Zacks Investment Research upgraded shares of Physicians Realty Trust (NYSE:DOC) from a sell rating to a buy rating in a report released on Wednesday, Zacks.com reports. Zacks Investment Research currently has $19.00 price target on the real estate investment trust’s stock.
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. “
Other research analysts have also recently issued reports about the company. ValuEngine cut Physicians Realty Trust from a buy rating to a hold rating in a research report on Thursday, June 27th. 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 research report on Thursday, May 2nd. Citigroup initiated coverage on Physicians Realty Trust in a research report on Thursday, June 20th. They issued a neutral rating and a $18.50 target price on the stock. Finally, BMO Capital Markets cut Physicians Realty Trust from an outperform rating to a market perform rating and set a $17.45 target price on the stock. in a research report on Tuesday, May 7th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $18.27.
Physicians Realty Trust (NYSE:DOC) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $105.40 million during 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 for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 earnings per share. Research analysts expect that Physicians Realty Trust will post 1.06 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, July 3rd were given a $0.23 dividend. The ex-dividend date was Tuesday, July 2nd. This represents a $0.92 annualized dividend and a yield of 5.39%. Physicians Realty Trust’s payout ratio is 85.19%.
In other news, insider John T. Thomas sold 5,000 shares of Physicians Realty Trust stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $17.50, for a total transaction of $87,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 15,000 shares of company stock worth $266,300. Insiders own 0.62% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. James Investment Research Inc. purchased a new position in shares of Physicians Realty Trust during the 2nd quarter valued at about $26,000. Advisory Services Network LLC lifted its position 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. Optimum Investment Advisors lifted its position in shares of Physicians Realty Trust by 280.0% during the 2nd quarter. Optimum Investment Advisors now owns 3,800 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 2,800 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of Physicians Realty Trust during the 2nd quarter valued at about $70,000. Finally, Quadrant Capital Group LLC purchased a new position in shares of Physicians Realty Trust during the 1st quarter valued at about $91,000. 95.65% of the stock is currently 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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