Physicians Realty Trust (DOC) Sees Strong Trading Volume
Physicians Realty Trust (NYSE:DOC) shares saw strong trading volume on Friday . 879,504 shares were traded during trading, an increase of 2% from the previous session’s volume of 865,142 shares.The stock last traded at $21.17 and had previously closed at $21.49.
A number of research analysts have commented on the company. Wunderlich boosted their price objective on 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 assumed coverage on Physicians Realty Trust in a research note on Thursday, June 23rd. They set a “buy” rating on the stock. JMP Securities cut Physicians Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 22nd. Stifel Nicolaus boosted their price objective on 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 upgraded Physicians Realty Trust from a “hold” rating to a “buy” rating in a research note on Thursday, June 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $20.21.
The company has a market capitalization of $2.80 billion and a P/E ratio of 106.73. The company’s 50-day moving average is $21.12 and its 200-day moving average is $19.32.
Physicians Realty Trust (NYSE:DOC) last posted its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The business had revenue of $53.20 million for the quarter, compared to analysts’ expectations of $50.82 million. Physicians Realty Trust’s revenue was up 79.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 earnings per share. On average, equities research analysts predict that Physicians Realty Trust will post $1.03 EPS for the current fiscal year.
In related news, EVP John Sweet sold 12,000 shares of the stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $19.90, for a total value 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 filing with the SEC, which can be accessed through this link.
An institutional investor recently raised its position in Physicians Realty Trust stock. BlackRock Advisors LLC raised its position in Physicians Realty Trust (NYSE:DOC) by 3,139.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,506,563 shares of the real estate investment trust’s stock after buying an additional 1,460,052 shares during the period. BlackRock Advisors LLC owned 2.13% of Physicians Realty Trust worth $25,401,000 at the end of the most recent reporting period.
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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