Physicians Realty Trust (NYSE:DOC) Given a $19.00 Price Target by Morgan Stanley Analysts

Morgan Stanley set a $19.00 price objective on Physicians Realty Trust (NYSE:DOC) in a report issued on Thursday, March 28th, Stock Target Advisor reports. The brokerage currently has a hold rating on the real estate investment trust’s stock.

DOC has been the subject of a number of other reports. Zacks Investment Research cut Physicians Realty Trust from a hold rating to a sell rating in a research note on Thursday, March 21st. ValuEngine raised Physicians Realty Trust from a hold rating to a buy rating in a research note on Friday, February 8th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $18.00.

NYSE:DOC traded up $0.27 on Thursday, hitting $17.87. 926,476 shares of the stock were exchanged, compared to its average volume of 1,242,569. The stock has a market capitalization of $3.26 billion, a P/E ratio of 16.55 and a beta of 0.62. Physicians Realty Trust has a 52 week low of $14.34 and a 52 week high of $19.16. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63.

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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01). The firm had revenue of $105.31 million for the quarter, compared to the consensus estimate of $104.75 million. Physicians Realty Trust had a return on equity of 2.26% and a net margin of 13.31%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 earnings per share. As a group, equities analysts predict that Physicians Realty Trust will post 1.08 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Wednesday, April 3rd were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date was Tuesday, April 2nd. Physicians Realty Trust’s dividend payout ratio (DPR) is currently 85.19%.

A number of large investors have recently added to or reduced their stakes in DOC. Macroview Investment Management LLC acquired a new stake in shares of Physicians Realty Trust in the 4th quarter valued at approximately $32,000. We Are One Seven LLC acquired a new stake in shares of Physicians Realty Trust in the 4th quarter valued at approximately $38,000. Lindbrook Capital LLC bought a new stake in Physicians Realty Trust in the 4th quarter valued at $42,000. Quantamental Technologies LLC bought a new stake in Physicians Realty Trust in the 4th quarter valued at $75,000. Finally, Belpointe Asset Management LLC bought a new stake in Physicians Realty Trust in the 3rd quarter valued at $109,000. 93.66% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Physicians Realty Trust (NYSE:DOC)

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