Stock Traders Buy High Volume of Physicians Realty Trust Call Options (DOC)

Physicians Realty Trust (NYSE:DOC) was the recipient of unusually large options trading activity on Monday. Stock traders bought 515 call options on the stock. This is an increase of 692% compared to the typical volume of 65 call options.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in Physicians Realty Trust during the 4th quarter worth $35,906,000. Rehmann Capital Advisory Group lifted its holdings in Physicians Realty Trust by 1,571.6% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,649,447 shares of the real estate investment trust’s stock worth $97,832,000 after buying an additional 1,550,770 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Physicians Realty Trust by 379.4% in the 3rd quarter. Macquarie Group Ltd. now owns 1,690,733 shares of the real estate investment trust’s stock valued at $28,506,000 after purchasing an additional 1,338,058 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Physicians Realty Trust by 27.6% in the 3rd quarter. Deutsche Bank AG now owns 6,044,245 shares of the real estate investment trust’s stock valued at $101,901,000 after purchasing an additional 1,308,819 shares in the last quarter. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of Physicians Realty Trust in the 4th quarter valued at about $11,808,000. 93.68% of the stock is owned by institutional investors.

Shares of NYSE DOC opened at $18.66 on Tuesday. Physicians Realty Trust has a 52-week low of $14.34 and a 52-week high of $19.16. The firm has a market cap of $3.43 billion, a PE ratio of 17.28 and a beta of 0.62. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04.

Physicians Realty Trust (NYSE:DOC) last announced its quarterly earnings data on Wednesday, February 27th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01). Physicians Realty Trust had a net margin of 13.31% and a return on equity of 2.26%. The company had revenue of $105.31 million for the quarter, compared to analysts’ expectations of $104.75 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts expect that Physicians Realty Trust will post 1.08 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Wednesday, April 3rd will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $0.92 annualized dividend and a dividend yield of 4.93%. Physicians Realty Trust’s dividend payout ratio is presently 85.19%.

Several analysts have commented on the stock. Zacks Investment Research cut shares of Physicians Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, March 28th. Morgan Stanley set a $19.00 target price on shares of Physicians Realty Trust and gave the stock a “hold” rating in a research note on Thursday, March 28th. Finally, ValuEngine raised shares of Physicians Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $18.00.

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About Physicians Realty Trust

Physicians Realty Trust is a self-managed healthcare real estate company organized to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company invests in real estate that is integral to providing high quality healthcare.

Further Reading: What is a portfolio manager?

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