Equities Analysts Issue Forecasts for Physicians Realty Trust’s Q1 2016 Earnings (DOC)

Posted by ABMN Staff on Mar 23rd, 2016

Physicians Realty Trust (NYSE:DOC) – Analysts at SunTrust issued their Q1 2016 EPS estimates for shares of Physicians Realty Trust in a research report issued to clients and investors on Monday, according to Zacks Investment Research. SunTrust analyst E. Fleming forecasts that the brokerage will post earnings of $0.23 per share for the quarter. SunTrust currently has a “Neutral” rating and a $19.00 price target on the stock. The consensus estimate for Physicians Realty Trust’s Q1 2016 earnings is $0.24 per share. SunTrust also issued estimates for Physicians Realty Trust’s Q2 2016 earnings at $0.24 EPS, Q3 2016 earnings at $0.27 EPS, Q4 2016 earnings at $0.30 EPS, FY2016 earnings at $1.04 EPS, Q1 2017 earnings at $0.26 EPS, Q2 2017 earnings at $0.29 EPS, Q3 2017 earnings at $0.30 EPS, Q4 2017 earnings at $0.30 EPS and FY2017 earnings at $1.15 EPS.

A number of other research analysts also recently issued reports on DOC. Zacks Investment Research upgraded shares of Physicians Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, November 24th. MLV & Co. reissued a “buy” rating and set a $19.00 price objective (up previously from $16.00) on shares of Physicians Realty Trust in a report on Thursday, December 3rd. Stifel Nicolaus began coverage on shares of Physicians Realty Trust in a report on Tuesday, December 8th. They set a “buy” rating and a $18.00 price objective on the stock. Morgan Stanley began coverage on shares of Physicians Realty Trust in a report on Wednesday, December 9th. They set an “underweight” rating on the stock. Finally, KeyBanc raised shares of Physicians Realty Trust from a “sector weight” rating to an “overweight” rating in a report on Thursday, December 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $18.46.

Shares of Physicians Realty Trust (NYSE:DOC) traded down 1.10% during mid-day trading on Wednesday, reaching $18.06. 281,862 shares of the company were exchanged. The stock has a market capitalization of $1.57 billion and a P/E ratio of 123.70. Physicians Realty Trust has a 12 month low of $13.86 and a 12 month high of $18.42. The stock has a 50 day moving average price of $17.41 and a 200-day moving average price of $16.26.

Physicians Realty Trust (NYSE:DOC) last released its quarterly earnings data on Monday, February 29th. The real estate investment trust reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The business earned $40.40 million during the quarter, compared to analysts’ expectations of $39.20 million. During the same period last year, the company earned $0.22 earnings per share. The firm’s revenue was up 105.1% on a year-over-year basis.

A hedge fund recently raised its stake in Physicians Realty Trust stock. Russell Frank Co boosted its stake in shares of Physicians Realty Trust (NYSE:DOC) by 69.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 537,960 shares of the real estate investment trust’s stock after buying an additional 221,225 shares during the period. Russell Frank Co owned about 0.76% of Physicians Realty Trust worth $9,127,000 at the end of the most recent quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 18th. Shareholders of record on Friday, April 1st will be paid a $0.225 dividend. The ex-dividend date is Wednesday, March 30th. This represents a $0.90 annualized dividend and a yield of 4.93%.

Physicians Realty Trust (NYSE:DOC) is a self-managed healthcare real estate company. The Company acquires, develops, owns and manages healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. As of December 31, 2014, the Company’s portfolio consisted of 87 properties located in 19 states of the United States with approximately 3,100,701 net leasable square feet.