Ameriprise Financial Inc. Purchases 299,102 Shares of Physicians Realty Trust (DOC)
Ameriprise Financial Inc. boosted its position in Physicians Realty Trust (NYSE:DOC) by 905.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 332,125 shares of the real estate investment trust’s stock after buying an additional 299,102 shares during the period. Ameriprise Financial Inc. owned about 0.25% of Physicians Realty Trust worth $6,977,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. BlackRock Japan Co. Ltd boosted its stake in shares of Physicians Realty Trust by 23.4% in the first quarter. BlackRock Japan Co. Ltd now owns 5,616 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 1,066 shares during the period. Creative Planning boosted its stake in shares of Physicians Realty Trust by 67.7% in the second quarter. Creative Planning now owns 5,342 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 2,156 shares during the period. BNP Paribas Arbitrage SA bought a new stake in shares of Physicians Realty Trust during the second quarter worth approximately $122,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Physicians Realty Trust by 17.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,792 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 1,029 shares during the period. Finally, Societe Generale bought a new stake in shares of Physicians Realty Trust during the second quarter worth approximately $199,000. 94.08% of the stock is owned by institutional investors and hedge funds.
Physicians Realty Trust (NYSE:DOC) traded up 0.15% during mid-day trading on Friday, reaching $19.66. The company had a trading volume of 1,319,165 shares. The company has a market capitalization of $2.63 billion, a P/E ratio of 100.31 and a beta of 0.58. The stock has a 50 day moving average price of $21.01 and a 200 day moving average price of $20.06. Physicians Realty Trust has a one year low of $14.68 and a one year high of $22.03.
Physicians Realty Trust (NYSE:DOC) last posted its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Physicians Realty Trust had a return on equity of 1.59% and a net margin of 11.73%. The business earned $53.20 million during the quarter, compared to the consensus estimate of $50.82 million. During the same period last year, the business posted $0.18 earnings per share. The business’s revenue was up 79.3% on a year-over-year basis. On average, equities analysts expect that Physicians Realty Trust will post $1.03 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Thursday, October 6th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.58%. The ex-dividend date is Tuesday, October 4th. Physicians Realty Trust’s dividend payout ratio (DPR) is presently 450.00%.
DOC has been the subject of a number of analyst reports. BTIG Research initiated coverage on Physicians Realty Trust in a research note on Thursday, August 25th. They set a “buy” rating and a $25.00 price objective for the company. Compass Point lifted their price objective on Physicians Realty Trust from $20.50 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Wunderlich lifted 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 initiated coverage on Physicians Realty Trust in a research note on Thursday, June 23rd. They set a “buy” rating for the company. Finally, TheStreet raised Physicians Realty Trust from a “hold” rating to a “buy” rating in a research note on Thursday, June 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $20.21.
In other news, insider John T. Thomas sold 15,000 shares of Physicians Realty Trust stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $21.79, for a total value of $326,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by insiders.
About Physicians Realty Trust
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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