Wall Street brokerages forecast that Physicians Realty Trust (NYSE:DOC) will post $95.26 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Physicians Realty Trust’s earnings, with estimates ranging from $90.63 million to $98.20 million. Physicians Realty Trust posted sales of $73.67 million in the same quarter last year, which would indicate a positive year over year growth rate of 29.3%. The company is scheduled to report its next earnings results before the market opens on Wednesday, February 28th.
According to Zacks, analysts expect that Physicians Realty Trust will report full year sales of $95.26 million for the current year, with estimates ranging from $330.70 million to $344.50 million. For the next year, analysts expect that the firm will report sales of $412.63 million per share, with estimates ranging from $363.62 million to $445.15 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Physicians Realty Trust.
DOC has been the topic of a number of recent analyst reports. KeyCorp upgraded shares of Physicians Realty Trust from a “sector weight” rating to an “overweight” rating in a report on Thursday, October 12th. Cantor Fitzgerald boosted their price objective on shares of Physicians Realty Trust from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, November 7th. B. Riley reiterated a “buy” rating on shares of Physicians Realty Trust in a report on Wednesday, November 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $21.00 price objective on shares of Physicians Realty Trust in a report on Wednesday, November 15th. Finally, Raymond James Financial set a $20.00 price objective on shares of Physicians Realty Trust and gave the stock a “buy” rating in a report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $20.05.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Wednesday, January 3rd were paid a $0.23 dividend. The ex-dividend date was Tuesday, January 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.91%. Physicians Realty Trust’s dividend payout ratio (DPR) is presently 400.02%.
In related news, Director Tommy G. Thompson bought 2,705 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were acquired at an average price of $18.46 per share, for a total transaction of $49,934.30. Following the purchase, the director now owns 49,339 shares in the company, valued at approximately $910,797.94. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey Theiler bought 5,634 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was bought at an average price of $17.76 per share, for a total transaction of $100,059.84. The disclosure for this purchase can be found here. Corporate insiders own 0.51% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DOC. Janus Henderson Group PLC raised its stake in Physicians Realty Trust by 407.5% during the second quarter. Janus Henderson Group PLC now owns 2,793,368 shares of the real estate investment trust’s stock worth $56,244,000 after acquiring an additional 2,242,984 shares during the period. PGGM Investments raised its stake in Physicians Realty Trust by 69.0% during the fourth quarter. PGGM Investments now owns 4,604,000 shares of the real estate investment trust’s stock worth $82,826,000 after acquiring an additional 1,880,000 shares during the period. Cohen & Steers Inc. raised its stake in Physicians Realty Trust by 12.7% during the third quarter. Cohen & Steers Inc. now owns 12,946,213 shares of the real estate investment trust’s stock worth $229,536,000 after acquiring an additional 1,458,455 shares during the period. Mesirow Financial Investment Management Equity Management acquired a new stake in Physicians Realty Trust during the third quarter worth about $17,401,000. Finally, Atlantic Trust Group LLC acquired a new stake in Physicians Realty Trust during the third quarter worth about $15,343,000. Hedge funds and other institutional investors own 94.53% of the company’s stock.
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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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