Physicians Realty Trust Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:DOC)
Shares of Physicians Realty Trust (NYSE:DOC) have earned a consensus recommendation of “Buy” from the ten brokerages that are covering the company, AnalystRatings.NET reports. Two analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $15.19.
Several analysts have recently commented on the stock. Analysts at MLV & Co
initiated coverage on shares of Physicians Realty Trust in a research note on Friday. They set a “buy” rating and a $16.00 price target on the stock. Separately, analysts at Bank of America initiated coverage on shares of Physicians Realty Trust in a research note on Monday, June 2nd. They set a “buy” rating and a $14.25 price target on the stock. Finally, analysts at Wunderlich raised their price target on shares of Physicians Realty Trust from $14.75 to $15.50 in a research note on Wednesday, May 21st. They now have a “buy” rating on the stock.
Physicians Realty Trust (NYSE:DOC) traded down 0.76% on Monday, hitting $14.39. 58,315 shares of the company’s stock traded hands. Physicians Realty Trust has a 1-year low of $11.00 and a 1-year high of $14.63. The stock has a 50-day moving average of $13.74 and a 200-day moving average of $13.20. The company’s market cap is $306.5 million.
Physicians Realty Trust (NYSE:DOC) last announced its earnings results on Wednesday, May 7th. The company reported $0.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.17 by $0.05. On average, analysts predict that Physicians Realty Trust will post $0.88 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 1st. Shareholders of record on Friday, July 18th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date of this dividend is Wednesday, July 16th.
Physicians Realty Trust is a real estate investment trust (NYSE:DOC).
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