Physicians Realty Trust (NYSE:DOC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “Physicians Realty Trust is a REIT. It is a self-managed healthcare real estate company engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company’s principal investments will include medical office buildings, outpatient treatment facilities, acute and post-acute care hospitals, as well as other real estate integral to healthcare providers. Physicians Realty Trust is based in Milwaukee, Wisconsin. “

A number of other brokerages have also recently commented on DOC. BidaskClub raised Physicians Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $21.00 target price on shares of Physicians Realty Trust in a report on Wednesday, June 14th. BTIG Research raised their target price on Physicians Realty Trust from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, April 11th. FBR & Co began coverage on Physicians Realty Trust in a report on Monday, April 3rd. They issued an “outperform” rating and a $23.00 target price on the stock. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $23.00 target price on shares of Physicians Realty Trust in a report on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $21.23.

Physicians Realty Trust (NYSE:DOC) traded down 0.65% during mid-day trading on Tuesday, hitting $18.30. The company had a trading volume of 3,280,948 shares. Physicians Realty Trust has a 52 week low of $17.12 and a 52 week high of $22.03. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 82.81 and a beta of 0.58. The firm’s 50 day moving average is $20.72 and its 200 day moving average is $19.59.

Physicians Realty Trust (NYSE:DOC) last announced its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.02. Physicians Realty Trust had a return on equity of 1.68% and a net margin of 11.42%. The company had revenue of $76.70 million during the quarter, compared to the consensus estimate of $77.57 million. During the same period in the prior year, the business posted $0.22 earnings per share. Physicians Realty Trust’s revenue for the quarter was up 73.9% compared to the same quarter last year. On average, equities research analysts predict that Physicians Realty Trust will post $0.29 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 18th. Shareholders of record on Monday, July 3rd will be issued a dividend of $0.23 per share. The ex-dividend date is Thursday, June 29th. This is a boost from Physicians Realty Trust’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a yield of 5.03%. Physicians Realty Trust’s dividend payout ratio (DPR) is currently 418.20%.

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A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in 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. BlackRock Inc. boosted its stake in 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 in the last quarter. Principal Financial Group Inc. boosted its stake in Physicians Realty Trust by 1.5% in the first quarter. Principal Financial Group Inc. now owns 8,823,978 shares of the real estate investment trust’s stock worth $175,220,000 after buying an additional 130,962 shares in the last quarter. State Street Corp boosted its stake in Physicians Realty Trust by 15.4% in the first quarter. State Street Corp now owns 3,258,033 shares of the real estate investment trust’s stock worth $64,739,000 after buying an additional 435,017 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Physicians Realty Trust by 155.3% in the first quarter. Nuveen Asset Management LLC now owns 1,935,421 shares of the real estate investment trust’s stock worth $38,457,000 after buying an additional 1,177,428 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Physicians Realty Trust (NYSE:DOC)

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