Physicians Realty Trust (NYSE:doc) declared a quarterly dividend on Monday, September 26th. Stockholders of record on Thursday, October 6th will be given a dividend of 0.225 per share by the real estate investment trust on Tuesday, October 18th. This represents a $0.90 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Tuesday, October 4th.
Physicians Realty Trust (NYSE:DOC) opened at 21.77 on Tuesday. The firm has a market cap of $2.92 billion, a P/E ratio of 111.07 and a beta of 0.57. Physicians Realty Trust has a 1-year low of $14.68 and a 1-year high of $22.03. The stock’s 50 day moving average price is $21.06 and its 200 day moving average price is $19.92.
Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the Zacks’ 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 firm earned $53.20 million during the quarter, compared to the consensus estimate of $50.82 million. During the same quarter last year, the firm posted $0.18 earnings per share. Physicians Realty Trust’s revenue was up 79.3% compared to the same quarter last year. Equities research analysts predict that Physicians Realty Trust will post $1.03 EPS for the current year.
In other news, insider John T. Thomas sold 15,000 shares of the company’s stock in a transaction 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. increased its stake in shares of Physicians Realty Trust by 42.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,358,179 shares of the real estate investment trust’s stock valued at $91,565,000 after buying an additional 1,292,821 shares in the last quarter. Janus Capital Management LLC bought a new stake in shares of Physicians Realty Trust during the second quarter valued at approximately $21,015,000. BlackRock Fund Advisors increased its stake in shares of Physicians Realty Trust by 27.3% in the second quarter. BlackRock Fund Advisors now owns 3,478,493 shares of the real estate investment trust’s stock valued at $73,083,000 after buying an additional 746,637 shares in the last quarter. State Street Corp increased its stake in shares of Physicians Realty Trust by 27.2% in the second quarter. State Street Corp now owns 2,426,123 shares of the real estate investment trust’s stock valued at $50,972,000 after buying an additional 519,416 shares in the last quarter. Finally, FMR LLC bought a new stake in shares of Physicians Realty Trust during the second quarter valued at approximately $10,513,000. Institutional investors and hedge funds own 94.08% of the company’s stock.
A number of equities research analysts have recently weighed in on DOC shares. SunTrust Banks Inc. boosted their price target on Physicians Realty Trust from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Raymond James Financial Inc. downgraded Physicians Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Friday, September 2nd. Compass Point upped their price objective on Physicians Realty Trust from $20.50 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, August 9th. BTIG Research assumed coverage on Physicians Realty Trust in a research note on Thursday, August 25th. They set a “buy” rating and a $25.00 price objective for the company. Finally, Citigroup Inc. downgraded Physicians Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Friday, September 2nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $20.21.
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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