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. “
A number of other equities research analysts have also weighed in on the company. Citigroup set a $5.00 price objective on Forum Energy Technologies and gave the company a buy rating in a research note on Thursday, June 20th. ValuEngine upgraded Zogenix from a buy rating to a strong-buy rating in a research note on Thursday, June 27th. BMO Capital Markets lowered their price objective on AKITA Drilling from C$5.00 to C$3.50 in a research note on Tuesday, May 7th. Morgan Stanley set a $111.00 target price on Procter & Gamble and gave the stock a buy rating in a research report on Thursday, March 28th. Finally, Capital One Financial lowered Physicians Realty Trust from an overweight rating to an equal weight rating and set a $18.75 target price for the company. in a research report on Thursday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $18.15.
Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Physicians Realty Trust had a net margin of 13.34% and a return on equity of 2.28%. The business had revenue of $105.40 million for the quarter, compared to analyst estimates of $104.27 million. During the same quarter last year, the business earned $0.26 EPS. Physicians Realty Trust’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities analysts anticipate that Physicians Realty Trust will post 1.06 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Wednesday, July 3rd will be given a $0.23 dividend. The ex-dividend date is Tuesday, July 2nd. This represents a $0.92 annualized dividend and a dividend yield of 5.24%. Physicians Realty Trust’s payout ratio is 85.19%.
In other news, insider John T. Thomas sold 5,000 shares of Physicians Realty Trust stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $17.50, for a total value of $87,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 15,000 shares of company stock valued at $266,300. Insiders own 0.62% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of DOC. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Physicians Realty Trust in the 1st quarter worth approximately $42,647,000. Norges Bank bought a new stake in shares of Physicians Realty Trust in the 4th quarter worth approximately $35,906,000. FIL Ltd bought a new stake in shares of Physicians Realty Trust in the 1st quarter worth approximately $20,691,000. Thrivent Financial for Lutherans lifted its holdings in shares of Physicians Realty Trust by 95.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 935,178 shares of the real estate investment trust’s stock worth $14,991,000 after purchasing an additional 456,152 shares during the last quarter. Finally, Peregrine Capital Management LLC bought a new stake in shares of Physicians Realty Trust in the 1st quarter worth approximately $7,545,000. Institutional investors own 95.83% of the company’s stock.
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.
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