Cantor Fitzgerald reissued their overweight rating on shares of Physicians Realty Trust (NYSE:DOC) in a report released on Monday morning. They currently have a $21.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $23.00.

Several other brokerages also recently weighed in on DOC. BidaskClub upgraded Physicians Realty Trust from a hold rating to a buy rating in a report on Friday, June 23rd. Jefferies Group LLC restated a hold rating and set a $21.00 price target on shares of Physicians Realty Trust in a report on Wednesday, June 14th. Morgan Stanley upgraded Physicians Realty Trust from an underweight rating to an equal weight rating and set a $18.00 price target on the stock in a report on Monday, July 24th. Raymond James Financial, Inc. downgraded Physicians Realty Trust from a strong-buy rating to an outperform rating and set a $21.00 price target on the stock. in a report on Monday, July 17th. Finally, UBS AG downgraded Physicians Realty Trust from a strong-buy rating to an outperform rating in a report on Monday, July 17th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Physicians Realty Trust has a consensus rating of Buy and a consensus target price of $20.50.

Physicians Realty Trust (DOC) opened at 18.23 on Monday. Physicians Realty Trust has a 12 month low of $17.12 and a 12 month high of $22.03. The stock has a market capitalization of $2.87 billion, a P/E ratio of 77.91 and a beta of 0.55. The firm’s 50-day moving average is $18.44 and its 200-day moving average is $19.54.

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 for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Physicians Realty Trust had a return on equity of 1.75% and a net margin of 11.51%. The company had revenue of $76.60 million for the quarter, compared to the consensus estimate of $80.48 million. During the same quarter in the prior year, the business earned $0.22 EPS. Physicians Realty Trust’s revenue was up 43.9% on a year-over-year basis. On average, equities analysts expect that Physicians Realty Trust will post $0.27 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Physicians Realty Trust by 12.8% in the second quarter. Vanguard Group Inc. now owns 26,712,583 shares of the real estate investment trust’s stock worth $537,992,000 after buying an additional 3,033,019 shares in the last quarter. BlackRock Inc. increased its position in Physicians Realty Trust by 1.9% in the second quarter. BlackRock Inc. now owns 14,519,268 shares of the real estate investment trust’s stock worth $292,418,000 after buying an additional 271,896 shares in the last quarter. Principal Financial Group Inc. increased its position in Physicians Realty Trust by 1.5% in the first quarter. Principal Financial Group Inc. now owns 8,823,978 shares of the real estate investment trust’s stock worth $175,220,000 after buying an additional 130,962 shares in the last quarter. Northern Trust Corp increased its position in Physicians Realty Trust by 48.2% in the second quarter. Northern Trust Corp now owns 3,568,761 shares of the real estate investment trust’s stock worth $71,875,000 after buying an additional 1,160,704 shares in the last quarter. Finally, State Street Corp increased its position in Physicians Realty Trust by 7.3% in the second quarter. State Street Corp now owns 3,496,535 shares of the real estate investment trust’s stock worth $70,420,000 after buying an additional 238,502 shares in the last quarter. Institutional investors and hedge funds own 82.29% 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.

Analyst Recommendations for Physicians Realty Trust (NYSE:DOC)

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