Physicians Realty Trust (DOC) Director Buys $77,682.50 in Stock
Physicians Realty Trust (NYSE:DOC) Director Albert Black, Jr. bought 4,439 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The shares were acquired at an average price of $17.50 per share, with a total value of $77,682.50. Following the completion of the transaction, the director now directly owns 26,772 shares of the company’s stock, valued at $468,510. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Physicians Realty Trust (NYSE:DOC) opened at 17.99 on Thursday. Physicians Realty Trust has a 12 month low of $15.38 and a 12 month high of $22.03. The company has a market capitalization of $2.42 billion, a PE ratio of 82.15 and a beta of 0.63. The company has a 50-day moving average price of $19.63 and a 200 day moving average price of $20.26.
Physicians Realty Trust (NYSE:DOC) last posted its quarterly earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The company had revenue of $70 million for the quarter, compared to analyst estimates of $66.21 million. Physicians Realty Trust had a return on equity of 1.77% and a net margin of 12.86%. The firm’s revenue for the quarter was up 100.6% compared to the same quarter last year. During the same period last year, the firm earned $0.26 EPS. On average, equities research analysts forecast that Physicians Realty Trust will post $1.01 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 18th. Shareholders of record on Thursday, October 6th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend was Tuesday, October 4th. Physicians Realty Trust’s dividend payout ratio (DPR) is 409.11%.
DOC has been the subject of a number of research reports. SunTrust Banks Inc. boosted their target price on shares of Physicians Realty Trust from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, August 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. Compass Point upped their price objective on shares of Physicians Realty Trust from $20.50 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, August 9th. Cantor Fitzgerald reiterated a “buy” rating and issued a $23.00 price objective on shares of Physicians Realty Trust in a research report on Friday, November 11th. Finally, Mizuho decreased their price objective on shares of Physicians Realty Trust from $22.00 to $21.00 and set a “buy” rating for the company 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 given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $20.93.
Several hedge funds and other institutional investors have recently bought and sold shares of DOC. LPL Financial LLC bought a new position in Physicians Realty Trust during the third quarter valued at $217,000. Crow Point Partners LLC bought a new position in Physicians Realty Trust during the third quarter valued at $7,431,000. Credit Suisse AG raised its position in Physicians Realty Trust by 1.4% in the third quarter. Credit Suisse AG now owns 371,413 shares of the real estate investment trust’s stock valued at $8,001,000 after buying an additional 5,093 shares during the period. Barings Real Estate Advisers LLC raised its position in Physicians Realty Trust by 15.1% in the third quarter. Barings Real Estate Advisers LLC now owns 341,261 shares of the real estate investment trust’s stock valued at $7,351,000 after buying an additional 44,653 shares during the period. Finally, Gerstein Fisher raised its position in Physicians Realty Trust by 67.9% in the third quarter. Gerstein Fisher now owns 141,001 shares of the real estate investment trust’s stock valued at $3,037,000 after buying an additional 57,040 shares during the period. 96.93% of the stock is currently owned by hedge funds and other 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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