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. “
A number of other equities analysts have also recently issued reports on the company. BMO Capital Markets decreased their target price on AKITA Drilling from C$5.00 to C$3.50 in a report on Tuesday, May 7th. Capital One Financial cut 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. Morgan Stanley set a $111.00 target price on Procter & Gamble and gave the stock a buy rating in a report on Thursday, March 28th. Citigroup set a $5.00 target price on Forum Energy Technologies and gave the stock a buy rating in a report on Thursday, June 20th. Finally, ValuEngine upgraded Zogenix from a buy rating to a strong-buy rating in a report on Thursday, June 27th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Physicians Realty Trust currently has a consensus rating of Hold and a consensus price target of $18.15.
Physicians Realty Trust (NYSE:DOC) last issued its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.01). The company had revenue of $105.40 million during the quarter, compared to analyst estimates of $104.27 million. Physicians Realty Trust had a return on equity of 2.28% and a net margin of 13.34%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 earnings per share. As a group, sell-side analysts expect that Physicians Realty Trust will post 1.06 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Wednesday, July 3rd will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.24%. Physicians Realty Trust’s dividend payout ratio is 85.19%.
In other news, insider John T. Thomas sold 5,000 shares of Physicians Realty Trust stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $18.26, for a total transaction of $91,300.00. Following the transaction, the insider now owns 311,251 shares in the company, valued at $5,683,443.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 15,000 shares of company stock worth $266,300 in the last quarter. 0.62% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of DOC. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Physicians Realty Trust during the first quarter valued at $42,647,000. Norges Bank purchased a new position in shares of Physicians Realty Trust during the fourth quarter valued at $35,906,000. FIL Ltd purchased a new position in shares of Physicians Realty Trust during the first quarter valued at $20,691,000. Thrivent Financial for Lutherans grew its holdings in shares of Physicians Realty Trust by 95.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 935,178 shares of the real estate investment trust’s stock valued at $14,991,000 after buying an additional 456,152 shares in the last quarter. Finally, Peregrine Capital Management LLC purchased a new position in shares of Physicians Realty Trust during the first quarter valued at $7,545,000. Institutional investors and hedge funds own 95.83% 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.
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