Victory Capital Management Inc. boosted its position in Physicians Realty Trust (NYSE:DOC) by 11.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,552,899 shares of the real estate investment trust’s stock after acquiring an additional 262,766 shares during the period. Victory Capital Management Inc. owned 1.40% of Physicians Realty Trust worth $43,042,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. grew its stake in Physicians Realty Trust by 3.8% in the first quarter. Principal Financial Group Inc. now owns 9,378,395 shares of the real estate investment trust’s stock valued at $146,022,000 after purchasing an additional 347,580 shares in the last quarter. Manning & Napier Group LLC grew its stake in Physicians Realty Trust by 15.9% in the second quarter. Manning & Napier Group LLC now owns 486,380 shares of the real estate investment trust’s stock valued at $7,752,000 after purchasing an additional 66,545 shares in the last quarter. Sippican Capital Advisors purchased a new position in Physicians Realty Trust in the second quarter valued at about $239,000. AMG National Trust Bank grew its stake in Physicians Realty Trust by 252.8% in the second quarter. AMG National Trust Bank now owns 72,843 shares of the real estate investment trust’s stock valued at $1,161,000 after purchasing an additional 52,195 shares in the last quarter. Finally, Chicago Capital LLC purchased a new position in Physicians Realty Trust in the second quarter valued at about $171,000. 92.38% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have commented on DOC shares. TheStreet upgraded Physicians Realty Trust from a “c+” rating to a “b” rating in a research note on Friday, August 3rd. Royal Bank of Canada restated a “buy” rating and issued a $18.00 target price on shares of Physicians Realty Trust in a research note on Tuesday, August 7th. Zacks Investment Research upgraded Physicians Realty Trust from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Monday, August 6th. B. Riley boosted their target price on Physicians Realty Trust from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, August 6th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $18.00 target price on shares of Physicians Realty Trust in a research note on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Physicians Realty Trust currently has an average rating of “Buy” and an average price target of $17.77.
DOC opened at $17.09 on Friday. The stock has a market cap of $3.06 billion, a PE ratio of 16.43, a P/E/G ratio of 3.96 and a beta of 0.40. Physicians Realty Trust has a 52-week low of $14.13 and a 52-week high of $19.03. The company has a quick ratio of 1.16, a current ratio of 0.89 and a debt-to-equity ratio of 0.61.
Physicians Realty Trust (NYSE:DOC) last released its quarterly earnings results on Friday, November 2nd. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $105.03 million during the quarter, compared to the consensus estimate of $103.70 million. Physicians Realty Trust had a return on equity of 2.20% and a net margin of 13.33%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.26 EPS. On average, equities research analysts forecast that Physicians Realty Trust will post 1.09 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 18th. Stockholders of record on Wednesday, October 3rd were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, October 2nd. This represents a $0.92 annualized dividend and a dividend yield of 5.38%. Physicians Realty Trust’s dividend payout ratio (DPR) is presently 88.46%.
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Physicians Realty Trust Profile
Physicians Realty Trust is a self-managed healthcare real estate company organized to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company invests in real estate that is integral to providing high quality healthcare.
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