Zacks Investment Research lowered shares of Physicians Realty Trust (NYSE:DOC) from a hold rating to a sell rating in a research report report published on Tuesday.

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 have also recently issued reports on DOC. KeyCorp boosted their price objective on shares of Physicians Realty Trust from $17.00 to $18.00 and gave the company a buy rating in a research note on Monday, September 10th. ValuEngine raised shares of Physicians Realty Trust from a sell rating to a hold rating in a research note on Thursday, September 13th. Finally, B. Riley reaffirmed a buy rating on shares of Physicians Realty Trust in a research report on Monday, November 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $17.58.

DOC stock traded down $0.09 during midday trading on Tuesday, hitting $16.35. The stock had a trading volume of 619,268 shares, compared to its average volume of 1,179,667. The stock has a market capitalization of $2.96 billion, a P/E ratio of 15.72 and a beta of 0.54. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.89 and a current ratio of 0.89. Physicians Realty Trust has a 12-month low of $14.13 and a 12-month high of $18.08.

Physicians Realty Trust (NYSE:DOC) last released its earnings results on Friday, November 2nd. The real estate investment trust reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The firm had revenue of $105.03 million during the quarter, compared to analysts’ expectations of $103.70 million. Physicians Realty Trust had a net margin of 13.33% and a return on equity of 2.20%. Physicians Realty Trust’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 EPS. Research analysts forecast that Physicians Realty Trust will post 1.09 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 18th. Shareholders of record on Friday, January 4th will be issued a $0.23 dividend. The ex-dividend date is Thursday, January 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 5.63%. Physicians Realty Trust’s dividend payout ratio is currently 88.46%.

Hedge funds have recently modified their holdings of the business. Belpointe Asset Management LLC acquired a new position in Physicians Realty Trust in the 3rd quarter worth $109,000. Qube Research & Technologies Ltd acquired a new position in Physicians Realty Trust in the 2nd quarter worth $116,000. B. Riley Wealth Management Inc. acquired a new position in Physicians Realty Trust in the 3rd quarter worth $172,000. Paloma Partners Management Co acquired a new position in Physicians Realty Trust in the 2nd quarter worth $188,000. Finally, Point72 Hong Kong Ltd acquired a new position in Physicians Realty Trust in the 2nd quarter worth $198,000. Hedge funds and other institutional investors own 92.82% of the company’s stock.

About Physicians Realty Trust

Physicians Realty Trust is a self-managed healthcare real estate company organized to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company invests in real estate that is integral to providing high quality healthcare.

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Analyst Recommendations for Physicians Realty Trust (NYSE:DOC)

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