Pinnacle Associates Ltd. purchased a new stake in shares of Physicians Realty Trust (NYSE:DOC) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,155 shares of the real estate investment trust’s stock, valued at approximately $205,000.

Other hedge funds have also made changes to their positions in the company. Great Lakes Advisors LLC lifted its stake in shares of Physicians Realty Trust by 17.5% during the 1st quarter. Great Lakes Advisors LLC now owns 118,075 shares of the real estate investment trust’s stock valued at $2,346,000 after buying an additional 17,625 shares in the last quarter. UBS Group AG lifted its stake in shares of Physicians Realty Trust by 8.4% during the 1st quarter. UBS Group AG now owns 133,772 shares of the real estate investment trust’s stock valued at $2,658,000 after buying an additional 10,327 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Physicians Realty Trust by 32.7% during the 2nd quarter. Bank of Montreal Can now owns 52,166 shares of the real estate investment trust’s stock valued at $1,051,000 after buying an additional 12,845 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Physicians Realty Trust by 11.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 582,265 shares of the real estate investment trust’s stock valued at $11,570,000 after buying an additional 60,006 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Physicians Realty Trust by 10.6% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 98,320 shares of the real estate investment trust’s stock valued at $1,954,000 after buying an additional 9,400 shares in the last quarter. Institutional investors own 94.27% of the company’s stock.

DOC has been the topic of a number of recent research reports. Cantor Fitzgerald restated a “buy” rating and set a $23.00 price target on shares of Physicians Realty Trust in a research note on Friday, June 30th. BidaskClub upgraded shares of Physicians Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Stifel Nicolaus dropped their price target on shares of Physicians Realty Trust from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, July 12th. Morgan Stanley upgraded shares of Physicians Realty Trust from an “underweight” rating to an “equal weight” rating and set a $18.00 price target on the stock in a research note on Monday, July 24th. Finally, Jefferies Group LLC restated a “hold” rating and set a $21.00 price target on shares of Physicians Realty Trust in a research note on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $20.50.

Shares of Physicians Realty Trust (NYSE:DOC) opened at 18.93 on Tuesday. Physicians Realty Trust has a 12-month low of $17.12 and a 12-month high of $21.95. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 80.90 and a beta of 0.55. The company’s 50-day moving average is $18.36 and its 200-day moving average is $19.50.

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, beating the consensus estimate of $0.23 by $0.01. Physicians Realty Trust had a net margin of 11.51% and a return on equity of 1.75%. The business had revenue of $76.60 million for 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 company’s revenue for the quarter was up 43.9% on a year-over-year basis. Equities research analysts predict that Physicians Realty Trust will post $0.27 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for Physicians Realty Trust (NYSE:DOC)

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