Royal Bank of Canada grew its stake in shares of Physicians Realty Trust (NYSE:DOC) by 31.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 753,900 shares of the real estate investment trust’s stock after purchasing an additional 179,782 shares during the quarter. Royal Bank of Canada owned approximately 0.37% of Physicians Realty Trust worth $10,510,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Physicians Realty Trust by 2.3% during the first quarter. BlackRock Inc. now owns 18,774,464 shares of the real estate investment trust’s stock valued at $261,716,000 after purchasing an additional 423,465 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Physicians Realty Trust by 24.8% during the first quarter. Bank of New York Mellon Corp now owns 7,124,575 shares of the real estate investment trust’s stock worth $99,316,000 after buying an additional 1,417,231 shares during the period. Alliancebernstein L.P. boosted its position in shares of Physicians Realty Trust by 530.6% during the first quarter. Alliancebernstein L.P. now owns 6,566,543 shares of the real estate investment trust’s stock worth $91,538,000 after buying an additional 5,525,232 shares during the period. State Street Corp boosted its position in shares of Physicians Realty Trust by 14.3% during the first quarter. State Street Corp now owns 6,450,311 shares of the real estate investment trust’s stock worth $89,917,000 after buying an additional 806,829 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in shares of Physicians Realty Trust by 141.6% during the fourth quarter. Nuveen Asset Management LLC now owns 4,769,218 shares of the real estate investment trust’s stock worth $90,329,000 after buying an additional 2,795,461 shares during the period. 89.17% of the stock is owned by institutional investors.

In related news, Director Stanton D. Anderson sold 6,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $17.73, for a total value of $106,380.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.64% of the company’s stock.

DOC stock opened at $17.45 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.16 and a quick ratio of 0.16. Physicians Realty Trust has a 52-week low of $11.01 and a 52-week high of $20.78. The company has a 50-day moving average of $17.20 and a two-hundred day moving average of $17.53. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 42.56, a price-to-earnings-growth ratio of 10.70 and a beta of 0.87.

Physicians Realty Trust (NYSE:DOC) last released its earnings results on Thursday, May 7th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.19). Physicians Realty Trust had a net margin of 18.65% and a return on equity of 3.10%. The company had revenue of $107.43 million during the quarter, compared to the consensus estimate of $108.64 million. During the same quarter in the previous year, the business posted $0.25 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. Equities analysts expect that Physicians Realty Trust will post 1.04 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 2nd will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 5.27%. The ex-dividend date of this dividend is Wednesday, July 1st. Physicians Realty Trust’s payout ratio is presently 92.93%.

Several equities analysts have recently issued reports on DOC shares. Citigroup downgraded Physicians Realty Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $21.00 to $14.00 in a research report on Tuesday, April 7th. Berenberg Bank upgraded Physicians Realty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, April 1st. Raymond James cut their price objective on Physicians Realty Trust from $22.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. KeyCorp cut their price objective on Physicians Realty Trust from $22.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Finally, B. Riley increased their price objective on Physicians Realty Trust from $19.00 to $21.00 in a research report on Wednesday, June 10th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.69.

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.

Read More: Price to Earnings Ratio (PE)

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

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