Physicians Realty Trust (NYSE:DOC) issued its earnings results on Thursday. The real estate investment trust reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01, Bloomberg Earnings reports. Physicians Realty Trust had a net margin of 11.51% and a return on equity of 1.82%. The business had revenue of $76.60 million for the quarter, compared to analyst estimates of $80.48 million. During the same period in the previous year, the business earned $0.22 EPS. The firm’s revenue was up 43.9% on a year-over-year basis.

Shares of Physicians Realty Trust (DOC) traded down 0.71% during trading on Friday, hitting $18.29. 792,645 shares of the company’s stock were exchanged. Physicians Realty Trust has a 1-year low of $17.12 and a 1-year high of $22.03. The stock has a market cap of $2.80 billion, a PE ratio of 82.76 and a beta of 0.55. The stock’s 50-day moving average price is $19.72 and its 200-day moving average price is $19.62.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 18th. Shareholders of record on Monday, July 3rd were paid a $0.23 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This is an increase from Physicians Realty Trust’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.03%. Physicians Realty Trust’s payout ratio is currently 400.02%.

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Several analysts have recently weighed in on the stock. Raymond James Financial, Inc. lowered shares of Physicians Realty Trust from a “strong-buy” rating to an “outperform” rating and set a $21.00 target price on the stock. in a research report on Monday, July 17th. Stifel Nicolaus decreased their target price on shares of Physicians Realty Trust from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, July 12th. BidaskClub upgraded shares of Physicians Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Zacks Investment Research lowered shares of Physicians Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Morgan Stanley upgraded shares of Physicians Realty Trust from an “underweight” rating to an “equal weight” rating and set a $18.00 target price on the stock in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. Physicians Realty Trust currently has an average rating of “Buy” and an average target price of $20.85.

A number of large investors have recently made changes to their positions in DOC. Wells Fargo & Company MN increased its stake in shares of Physicians Realty Trust by 64.5% in the first quarter. Wells Fargo & Company MN now owns 1,080,135 shares of the real estate investment trust’s stock worth $21,462,000 after buying an additional 423,708 shares during the last quarter. IFP Advisors Inc boosted its position in Physicians Realty Trust by 18.4% in the first quarter. IFP Advisors Inc now owns 255,457 shares of the real estate investment trust’s stock worth $5,076,000 after buying an additional 39,653 shares during the period. State of New Jersey Common Pension Fund D boosted its position in Physicians Realty Trust by 1.5% in the first quarter. State of New Jersey Common Pension Fund D now owns 693,000 shares of the real estate investment trust’s stock worth $13,770,000 after buying an additional 10,000 shares during the period. Strs Ohio boosted its position in Physicians Realty Trust by 9.7% in the first quarter. Strs Ohio now owns 275,382 shares of the real estate investment trust’s stock worth $5,471,000 after buying an additional 24,438 shares during the period. Finally, Sit Investment Associates Inc. boosted its position in 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 during the period. Hedge funds and other institutional investors own 79.98% of the company’s stock.

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.

Earnings History for Physicians Realty Trust (NYSE:DOC)

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