Shares of Physicians Realty Trust (NYSE:DOC) have been assigned an average rating of “Buy” from the sixteen brokerages that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $20.25.
A number of equities research analysts have recently commented on the company. B. Riley restated a “buy” rating on shares of Physicians Realty Trust in a research report on Wednesday, November 1st. Cantor Fitzgerald raised their target price on Physicians Realty Trust from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, November 7th. Capital One Financial assumed coverage on Physicians Realty Trust in a research report on Monday, September 25th. They set an “equal weight” rating and a $19.50 target price on the stock. Robert W. Baird restated an “outperform” rating and set a $19.00 target price (down from $21.00) on shares of Physicians Realty Trust in a research report on Friday, January 5th. Finally, Raymond James Financial set a $20.00 target price on Physicians Realty Trust and gave the company a “buy” rating in a research report on Thursday, December 7th.
Shares of Physicians Realty Trust (NYSE DOC) traded up $0.03 on Friday, reaching $16.36. The company’s stock had a trading volume of 2,318,060 shares, compared to its average volume of 1,590,000. The firm has a market cap of $2,930.00, a P/E ratio of 71.13, a P/E/G ratio of 2.53 and a beta of 0.54. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.59 and a quick ratio of 1.59. Physicians Realty Trust has a 12 month low of $16.21 and a 12 month high of $21.85.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Wednesday, January 3rd were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date was Tuesday, January 2nd. Physicians Realty Trust’s dividend payout ratio is presently 400.00%.
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. Also, Director Tommy G. Thompson purchased 2,705 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was bought at an average cost of $18.46 per share, for a total transaction of $49,934.30. Following the completion of the purchase, the director now directly owns 49,339 shares in the company, valued at approximately $910,797.94. The disclosure for this purchase can be found here. Company insiders own 0.51% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its stake in Physicians Realty Trust by 355.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,280 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 4,900 shares in the last quarter. 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. Veritable L.P. purchased a new position in Physicians Realty Trust in the 2nd quarter valued at about $266,000. Ameritas Investment Partners Inc. lifted its stake in Physicians Realty Trust by 4.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,543 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 554 shares in the last quarter. Finally, Hunter Associates Investment Management LLC lifted its stake in Physicians Realty Trust by 7.1% in the 2nd quarter. Hunter Associates Investment Management LLC now owns 15,000 shares of the real estate investment trust’s stock valued at $302,000 after buying an additional 1,000 shares in the last quarter. 93.63% of the stock is currently owned by hedge funds and other institutional investors.
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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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