Teachers Insurance & Annuity Association of America decreased its holdings in shares of Physicians Realty Trust (NYSE:DOC) by 32.5% in the 1st quarter, HoldingsChannel reports. The fund owned 168,960 shares of the real estate investment trust’s stock after selling 81,412 shares during the period. Teachers Insurance & Annuity Association of America’s holdings in Physicians Realty Trust were worth $3,178,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. Macroview Investment Management LLC bought a new stake in Physicians Realty Trust in the fourth quarter valued at approximately $32,000. We Are One Seven LLC bought a new stake in Physicians Realty Trust in the fourth quarter valued at approximately $38,000. Lindbrook Capital LLC bought a new stake in Physicians Realty Trust in the fourth quarter valued at approximately $42,000. Quantamental Technologies LLC bought a new stake in Physicians Realty Trust in the fourth quarter valued at approximately $75,000. Finally, Quadrant Capital Group LLC bought a new position in shares of Physicians Realty Trust during the 1st quarter worth approximately $91,000. Institutional investors own 94.12% of the company’s stock.
Shares of Physicians Realty Trust stock traded up $0.10 on Monday, reaching $18.15. 11,181 shares of the company’s stock were exchanged, compared to its average volume of 988,234. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 16.76 and a beta of 0.59. Physicians Realty Trust has a 52 week low of $14.41 and a 52 week high of $19.16. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.53 and a current ratio of 1.53.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Stockholders 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 dividend yield of 5.07%. The ex-dividend date of this dividend was Tuesday, April 2nd. Physicians Realty Trust’s payout ratio is 85.19%.
DOC has been the topic of a number of research analyst reports. Zacks Investment Research cut Physicians Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, January 31st. ValuEngine upgraded Physicians Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Capital One Financial cut Physicians Realty Trust from an “overweight” rating to an “equal weight” rating and set a $18.75 price target on the stock. in a report on Thursday, May 2nd. Finally, Morgan Stanley set a $19.00 price target on Physicians Realty Trust and gave the stock a “hold” rating in a report on Thursday, March 28th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. Physicians Realty Trust presently has an average rating of “Buy” and an average target price of $18.12.
Physicians Realty Trust Profile
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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