Wall Street brokerages predict that Physicians Realty Trust (NYSE:DOC) will report $103.44 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Physicians Realty Trust’s earnings. The highest sales estimate is $106.48 million and the lowest is $100.78 million. Physicians Realty Trust posted sales of $97.32 million during the same quarter last year, which suggests a positive year-over-year growth rate of 6.3%. The firm is scheduled to issue its next earnings report on Wednesday, February 27th.
According to Zacks, analysts expect that Physicians Realty Trust will report full-year sales of $417.71 million for the current year, with estimates ranging from $409.13 million to $421.79 million. For the next year, analysts expect that the company will post sales of $421.89 million, with estimates ranging from $410.30 million to $440.08 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Physicians Realty Trust.
Physicians Realty Trust (NYSE:DOC) last issued its earnings results on Friday, November 2nd. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $105.03 million during the quarter, compared to analysts’ expectations of $103.70 million. Physicians Realty Trust had a net margin of 13.33% and a return on equity of 2.20%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.26 EPS.
A number of analysts recently weighed in on the stock. ValuEngine upgraded shares of Physicians Realty Trust from a “hold” rating to a “buy” rating in a research note on Saturday, December 1st. Morgan Stanley increased their price target on shares of Physicians Realty Trust from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 16th. Zacks Investment Research cut shares of Physicians Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. KeyCorp increased their price target on shares of Physicians Realty Trust from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, September 10th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $18.00 price target on shares of Physicians Realty Trust in a research note on Monday, August 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $17.58.
Hedge funds have recently added to or reduced their stakes in the company. Belpointe Asset Management LLC acquired a new stake in shares of Physicians Realty Trust in the 3rd quarter worth $109,000. Qube Research & Technologies Ltd acquired a new stake in shares of Physicians Realty Trust in the 2nd quarter worth $116,000. B. Riley Wealth Management Inc. acquired a new stake in shares of Physicians Realty Trust in the 3rd quarter worth $172,000. Paloma Partners Management Co acquired a new stake in shares of Physicians Realty Trust in the 2nd quarter worth $188,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Physicians Realty Trust in the 2nd quarter worth $198,000. Institutional investors own 93.77% of the company’s stock.
Shares of NYSE:DOC opened at $17.88 on Friday. The firm has a market cap of $3.18 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 4.82 and a beta of 0.45. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.61. Physicians Realty Trust has a 1-year low of $14.13 and a 1-year high of $19.03.
Physicians Realty Trust Company 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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