Research Analysts Set Expectations for Physicians Realty Trust’s FY2018 Earnings (DOC)
Physicians Realty Trust (NYSE:DOC) – Equities researchers at KeyCorp upped their FY2018 earnings per share estimates for shares of Physicians Realty Trust in a research report issued to clients and investors on Monday. KeyCorp analyst J. Sadler now anticipates that the real estate investment trust will post earnings per share of $1.28 for the year, up from their previous estimate of $1.26.
DOC has been the topic of a number of other research reports. TheStreet raised Physicians Realty Trust from a “c+” rating to a “b-” rating in a research report on Friday, January 27th. FBR & Co assumed coverage on Physicians Realty Trust in a research report on Monday, April 3rd. They issued an “outperform” rating and a $23.00 target price on the stock. Zacks Investment Research downgraded Physicians Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. BTIG Research lifted their target price on Physicians Realty Trust from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, April 11th. Finally, Robert W. Baird started coverage on Physicians Realty Trust in a research report on Thursday, March 9th. They issued an “outperform” rating and a $21.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Physicians Realty Trust currently has a consensus rating of “Buy” and an average price target of $21.58.
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Shares of Physicians Realty Trust (NYSE:DOC) traded up 0.24% during mid-day trading on Wednesday, reaching $20.60. The company had a trading volume of 376,405 shares. The firm’s 50-day moving average is $19.85 and its 200 day moving average is $19.09. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 93.21 and a beta of 0.54. Physicians Realty Trust has a 12 month low of $17.12 and a 12 month high of $22.03.
Physicians Realty Trust (NYSE:DOC) last announced its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.02. Physicians Realty Trust had a net margin of 12.86% and a return on equity of 1.77%. The business had revenue of $76.70 million for the quarter, compared to the consensus estimate of $77.57 million. During the same quarter in the previous year, the company earned $0.22 EPS. Physicians Realty Trust’s revenue for the quarter was up 73.9% compared to the same quarter last year.
A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Physicians Realty Trust by 7,013.7% in the first quarter. BlackRock Inc. now owns 14,247,372 shares of the real estate investment trust’s stock worth $283,095,000 after buying an additional 14,047,091 shares during the period. Vanguard Group Inc. boosted its stake in shares of Physicians Realty Trust by 14.2% in the first quarter. Vanguard Group Inc. now owns 23,679,564 shares of the real estate investment trust’s stock worth $470,512,000 after buying an additional 2,944,997 shares in the last quarter. Norges Bank purchased a new stake in shares of Physicians Realty Trust during the fourth quarter worth about $25,379,000. Weiss Multi Strategy Advisers LLC purchased a new stake in shares of Physicians Realty Trust during the first quarter worth about $23,844,000. Finally, Sit Investment Associates Inc. boosted its stake in shares of Physicians Realty Trust by 1,087.4% in the first quarter. Sit Investment Associates Inc. now owns 1,116,135 shares of the real estate investment trust’s stock worth $22,178,000 after buying an additional 1,022,135 shares in the last quarter. 96.44% of the stock is currently owned by hedge funds and other institutional investors.
About Physicians Realty Trust
Physicians Realty Trust (the Trust) is a real estate investment trust. Physicians Realty L.P. is the operating partnership of the Trust. The Trust and its operating partnership are engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems.
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