Physicians Realty Trust (DOC) Rating Reiterated by Cantor Fitzgerald
Physicians Realty Trust (NYSE:DOC)‘s stock had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald in a report issued on Friday. They currently have a $23.00 price target on the real estate investment trust’s stock. Cantor Fitzgerald’s target price would indicate a potential upside of 27.14% from the company’s previous close.
DOC has been the topic of a number of other reports. BTIG Research started coverage on shares of Physicians Realty Trust in a research report on Thursday, August 25th. They set a “buy” rating and a $25.00 target price on the stock. Citigroup Inc. downgraded shares of Physicians Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Friday, September 2nd. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Physicians Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Raymond James Financial Inc. downgraded shares of Physicians Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Friday, September 2nd. Finally, Mizuho cut their price target on shares of Physicians Realty Trust from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, November 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Physicians Realty Trust currently has an average rating of “Buy” and an average target price of $20.93.
Physicians Realty Trust (NYSE:DOC) opened at 18.09 on Friday. The stock has a market capitalization of $2.43 billion, a P/E ratio of 82.60 and a beta of 0.63. Physicians Realty Trust has a 12 month low of $15.28 and a 12 month high of $22.03. The company’s 50-day moving average is $19.83 and its 200-day moving average is $20.27.
Physicians Realty Trust (NYSE:DOC) last released its earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by $0.01. Physicians Realty Trust had a net margin of 12.86% and a return on equity of 1.77%. The business had revenue of $70 million for the quarter, compared to analyst estimates of $66.21 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The business’s revenue for the quarter was up 100.6% on a year-over-year basis. Equities analysts anticipate that Physicians Realty Trust will post $1.01 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 18th. Stockholders of record on Thursday, October 6th were paid a dividend of $0.225 per share. The ex-dividend date was Tuesday, October 4th. This represents a $0.90 annualized dividend and a dividend yield of 4.98%. Physicians Realty Trust’s dividend payout ratio is currently 409.11%.
In other news, insider John T. Thomas sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $21.79, for a total transaction of $326,850.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Albert Black, Jr. purchased 4,439 shares of the firm’s stock in a transaction dated Thursday, November 10th. The shares were acquired at an average cost of $17.50 per share, with a total value of $77,682.50. Following the completion of the purchase, the director now directly owns 26,772 shares in the company, valued at $468,510. The disclosure for this purchase can be found here. Insiders own 0.54% of the company’s stock.
Institutional investors have recently modified their holdings of the company. TIAA CREF Investment Management LLC boosted its position in shares of Physicians Realty Trust by 16.9% in the first quarter. TIAA CREF Investment Management LLC now owns 316,189 shares of the real estate investment trust’s stock valued at $5,875,000 after buying an additional 45,669 shares in the last quarter. Teachers Advisors Inc. boosted its position in Physicians Realty Trust by 25.9% in the first quarter. Teachers Advisors Inc. now owns 154,498 shares of the real estate investment trust’s stock valued at $2,871,000 after buying an additional 31,794 shares in the last quarter. BlackRock Fund Advisors boosted its position in Physicians Realty Trust by 23.1% in the first quarter. BlackRock Fund Advisors now owns 2,731,856 shares of the real estate investment trust’s stock valued at $50,758,000 after buying an additional 511,931 shares in the last quarter. M&T Bank Corp purchased a new position in Physicians Realty Trust during the first quarter valued at $213,000. Finally, Credit Agricole S A boosted its position in Physicians Realty Trust by 46.0% in the first quarter. Credit Agricole S A now owns 37,615 shares of the real estate investment trust’s stock valued at $699,000 after buying an additional 11,860 shares in the last quarter. 96.93% of the stock is owned by institutional investors.
Physicians Realty Trust Company Profile
Physicians Realty Trust is a healthcare real estate company. The Company is engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company’s portfolio includes approximately 150 properties located in approximately 30 states with approximately 5,799,340 net leasable square feet.
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