Physicians Realty Trust (NYSE:DOC) has been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $18.34.
Several research firms recently commented on DOC. ValuEngine downgraded shares of Physicians Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Berenberg Bank began coverage on shares of Physicians Realty Trust in a research report on Thursday. They issued a “hold” rating and a $18.00 price target for the company. Zacks Investment Research upgraded shares of Physicians Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Citigroup began coverage on shares of Physicians Realty Trust in a research report on Thursday, June 20th. They issued a “neutral” rating and a $18.50 price target for the company. Finally, TheStreet downgraded shares of Physicians Realty Trust from a “b-” rating to a “c+” rating in a research report on Friday, August 9th.
Shares of NYSE:DOC traded down $0.04 during trading on Thursday, hitting $17.28. 930,652 shares of the company were exchanged, compared to its average volume of 1,307,672. The stock has a market capitalization of $3.21 billion, a P/E ratio of 16.00 and a beta of 0.44. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.24 and a quick ratio of 1.24. Physicians Realty Trust has a 12-month low of $15.18 and a 12-month high of $19.16. The firm’s 50 day moving average price is $17.30 and its 200-day moving average price is $17.92.
Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.22). The company had revenue of $94.90 million for the quarter, compared to analysts’ expectations of $105.92 million. Physicians Realty Trust had a return on equity of 2.11% and a net margin of 12.61%. The firm’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. As a group, equities research analysts anticipate that Physicians Realty Trust will post 1.01 EPS for the current year.
In other Physicians Realty Trust news, VP Bradley D. Page purchased 4,330 shares of Physicians Realty Trust stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $17.27 per share, for a total transaction of $74,779.10. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO John T. Thomas sold 3,700 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $17.50, for a total transaction of $64,750.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,000 shares of company stock valued at $350,000. 0.62% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in DOC. James Investment Research Inc. purchased a new position in Physicians Realty Trust during the 2nd quarter worth $26,000. Point72 Asset Management L.P. purchased a new position in Physicians Realty Trust during the 2nd quarter worth $44,000. Advisory Services Network LLC raised its position in Physicians Realty Trust by 23.9% during the 1st quarter. Advisory Services Network LLC now owns 3,124 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 602 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in Physicians Realty Trust during the 2nd quarter worth $55,000. Finally, Optimum Investment Advisors raised its position in Physicians Realty Trust by 280.0% during the 2nd quarter. Optimum Investment Advisors now owns 3,800 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 2,800 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.
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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