Physicians Realty Trust (DOC) Expected to Post Quarterly Sales of $105.79 Million

Brokerages expect Physicians Realty Trust (NYSE:DOC) to post sales of $105.79 million for the current quarter, according to Zacks. Seven analysts have issued estimates for Physicians Realty Trust’s earnings. The lowest sales estimate is $103.39 million and the highest is $107.90 million. Physicians Realty Trust posted sales of $106.99 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.1%. The company is scheduled to issue its next earnings report on Thursday, August 1st.

According to Zacks, analysts expect that Physicians Realty Trust will report full-year sales of $428.14 million for the current financial year, with estimates ranging from $415.87 million to $434.80 million. For the next fiscal year, analysts expect that the firm will post sales of $448.87 million, with estimates ranging from $424.49 million to $466.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Physicians Realty Trust.

Physicians Realty Trust (NYSE:DOC) last posted its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). The business had revenue of $105.40 million for the quarter, compared to analysts’ expectations of $104.27 million. Physicians Realty Trust had a return on equity of 2.28% and a net margin of 13.34%. The company’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share.

Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Physicians Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, January 31st. ValuEngine upgraded shares of Physicians Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Capital One Financial cut shares of Physicians Realty Trust from an “overweight” rating to an “equal weight” rating and set a $18.75 target price on the stock. in a report on Thursday, May 2nd. Finally, BMO Capital Markets cut shares of Physicians Realty Trust from an “outperform” rating to a “market perform” rating and set a $17.45 target price on the stock. in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $18.12.

Shares of DOC stock traded up $0.23 during trading hours on Friday, hitting $18.54. 698,581 shares of the company’s stock were exchanged, compared to its average volume of 1,254,641. The company has a market capitalization of $3.40 billion, a PE ratio of 17.16 and a beta of 0.59. Physicians Realty Trust has a 12-month low of $14.41 and a 12-month 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.

Several hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC boosted its holdings in shares of Physicians Realty Trust by 23.9% during the 1st quarter. Advisory Services Network LLC now owns 3,124 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 602 shares in the last quarter. Nordea Investment Management AB purchased a new position in shares of Physicians Realty Trust in the 1st quarter worth about $6,688,000. Sandler Capital Management purchased a new position in shares of Physicians Realty Trust in the 1st quarter worth about $9,969,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Physicians Realty Trust by 8.8% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,940 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 562 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of Physicians Realty Trust by 26.3% in the 1st quarter. Macquarie Group Ltd. now owns 2,574,220 shares of the real estate investment trust’s stock worth $48,421,000 after purchasing an additional 536,350 shares during the last quarter. Hedge funds and other institutional investors own 92.31% of the company’s stock.

Physicians Realty Trust Company 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.

Further Reading: Quiet Period Expirations

Get a free copy of the Zacks research report on Physicians Realty Trust (DOC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Physicians Realty Trust (NYSE:DOC)

Receive News & Ratings for Physicians Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Physicians Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.