BlackRock Inc. cut its holdings in Physicians Realty Trust (NYSE:DOC) by 0.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,977,743 shares of the real estate investment trust’s stock after selling 95,890 shares during the period. BlackRock Inc. owned about 9.70% of Physicians Realty Trust worth $338,163,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc lifted its holdings in Physicians Realty Trust by 1.9% in the 3rd quarter. Vanguard Group Inc now owns 26,267,178 shares of the real estate investment trust’s stock valued at $442,864,000 after purchasing an additional 489,769 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Physicians Realty Trust by 5.4% in the 1st quarter. Janus Henderson Group PLC now owns 4,173,490 shares of the real estate investment trust’s stock valued at $78,520,000 after purchasing an additional 214,811 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Physicians Realty Trust by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,866,556 shares of the real estate investment trust’s stock valued at $45,951,000 after purchasing an additional 48,183 shares in the last quarter. Norges Bank purchased a new position in Physicians Realty Trust in the 4th quarter valued at about $35,906,000. Finally, Macquarie Group Ltd. lifted its holdings in Physicians Realty Trust by 20.5% in the 4th quarter. Macquarie Group Ltd. now owns 2,037,870 shares of the real estate investment trust’s stock valued at $32,667,000 after purchasing an additional 347,137 shares in the last quarter. Institutional investors and hedge funds own 95.92% of the company’s stock.
In related news, insider John T. Thomas sold 5,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $18.26, for a total transaction of $91,300.00. Following the transaction, the insider now directly owns 311,251 shares in the company, valued at $5,683,443.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.62% of the company’s stock.
NYSE DOC opened at $18.07 on Thursday. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 16.54 and a beta of 0.55. Physicians Realty Trust has a fifty-two week low of $14.82 and a fifty-two week high of $19.16. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.53 and a quick ratio of 1.53.
Physicians Realty Trust (NYSE:DOC) last released its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.01). The business had revenue of $105.40 million for the quarter, compared to analysts’ expectations of $104.27 million. Physicians Realty Trust had a net margin of 13.34% and a return on equity of 2.28%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 earnings per share. As a group, sell-side analysts forecast that Physicians Realty Trust will post 1.06 earnings per share for the current fiscal year.
DOC has been the topic of a number of recent research reports. Capital One Financial lowered shares of Physicians Realty Trust from an “overweight” rating to an “equal weight” rating and set a $18.75 target price on the stock. in a report on Thursday, May 2nd. Morgan Stanley set a $19.00 price objective on shares of Physicians Realty Trust and gave the company a “hold” rating in a research note on Thursday, March 28th. Zacks Investment Research raised shares of Physicians Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. Finally, BMO Capital Markets downgraded shares of Physicians Realty Trust from an “outperform” rating to a “market perform” rating and set a $17.45 price objective for the company. in a research note on Tuesday, May 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $18.12.
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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