Physicians Realty Trust (DOC) to Post FY2018 Earnings of $1.14 Per Share, Jefferies Group Forecasts
Physicians Realty Trust (NYSE:DOC) – Equities researchers at Jefferies Group increased their FY2018 earnings per share estimates for Physicians Realty Trust in a research report issued on Monday. Jefferies Group analyst O. Okusanya now anticipates that the real estate investment trust will post earnings of $1.14 per share for the year, up from their prior estimate of $1.12. Jefferies Group has a “Hold” rating and a $19.00 price objective on the stock. Jefferies Group also issued estimates for Physicians Realty Trust’s FY2019 earnings at $1.15 EPS.
Several other research firms also recently issued reports on DOC. Morgan Stanley raised 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. Raymond James Financial, Inc. downgraded 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. UBS AG downgraded Physicians Realty Trust from a “strong-buy” rating to an “outperform” rating in a research report on Monday, July 17th. KeyCorp reissued a “hold” rating on shares of Physicians Realty Trust in a research report on Tuesday, September 12th. Finally, Zacks Investment Research raised shares of Physicians Realty Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 12th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Physicians Realty Trust currently has an average rating of “Buy” and an average target price of $20.50.
Physicians Realty Trust (NYSE DOC) remained flat at $$18.18 during midday trading on Tuesday. 294,917 shares of the company’s stock traded hands, compared to its average volume of 1,477,189. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.46. Physicians Realty Trust has a 12-month low of $17.25 and a 12-month high of $21.85. The stock has a market capitalization of $3,277.91, a price-to-earnings ratio of 17.42, a P/E/G ratio of 2.48 and a beta of 0.52.
Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings results on Friday, November 3rd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The business had revenue of $93.00 million for the quarter, compared to analyst estimates of $90.21 million. Physicians Realty Trust had a return on equity of 1.70% and a net margin of 11.39%. The business’s revenue for the quarter was up 32.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 18th. Investors of record on Tuesday, October 3rd were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend was Monday, October 2nd. Physicians Realty Trust’s dividend payout ratio is presently 400.02%.
In related news, insider Jeffrey Theiler purchased 5,634 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were purchased at an average cost of $17.76 per share, with a total value of $100,059.84. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.51% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Chicago Partners Investment Group LLC lifted its stake in Physicians Realty Trust by 603.8% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 9,086 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 7,795 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Physicians Realty Trust by 16.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,462 shares of the real estate investment trust’s stock valued at $191,000 after buying an additional 1,364 shares in the last quarter. Pinnacle Associates Ltd. purchased a new position in Physicians Realty Trust in the 2nd quarter valued at about $205,000. Profund Advisors LLC lifted its stake in Physicians Realty Trust by 6.8% in the 2nd quarter. Profund Advisors LLC now owns 11,569 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 733 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in Physicians Realty Trust by 1.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 11,997 shares of the real estate investment trust’s stock valued at $242,000 after buying an additional 203 shares in the last quarter. 93.66% 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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