitzgerald restated a buy rating and issued a $23.00 target price on shares of Physicians Realty Trust in a research note on Friday, June 30th. FBR & Co restated an outperform rating and issued a $21.00 target price on shares of Physicians Realty Trust in a research note on Tuesday, July 11th. Finally, Stifel Nicolaus cut their target price on Physicians Realty Trust from $23.00 to $22.00 and set a buy rating on the stock in a research note on Wednesday, July 12th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $20.50.

Shares of Physicians Realty Trust (NYSE:DOC) opened at 18.57 on Tuesday. Physicians Realty Trust has a 52 week low of $17.12 and a 52 week high of $21.95. The company’s 50-day moving average is $18.38 and its 200 day moving average is $19.49. The stock has a market cap of $2.92 billion, a PE ratio of 79.36 and a beta of 0.55.

Physicians Realty Trust (NYSE:DOC) last released its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The firm had revenue of $76.60 million for the quarter, compared to analysts’ expectations of $80.48 million. Physicians Realty Trust had a return on equity of 1.75% and a net margin of 11.51%. The business’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 EPS. Analysts forecast that Physicians Realty Trust will post $0.27 earnings per share for the current fiscal year.

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Several hedge funds have recently bought and sold shares of DOC. Wells Fargo & Company MN increased its holdings in shares of Physicians Realty Trust by 64.5% during the 1st quarter. Wells Fargo & Company MN now owns 1,080,135 shares of the real estate investment trust’s stock worth $21,462,000 after acquiring an additional 423,708 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Physicians Realty Trust during the 1st quarter worth approximately $3,974,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Physicians Realty Trust by 11.9% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,592 shares of the real estate investment trust’s stock worth $469,000 after acquiring an additional 2,502 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Physicians Realty Trust by 1.6% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 137,861 shares of the real estate investment trust’s stock worth $2,739,000 after acquiring an additional 2,216 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Physicians Realty Trust by 4.1% during the 1st quarter. Bank of New York Mellon Corp now owns 1,409,893 shares of the real estate investment trust’s stock worth $28,014,000 after acquiring an additional 55,472 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Physicians Realty Trust (NYSE:DOC)

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