Tommy G. Thompson Buys 2,100 Shares of Physicians Realty Trust (DOC) Stock
Physicians Realty Trust (NYSE:DOC) Director Tommy G. Thompson bought 2,100 shares of Physicians Realty Trust stock in a transaction that occurred on Wednesday, November 23rd. The stock was bought at an average cost of $18.05 per share, for a total transaction of $37,905.00. Following the purchase, the director now owns 32,938 shares in the company, valued at approximately $594,530.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Physicians Realty Trust (NYSE:DOC) opened at 18.53 on Wednesday. Physicians Realty Trust has a one year low of $15.41 and a one year high of $22.03. The company has a 50-day moving average price of $19.10 and a 200 day moving average price of $20.23. The firm has a market capitalization of $2.49 billion, a P/E ratio of 84.61 and a beta of 0.63.
Physicians Realty Trust (NYSE:DOC) last posted its quarterly earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The business earned $70 million during the quarter, compared to analyst estimates of $66.21 million. Physicians Realty Trust had a return on equity of 1.77% and a net margin of 12.86%. The company’s quarterly revenue was up 100.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.26 EPS. Analysts expect that Physicians Realty Trust will post $1.01 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Physicians Realty Trust by 43.4% in the second quarter. Vanguard Group Inc. now owns 19,970,571 shares of the real estate investment trust’s stock valued at $419,582,000 after buying an additional 6,039,827 shares during the period. Cohen & Steers Inc. boosted its position in Physicians Realty Trust by 88.4% in the second quarter. Cohen & Steers Inc. now owns 12,532,933 shares of the real estate investment trust’s stock valued at $263,317,000 after buying an additional 5,881,209 shares during the last quarter. PGGM Investments purchased a new position in Physicians Realty Trust during the third quarter valued at $58,675,000. Principal Financial Group Inc. boosted its position in Physicians Realty Trust by 52.9% in the second quarter. Principal Financial Group Inc. now owns 6,504,414 shares of the real estate investment trust’s stock valued at $136,658,000 after buying an additional 2,251,395 shares during the last quarter. Finally, Shinko Asset Management Co. Ltd. boosted its position in Physicians Realty Trust by 897.0% in the third quarter. Shinko Asset Management Co. Ltd. now owns 1,486,959 shares of the real estate investment trust’s stock valued at $32,029,000 after buying an additional 1,337,810 shares during the last quarter. Hedge funds and other institutional investors own 95.93% of the company’s stock.
DOC has been the topic of a number of recent research reports. Wunderlich upped their target price on Physicians Realty Trust from $19.50 to $22.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. SunTrust Banks Inc. upped their target price on Physicians Realty Trust from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 4th. Compass Point upped their target price on Physicians Realty Trust from $20.50 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, August 9th. BTIG Research initiated coverage on Physicians Realty Trust in a research note on Thursday, August 25th. They issued a “buy” rating and a $25.00 target price on the stock. Finally, Citigroup Inc. lowered Physicians Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Friday, September 2nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $20.93.
Physicians Realty Trust Company Profile
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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