Physicians Realty Trust (DOC) Receives Average Recommendation of “Buy” from Analysts

Shares of Physicians Realty Trust (NYSE:DOC) have received an average rating of “Buy” from the sixteen brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $20.05.

DOC has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Physicians Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Raymond James Financial set a $20.00 price target on shares of Physicians Realty Trust and gave the stock a “buy” rating in a research report on Thursday, December 7th. B. Riley restated a “buy” rating on shares of Physicians Realty Trust in a research report on Wednesday, November 1st. Royal Bank of Canada reaffirmed a “buy” rating and set a $21.00 price objective on shares of Physicians Realty Trust in a research note on Wednesday, November 15th. Finally, SunTrust Banks set a $18.00 price objective on shares of Physicians Realty Trust and gave the company a “hold” rating in a research note on Monday, January 22nd.

In other Physicians Realty Trust news, Director Tommy G. Thompson acquired 2,705 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was bought at an average price of $18.46 per share, with a total value of $49,934.30. Following the purchase, the director now owns 49,339 shares in the company, valued at $910,797.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.51% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of Physicians Realty Trust by 0.8% in the 4th quarter. BlackRock Inc. now owns 16,452,920 shares of the real estate investment trust’s stock valued at $295,988,000 after buying an additional 128,853 shares during the period. Cohen & Steers Inc. grew its stake in shares of Physicians Realty Trust by 12.7% in the 3rd quarter. Cohen & Steers Inc. now owns 12,946,213 shares of the real estate investment trust’s stock valued at $229,536,000 after buying an additional 1,458,455 shares during the period. Principal Financial Group Inc. grew its stake in shares of Physicians Realty Trust by 2.9% in the 3rd quarter. Principal Financial Group Inc. now owns 8,975,689 shares of the real estate investment trust’s stock valued at $159,139,000 after buying an additional 250,054 shares during the period. PGGM Investments grew its stake in shares of Physicians Realty Trust by 69.0% in the 4th quarter. PGGM Investments now owns 4,604,000 shares of the real estate investment trust’s stock valued at $82,826,000 after buying an additional 1,880,000 shares during the period. Finally, Lord Abbett & CO. LLC grew its stake in shares of Physicians Realty Trust by 2.1% in the 2nd quarter. Lord Abbett & CO. LLC now owns 3,777,212 shares of the real estate investment trust’s stock valued at $76,073,000 after buying an additional 79,439 shares during the period. 94.61% of the stock is owned by institutional investors.

Physicians Realty Trust (DOC) traded down $0.09 on Tuesday, hitting $15.14. 2,708,943 shares of the company traded hands, compared to its average volume of 1,756,592. Physicians Realty Trust has a 52-week low of $14.83 and a 52-week high of $21.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market cap of $2,710.00, a P/E ratio of 65.83, a PEG ratio of 2.36 and a beta of 0.41.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Wednesday, January 3rd were paid a dividend of $0.23 per share. The ex-dividend date was Tuesday, January 2nd. This represents a $0.92 annualized dividend and a yield of 6.08%. Physicians Realty Trust’s dividend payout ratio is presently 400.00%.

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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.

Analyst Recommendations for Physicians Realty Trust (NYSE:DOC)

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