Physicians Realty Trust (DOC) Sees Large Volume Increase
Shares of Physicians Realty Trust (NYSE:DOC) saw strong trading volume on Friday . 2,073,304 shares traded hands during mid-day trading, an increase of 108% from the previous session’s volume of 998,076 shares.The stock last traded at $21.26 and had previously closed at $21.36.
Several analysts have commented on DOC shares. Raymond James Financial Inc. cut shares of Physicians Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Friday. Citigroup Inc. cut shares of Physicians Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Friday. They noted that the move was a valuation call. SunTrust Banks Inc. upped their target price on shares of Physicians Realty Trust from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. Compass Point upped their target price on shares of Physicians Realty Trust from $20.50 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, August 9th. Finally, Wunderlich upped their target price on shares of Physicians Realty Trust from $19.50 to $22.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $20.21.
The company has a market capitalization of $2.85 billion and a PE ratio of 108.47. The firm has a 50-day moving average price of $21.15 and a 200 day moving average price of $19.48.
Physicians Realty Trust (NYSE:DOC) last issued its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarterly revenue was up 79.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. On average, equities research analysts predict that Physicians Realty Trust will post $1.03 earnings per share for the current year.
In other news, EVP John Sweet sold 12,000 shares of the firm’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 completion of the transaction, the executive vice president now owns 130,543 shares of the company’s stock, valued at $2,597,805.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
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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