Physicians Realty Trust (DOC) Shares Up 2.3%
Physicians Realty Trust (NYSE:DOC) shares shot up 2.3% during mid-day trading on Friday . The stock traded as high as $21.63 and last traded at $21.49, with a volume of 450,903 shares. The stock had previously closed at $21.00.
Several brokerages recently issued reports on DOC. Wunderlich increased their target price on shares of Physicians Realty Trust from $19.50 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Cantor Fitzgerald began coverage on shares of Physicians Realty Trust in a research note on Thursday, June 23rd. They set a “buy” rating on the stock. JMP Securities lowered shares of Physicians Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 22nd. Stifel Nicolaus increased their target price on shares of Physicians Realty Trust from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, May 6th. Finally, TheStreet raised shares of Physicians Realty Trust from a “hold” rating to a “buy” rating in a research note on Thursday, June 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $19.85.
The company has a market capitalization of $2.86 billion and a price-to-earnings ratio of 109.03. The stock has a 50 day moving average price of $21.13 and a 200-day moving average price of $19.05.
Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.01. The business had revenue of $53.20 million for the quarter, compared to analyst estimates of $50.82 million. The company’s revenue for the quarter was up 79.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Analysts forecast that Physicians Realty Trust will post $1.02 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 18th. Shareholders 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 4.21%. The ex-dividend date of this dividend was Thursday, June 30th.
In other Physicians Realty Trust news, EVP John Sweet sold 12,000 shares of the business’s stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $19.90, for a total transaction of $238,800.00. Following the transaction, the executive vice president now directly owns 130,543 shares of the company’s stock, valued at approximately $2,597,805.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
A number of hedge funds and institutional investors recently modified their holdings of DOC. Swiss National Bank increased its position in shares of 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 last quarter. Pear Tree Advisors Inc. acquired a new stake in Physicians Realty Trust during the fourth quarter worth $1,949,000. Employees Retirement System of Texas increased its stake in Physicians Realty Trust by 193.7% in the fourth quarter. Employees Retirement System of Texas now owns 232,038 shares of the real estate investment trust’s stock worth $3,912,000 after buying an additional 153,038 shares in the last quarter. New York State Common Retirement Fund increased 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 in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in Physicians Realty Trust by 5.4% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 581,000 shares of the real estate investment trust’s stock worth $9,796,000 after buying an additional 30,000 shares in the last quarter.
Physicians Realty Trust is a healthcare real estate company. The Company is engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company’s portfolio includes approximately 150 properties located in approximately 30 states with approximately 5,799,340 net leasable square feet.
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