Physicians Realty Trust (DOC) Sets New 1-Year High at $21.55
Physicians Realty Trust (NYSE:DOC) hit a new 52-week high on Thursday . The stock traded as high as $21.55 and last traded at $21.50, with a volume of 989,254 shares. The stock had previously closed at $21.05.
DOC has been the subject of several recent research reports. Wunderlich lifted their price objective on Physicians Realty Trust from $18.00 to $19.50 and gave the stock a “buy” rating in a report on Wednesday, April 6th. Royal Bank Of Canada lifted their price objective on Physicians Realty Trust from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, April 7th. Raymond James Financial Inc. reissued an “outperform” rating and issued a $20.00 price objective (up previously from $17.50) on shares of Physicians Realty Trust in a report on Tuesday, April 12th. Compass Point reissued a “buy” rating and issued a $19.50 price objective on shares of Physicians Realty Trust in a report on Thursday, April 21st. Finally, Stifel Nicolaus lifted their price objective on Physicians Realty Trust from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, May 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $19.15.
The stock’s 50 day moving average price is $20.79 and its 200 day moving average price is $18.68. The firm has a market capitalization of $2.32 billion and a PE ratio of 116.22.
Physicians Realty Trust (NYSE:DOC) last posted its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.01. The company earned $44.10 million during the quarter, compared to the consensus estimate of $43.64 million. During the same period in the previous year, the business posted $0.20 EPS. The business’s revenue was up 80.0% compared to the same quarter last year. Analysts forecast that Physicians Realty Trust will post $1.04 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 18th. Investors of record on Tuesday, July 5th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date was Thursday, June 30th.
In related news, EVP John Sweet sold 12,000 shares of the company’s stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $19.90, for a total transaction of $238,800.00. Following the completion of the sale, the executive vice president now owns 130,543 shares in the company, valued at $2,597,805.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Other hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System boosted its stake in Physicians Realty Trust by 26.0% in the fourth quarter. California State Teachers Retirement System now owns 161,570 shares of the real estate investment trust’s stock worth $2,724,000 after buying an additional 33,349 shares during the period. Swiss National Bank boosted its stake in Physicians Realty Trust by 15.7% in the fourth quarter. Swiss National Bank now owns 115,000 shares of the real estate investment trust’s stock worth $1,939,000 after buying an additional 15,600 shares during the period. Sei Investments Co. purchased a new stake in Physicians Realty Trust during the fourth quarter worth approximately $1,006,000. New York State Common Retirement Fund boosted its stake in Physicians Realty Trust by 331.0% in the fourth quarter. New York State Common Retirement Fund now owns 320,381 shares of the real estate investment trust’s stock worth $5,402,000 after buying an additional 246,050 shares during the period. Finally, State of Wisconsin Investment Board boosted its stake in Physicians Realty Trust by 30.3% in the fourth quarter. State of Wisconsin Investment Board now owns 521,268 shares of the real estate investment trust’s stock worth $8,789,000 after buying an additional 121,268 shares during the period.
Physicians Realty Trust (Physicians Realty) is a self-managed healthcare real estate company. The Company acquires, develops, owns and manages healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. As of December 31, 2014, the Company’s portfolio consisted of 87 properties located in 19 states of the United States with approximately 3,100,701 net leasable square feet.
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