Physicians Realty Trust (NYSE:DOC) Now Covered by Wells Fargo & Company

Wells Fargo & Company started coverage on shares of Physicians Realty Trust (NYSE:DOC) in a report published on Monday morning, Marketbeat reports. The brokerage issued an equal weight rating and a $19.00 price target on the real estate investment trust’s stock.

Several other equities research analysts also recently commented on the company. Compass Point cut their price objective on Physicians Realty Trust from $19.00 to $18.00 and set a buy rating for the company in a report on Tuesday, January 2nd. KeyCorp restated a sector weight rating on shares of Physicians Realty Trust in a research note on Friday, January 5th. Royal Bank of Canada assumed coverage on shares of Physicians Realty Trust in a research note on Friday, March 8th. They issued an outperform rating and a $21.00 target price for the company. StockNews.com downgraded Physicians Realty Trust from a hold rating to a sell rating in a research report on Saturday, March 16th. Finally, Truist Financial dropped their price objective on Physicians Realty Trust from $15.00 to $14.00 and set a hold rating on the stock in a research note on Friday, December 22nd. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $16.44.

Physicians Realty Trust Stock Performance

Shares of DOC opened at $18.32 on Monday. The stock has a market capitalization of $13.00 billion, a price-to-earnings ratio of 32.71 and a beta of 1.01. Physicians Realty Trust has a 12 month low of $15.24 and a 12 month high of $22.38. The firm has a fifty day simple moving average of $13.91 and a 200 day simple moving average of $12.81. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.00.

Hedge Funds Weigh In On Physicians Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. acquired a new position in Physicians Realty Trust in the first quarter valued at $27,000. Parallel Advisors LLC raised its position in shares of Physicians Realty Trust by 274.6% in the 4th quarter. Parallel Advisors LLC now owns 4,072 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 2,985 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Physicians Realty Trust by 42.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,750 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 1,712 shares during the period. Benjamin Edwards Inc. boosted its position in shares of Physicians Realty Trust by 99.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 5,237 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 2,614 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake in Physicians Realty Trust by 52.1% during the second quarter. Harbour Investments Inc. now owns 6,426 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 2,200 shares during the period. 93.57% of the stock is owned by institutional investors and hedge funds.

About Physicians Realty Trust

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