Prudential Financial Inc. boosted its position in shares of Physicians Realty Trust (NYSE:DOC) by 9.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,276,094 shares of the real estate investment trust’s stock after acquiring an additional 204,130 shares during the period. Prudential Financial Inc. owned approximately 1.45% of Physicians Realty Trust worth $40,355,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Chicago Partners Investment Group LLC increased its stake 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 acquiring an additional 7,795 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Physicians Realty Trust by 16.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,462 shares of the real estate investment trust’s stock valued at $191,000 after acquiring an additional 1,364 shares during the period. Pinnacle Associates Ltd. bought a new position in Physicians Realty Trust during the second quarter valued at about $205,000. Profund Advisors LLC increased its stake in Physicians Realty Trust by 6.8% during the second quarter. Profund Advisors LLC now owns 11,569 shares of the real estate investment trust’s stock valued at $233,000 after acquiring an additional 733 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in Physicians Realty Trust by 1.7% during the second quarter. Teacher Retirement System of Texas now owns 11,997 shares of the real estate investment trust’s stock valued at $242,000 after acquiring an additional 203 shares during the period. Hedge funds and other institutional investors own 93.66% of the company’s stock.
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In other Physicians Realty Trust news, insider Jeffrey Theiler bought 5,634 shares of Physicians Realty Trust stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average cost of $17.76 per share, with a total value of $100,059.84. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.51% of the stock is owned by insiders.
Several equities analysts recently issued reports on DOC shares. UBS AG lowered Physicians Realty Trust from a “strong-buy” rating to an “outperform” rating in a research note on Monday, July 17th. Raymond James Financial, Inc. lowered Physicians Realty Trust from a “strong-buy” rating to an “outperform” rating and set a $21.00 price objective on the stock. in a research note 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 on the stock in a research note on Monday, July 24th. Zacks Investment Research upgraded Physicians Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Jefferies Group LLC upgraded Physicians Realty Trust from an “underperform” rating to a “hold” rating and upped their price objective for the company from $17.00 to $18.00 in a research note on Monday, August 21st. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $20.50.
Physicians Realty Trust (NYSE DOC) opened at $18.29 on Monday. The company has a market capitalization of $3,277.91, a P/E ratio of 17.42, a PEG ratio of 2.48 and a beta of 0.52. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.46. Physicians Realty Trust has a 1-year low of $17.25 and a 1-year high of $21.85.
Physicians Realty Trust (NYSE:DOC) last announced its 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 business had revenue of $93.00 million during 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 firm’s revenue was up 32.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 earnings per share. research analysts anticipate that Physicians Realty Trust will post 1.05 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 18th. Stockholders of record on Tuesday, October 3rd were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend was Monday, October 2nd. Physicians Realty Trust’s payout ratio is currently 400.02%.
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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