Physicians Realty Trust (NYSE:DOC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors 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 analysts have also recently weighed in on the company. TheStreet raised Physicians Realty Trust from a “hold” rating to a “buy” rating in a report on Thursday, June 16th. BTIG Research initiated coverage on Physicians Realty Trust in a research report on Thursday, August 25th. They set a “buy” rating and a $25.00 price objective on the stock. JMP Securities lowered Physicians Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 22nd. Citigroup Inc. lowered Physicians Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Friday, September 2nd. They noted that the move was a valuation call. Finally, Cantor Fitzgerald initiated coverage on Physicians Realty Trust in a research report on Thursday, June 23rd. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Physicians Realty Trust has an average rating of “Buy” and an average price target of $20.21.
Physicians Realty Trust (NYSE:DOC) traded down 2.19% during trading on Tuesday, hitting $20.34. The company had a trading volume of 1,209,848 shares. The company’s 50 day moving average price is $21.13 and its 200-day moving average price is $20.04. Physicians Realty Trust has a 1-year low of $14.68 and a 1-year high of $22.03. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 103.78 and a beta of 0.58.
Physicians Realty Trust (NYSE:DOC) last released its quarterly earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by $0.01. Physicians Realty Trust had a net margin of 11.73% and a return on equity of 1.59%. The business earned $53.20 million during the quarter, compared to analysts’ expectations of $50.82 million. During the same period in the previous year, the business earned $0.18 EPS. The business’s revenue was up 79.3% on a year-over-year basis. On average, analysts expect that Physicians Realty Trust will post $1.03 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Thursday, October 6th will be given a $0.225 dividend. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.42%. Physicians Realty Trust’s dividend payout ratio is currently 450.00%.
In other news, insider John T. Thomas sold 15,000 shares of Physicians Realty Trust stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $21.79, for a total value of $326,850.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.54% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. UBS Group AG raised its stake in shares of Physicians Realty Trust by 13.2% in the first quarter. UBS Group AG now owns 48,059 shares of the real estate investment trust’s stock worth $893,000 after buying an additional 5,594 shares in the last quarter. State Street Corp raised its stake in shares of Physicians Realty Trust by 27.9% in the first quarter. State Street Corp now owns 1,906,707 shares of the real estate investment trust’s stock worth $35,429,000 after buying an additional 415,461 shares in the last quarter. Credit Agricole S A raised its stake in shares of Physicians Realty Trust by 46.0% in the first quarter. Credit Agricole S A now owns 37,615 shares of the real estate investment trust’s stock worth $699,000 after buying an additional 11,860 shares in the last quarter. M&T Bank Corp acquired a new stake in shares of Physicians Realty Trust during the first quarter worth $213,000. Finally, Brookfield Asset Management Inc. acquired a new stake in shares of Physicians Realty Trust during the first quarter worth $63,598,000. Hedge funds and other institutional investors own 94.08% of the company’s stock.
Physicians Realty Trust Company Profile
Physicians Realty Trust is a healthcare real estate company. The Company is engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company’s portfolio includes approximately 150 properties located in approximately 30 states with approximately 5,799,340 net leasable square feet.
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