Physicians Realty Trust (DOC) Trading Down 1.2%
Shares of Physicians Realty Trust (NYSE:DOC) dropped 1.2% during trading on Tuesday . The stock traded as low as $21.12 and last traded at $21.20, with a volume of 395,544 shares traded. The stock had previously closed at $21.46.
DOC has been the subject of several research reports. TheStreet upgraded Physicians Realty Trust from a “hold” rating to a “buy” rating in a research report on Thursday, June 16th. Compass Point upped their target price on Physicians Realty Trust from $19.50 to $20.50 and gave the company a “buy” rating in a report on Monday, May 9th. Stifel Nicolaus upped their target price on Physicians Realty Trust from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, May 6th. Wunderlich upped their target price on Physicians Realty Trust from $18.00 to $19.50 and gave the company a “buy” rating in a report on Wednesday, April 6th. Finally, Cantor Fitzgerald began coverage on Physicians Realty Trust in a report on Thursday, June 23rd. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $19.15.
The stock has a 50-day moving average of $20.15 and a 200-day moving average of $18.32. The stock has a market cap of $2.28 billion and a PE ratio of 114.11.
Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.01. During the same period in the previous year, the company posted $0.20 earnings per share. The company earned $44.10 million during the quarter, compared to analysts’ expectations of $43.64 million. The business’s revenue was up 80.0% compared to the same quarter last year. On average, equities research analysts forecast that Physicians Realty Trust will post $1.05 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 18th. Investors of record on Tuesday, July 5th will be issued a dividend of $0.225 per share. The ex-dividend date is Thursday, June 30th. This represents a $0.90 annualized dividend and a yield of 4.19%.
In related news, EVP John Sweet sold 12,000 shares of Physicians Realty Trust 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 completion of 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 legal filing with the SEC, which is accessible through the SEC website.
A number of institutional investors recently added to or reduced their stakes in DOC. Sei Investments Co. bought a new position in Physicians Realty Trust during the fourth quarter valued at $1,006,000. Morgan Stanley increased its position in 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 valued at $1,534,000 after buying an additional 24,966 shares during the last quarter. Swiss National Bank increased its position in 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 valued at $1,939,000 after buying an additional 15,600 shares during the last quarter. Pear Tree Advisors Inc. bought a new position in Physicians Realty Trust during the fourth quarter valued at $1,949,000. Finally, California State Teachers Retirement System increased its position 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 valued at $2,724,000 after buying an additional 33,349 shares during the last quarter.
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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