Zacks Investment Research downgraded shares of Physicians Realty Trust (NYSE:DOC) from a hold rating to a sell rating in a research note published on Tuesday, July 11th.

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. “

Several other analysts also recently weighed in on the stock. FBR & Co initiated coverage on shares of Physicians Realty Trust in a research report on Monday, April 3rd. They set an outperform rating and a $23.00 price objective for the company. BidaskClub upgraded shares of Physicians Realty Trust from a hold rating to a buy rating in a research report on Friday, June 23rd. Jefferies Group LLC restated a hold rating and set a $21.00 price objective on shares of Physicians Realty Trust in a research report on Wednesday, June 14th. BTIG Research lifted their target price on shares of Physicians Realty Trust from $20.00 to $22.00 and gave the company a buy rating in a report on Tuesday, April 11th. Finally, Cantor Fitzgerald reaffirmed a buy rating and issued a $23.00 target price on shares of Physicians Realty Trust in a report on Friday, June 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $20.85.

Physicians Realty Trust (NYSE:DOC) opened at 18.29 on Tuesday. The company’s 50 day moving average is $19.72 and its 200 day moving average is $19.62. Physicians Realty Trust has a 1-year low of $17.12 and a 1-year high of $22.03. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 82.76 and a beta of 0.55.

Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Physicians Realty Trust had a net margin of 11.51% and a return on equity of 1.82%. The company had revenue of $76.60 million during the quarter, compared to the consensus estimate of $80.48 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The firm’s quarterly revenue was up 43.9% on a year-over-year basis. Equities research analysts forecast that Physicians Realty Trust will post $0.23 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Monday, July 3rd were given a $0.23 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This is a positive change from Physicians Realty Trust’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 5.03%. Physicians Realty Trust’s payout ratio is currently 400.02%.

Several large investors have recently added to or reduced their stakes in DOC. State of New Jersey Common Pension Fund D raised its stake in Physicians Realty Trust by 1.5% in the first quarter. State of New Jersey Common Pension Fund D now owns 693,000 shares of the real estate investment trust’s stock valued at $13,770,000 after buying an additional 10,000 shares in the last quarter. Strs Ohio raised its stake in Physicians Realty Trust by 9.7% in the first quarter. Strs Ohio now owns 275,382 shares of the real estate investment trust’s stock valued at $5,471,000 after buying an additional 24,438 shares in the last quarter. Sit Investment Associates Inc. raised its stake in Physicians Realty Trust by 1,087.4% in the first quarter. Sit Investment Associates Inc. now owns 1,116,135 shares of the real estate investment trust’s stock valued at $22,178,000 after buying an additional 1,022,135 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Physicians Realty Trust by 27.0% in the first quarter. State of Alaska Department of Revenue now owns 69,740 shares of the real estate investment trust’s stock valued at $1,385,000 after buying an additional 14,830 shares in the last quarter. Finally, Anderson Hoagland & Co. raised its stake in Physicians Realty Trust by 6.8% in the first quarter. Anderson Hoagland & Co. now owns 55,435 shares of the real estate investment trust’s stock valued at $1,089,000 after buying an additional 3,535 shares in the last quarter. Institutional investors and hedge funds own 79.98% of the company’s stock.

About Physicians Realty Trust

Physicians Realty Trust (the Trust) is a real estate investment trust. Physicians Realty L.P. is the operating partnership of the Trust. The Trust and its operating partnership are engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems.

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