Analysts at Berenberg Bank assumed coverage on shares of Physicians Realty Trust (NYSE:DOC) in a research report issued on Thursday, The Fly reports. The firm set a “hold” rating on the real estate investment trust’s stock.
DOC has been the topic of several other reports. ValuEngine cut Physicians Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Zacks Investment Research upgraded Physicians Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. TheStreet cut Physicians Realty Trust from a “b-” rating to a “c+” rating in a research note on Friday, August 9th. Finally, Citigroup initiated coverage on Physicians Realty Trust in a research note on Thursday, June 20th. They issued a “neutral” rating and a $18.50 price objective on the stock. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $18.54.
NYSE:DOC opened at $17.32 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.66. The stock’s fifty day moving average is $17.30 and its two-hundred day moving average is $17.92. Physicians Realty Trust has a 52 week low of $15.18 and a 52 week high of $19.16. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 16.04 and a beta of 0.44.
Physicians Realty Trust (NYSE:DOC) last released its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.22). The firm had revenue of $94.90 million for the quarter, compared to analyst estimates 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 revenue for the quarter was down 11.3% on a year-over-year basis. During the same quarter last year, the company earned $0.28 earnings per share. On average, sell-side analysts expect that Physicians Realty Trust will post 1.01 EPS for the current fiscal year.
In other Physicians Realty Trust news, VP Bradley D. Page purchased 4,330 shares of the business’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $17.27 per share, for a total transaction of $74,779.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John T. Thomas sold 3,700 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $17.50, for a total value of $64,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,000 shares of company stock worth $350,000. Insiders own 0.62% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. James Investment Research Inc. acquired a new stake in Physicians Realty Trust in the second quarter valued at $26,000. Point72 Asset Management L.P. acquired a new stake in Physicians Realty Trust in the second quarter valued at $44,000. C M Bidwell & Associates Ltd. acquired a new stake in Physicians Realty Trust in the second quarter valued at $55,000. Advisory Services Network LLC raised its stake in Physicians Realty Trust by 23.9% in the first quarter. Advisory Services Network LLC now owns 3,124 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 602 shares in the last quarter. Finally, Optimum Investment Advisors raised its stake in Physicians Realty Trust by 280.0% in the second quarter. Optimum Investment Advisors now owns 3,800 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 2,800 shares in the last quarter. 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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