Physicians Realty Trust (DOC) Forecasted to Post Q1 2019 Earnings of $0.26 Per Share
Physicians Realty Trust (NYSE:DOC) – Investment analysts at SunTrust Banks issued their Q1 2019 earnings per share (EPS) estimates for Physicians Realty Trust in a research note issued on Wednesday, April 10th. SunTrust Banks analyst M. Lewis expects that the real estate investment trust will post earnings of $0.26 per share for the quarter. SunTrust Banks also issued estimates for Physicians Realty Trust’s Q2 2019 earnings at $0.27 EPS, Q3 2019 earnings at $0.27 EPS, Q4 2019 earnings at $0.27 EPS and FY2019 earnings at $1.08 EPS.
Several other brokerages also recently weighed in on DOC. Zacks Investment Research downgraded shares of Physicians Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, March 28th. Morgan Stanley set a $19.00 price objective on shares of Physicians Realty Trust and gave the stock a “hold” rating in a research note on Thursday, March 28th. Finally, ValuEngine raised shares of Physicians Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $18.00.
Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings results on Wednesday, February 27th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01). Physicians Realty Trust had a return on equity of 2.26% and a net margin of 13.31%. The business had revenue of $105.31 million during the quarter, compared to analyst estimates of $104.75 million. During the same quarter last year, the company posted $0.27 EPS. Physicians Realty Trust’s quarterly revenue was up 8.2% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently modified their holdings of DOC. Macroview Investment Management LLC acquired a new stake in shares of Physicians Realty Trust during the 4th quarter worth approximately $32,000. We Are One Seven LLC acquired a new stake in shares of Physicians Realty Trust during the 4th quarter worth approximately $38,000. Lindbrook Capital LLC acquired a new stake in shares of Physicians Realty Trust during the 4th quarter worth approximately $42,000. Quantamental Technologies LLC purchased a new position in shares of Physicians Realty Trust during the 4th quarter valued at approximately $75,000. Finally, Belpointe Asset Management LLC purchased a new position in shares of Physicians Realty Trust during the 3rd quarter valued at approximately $109,000. 93.66% of the stock is currently owned by institutional investors and hedge funds.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Wednesday, April 3rd will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.01%. Physicians Realty Trust’s payout ratio is 85.19%.
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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