Physicians Realty Trust (DOC) Hits New 12-Month High at $21.43
Physicians Realty Trust (NYSE:DOC) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $21.43 and last traded at $21.41, with a volume of 570,531 shares trading hands. The stock had previously closed at $21.39.
Several equities research analysts have recently issued reports on DOC shares. BMO Capital Markets raised their target price on Physicians Realty Trust to $18.50 and gave the company an “outperform” rating in a research report on Wednesday, March 23rd. Compass Point raised their target price on Physicians Realty Trust from $19.50 to $20.50 and gave the company a “buy” rating in a research report on Monday, May 9th. Raymond James Financial Inc. reaffirmed an “outperform” rating and set a $20.00 target price (up from $17.50) on shares of Physicians Realty Trust in a research report on Tuesday, April 12th. Royal Bank Of Canada raised their target price on Physicians Realty Trust from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, April 7th. Finally, TheStreet raised Physicians Realty Trust from a “hold” rating to a “buy” rating in a report on Thursday, June 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the stock. Physicians Realty Trust currently has an average rating of “Buy” and an average price target of $19.15.
The stock’s 50 day moving average price is $20.04 and its 200 day moving average price is $18.26. The firm has a market capitalization of $2.31 billion and a PE ratio of 115.649.
Physicians Realty Trust (NYSE:DOC) last announced its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by $0.01. The firm earned $44.10 million during the quarter, compared to analysts’ expectations of $43.64 million. Physicians Realty Trust’s quarterly revenue was up 80.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 earnings per share. Analysts forecast that Physicians Realty Trust will post $1.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 18th. Stockholders of record on Tuesday, July 5th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Thursday, June 30th.
In other news, EVP John Sweet sold 12,000 shares of the company’s stock in a transaction on Tuesday, June 14th. The stock was 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 $2,597,805.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Several hedge funds and institutional investors have made changes to their positions in the stock. Sei Investments Co. acquired a new position in shares of Physicians Realty Trust during the fourth quarter worth about $1,006,000. Morgan Stanley increased its position in shares of Physicians Realty Trust by 37.8% in the fourth quarter. Morgan Stanley now owns 90,935 shares of the real estate investment trust’s stock worth $1,534,000 after buying an additional 24,966 shares during the last quarter. 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. purchased a new stake in Physicians Realty Trust during the fourth quarter worth approximately $1,949,000. Finally, California State Teachers Retirement System boosted its stake in Physicians Realty Trust by 26.0% in the fourth quarter. California State Teachers Retirement System now owns 161,570 shares of the real estate investment trust’s stock worth $2,724,000 after buying an additional 33,349 shares during the period.
Physicians Realty Trust (Physicians Realty) is a self-managed healthcare real estate company. The Company acquires, develops, owns and manages healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. As of December 31, 2014, the Company’s portfolio consisted of 87 properties located in 19 states of the United States with approximately 3,100,701 net leasable square feet.
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