Physicians Realty Trust (DOC) to Release Earnings on Thursday
Physicians Realty Trust (NYSE:DOC) will post its quarterly earnings results before the market opens on Thursday, August 3rd. Analysts expect Physicians Realty Trust to post earnings of $0.23 per share for the quarter.
Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.28 EPS for the quarter, missing the 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 business had revenue of $76.70 million for the quarter, compared to the consensus estimate of $77.57 million. During the same period last year, the firm earned $0.22 earnings per share. The company’s quarterly revenue was up 73.9% compared to the same quarter last year. On average, analysts expect Physicians Realty Trust to post $1.05 EPS for the current fiscal year and $1.14 EPS for the next fiscal year.
Shares of Physicians Realty Trust (DOC) traded down 0.70% during midday trading on Thursday, reaching $18.37. 113,920 shares of the company’s stock traded hands. The stock has a market cap of $2.82 billion, a P/E ratio of 83.12 and a beta of 0.58. Physicians Realty Trust has a 12 month low of $17.12 and a 12 month high of $22.03. The stock has a 50 day moving average of $19.98 and a 200-day moving average of $19.62.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 18th. Shareholders of record on Monday, July 3rd were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend was Thursday, June 29th. This is a boost from Physicians Realty Trust’s previous quarterly dividend of $0.23. Physicians Realty Trust’s payout ratio is currently 418.20%.
A number of research firms have commented on DOC. Morgan Stanley raised shares of Physicians Realty Trust from an “underweight” rating to an “equal weight” rating and set a $18.00 price target for the company in a research note on Monday. Stifel Nicolaus cut their price target on shares of Physicians Realty Trust from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, July 12th. Cantor Fitzgerald reissued a “buy” rating and issued a $23.00 price target on shares of Physicians Realty Trust in a research note on Friday, June 30th. Jefferies Group LLC reissued a “hold” rating and issued a $21.00 price target on shares of Physicians Realty Trust in a research note on Wednesday, June 14th. Finally, BTIG Research boosted their price target on shares of Physicians Realty Trust from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, April 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $21.00.
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Physicians Realty Trust Company Profile
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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