Physicians Realty Trust (NYSE:DOC) has been given a $18.00 price target by investment analysts at SunTrust Banks in a research report issued on Monday. The firm presently has a “hold” rating on the real estate investment trust’s stock. SunTrust Banks’ target price would suggest a potential upside of 8.70% from the stock’s current price.
Several other research analysts also recently commented on the company. B. Riley reissued a “buy” rating on shares of Physicians Realty Trust in a research note on Wednesday, November 1st. Cantor Fitzgerald reissued a “buy” rating and set a $21.00 target price on shares of Physicians Realty Trust in a research note on Tuesday, September 26th. Stifel Nicolaus reissued a “buy” rating and set a $22.00 target price on shares of Physicians Realty Trust in a research note on Wednesday, October 4th. Capital One Financial initiated coverage on Physicians Realty Trust in a research note on Monday, September 25th. They set an “equal weight” rating and a $19.50 target price for the company. Finally, KeyCorp raised Physicians Realty Trust from a “sector weight” rating to an “overweight” rating in a research note on Thursday, October 12th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $20.05.
Physicians Realty Trust (NYSE:DOC) traded up $0.20 on Monday, reaching $16.56. 1,992,631 shares of the company traded hands, compared to its average volume of 1,522,762. Physicians Realty Trust has a 1-year low of $16.21 and a 1-year high of $21.85. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.59 and a quick ratio of 1.59. The company has a market capitalization of $2,970.00, a PE ratio of 72.00, a price-to-earnings-growth ratio of 2.51 and a beta of 0.54.
In other news, Director Tommy G. Thompson acquired 2,705 shares of the stock in a transaction dated Thursday, December 14th. The stock was bought at an average price of $18.46 per share, with a total value of $49,934.30. Following the completion of the purchase, the director now directly owns 49,339 shares of the company’s stock, valued at approximately $910,797.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey Theiler acquired 5,634 shares of the stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average cost of $17.76 per share, with a total value of $100,059.84. The disclosure for this purchase can be found here. Corporate insiders own 0.51% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Physicians Realty Trust by 12.8% during the 2nd quarter. Vanguard Group Inc. now owns 26,712,583 shares of the real estate investment trust’s stock valued at $537,992,000 after purchasing an additional 3,033,019 shares during the period. BlackRock Inc. increased its position in Physicians Realty Trust by 1.9% during the 2nd quarter. BlackRock Inc. now owns 14,519,268 shares of the real estate investment trust’s stock valued at $292,418,000 after purchasing an additional 271,896 shares during the period. Cohen & Steers Inc. increased its position in Physicians Realty Trust by 12.7% during the 3rd quarter. Cohen & Steers Inc. now owns 12,946,213 shares of the real estate investment trust’s stock valued at $229,536,000 after purchasing an additional 1,458,455 shares during the period. Principal Financial Group Inc. increased its position in Physicians Realty Trust by 2.9% during the 3rd quarter. Principal Financial Group Inc. now owns 8,975,689 shares of the real estate investment trust’s stock valued at $159,139,000 after purchasing an additional 250,054 shares during the period. Finally, Lord Abbett & CO. LLC increased its position in Physicians Realty Trust by 2.1% during the 2nd quarter. Lord Abbett & CO. LLC now owns 3,777,212 shares of the real estate investment trust’s stock valued at $76,073,000 after purchasing an additional 79,439 shares during the period. 93.41% of the stock is owned by institutional investors and hedge funds.
Physicians Realty Trust Company Profile
Physicians Realty Trust (the Trust) is a real estate investment trust. Physicians Realty L.P. is the operating partnership of the Trust. The Trust and its operating partnership are engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems.
