Physicians Realty Trust (DOC) Stock Price Up 2.3%
Shares of Physicians Realty Trust (NYSE:DOC) rose 2.3% during trading on Friday . The company traded as high as $21.63 and last traded at $21.49, with a volume of 450,903 shares. The stock had previously closed at $21.00.
DOC has been the topic of a number of research analyst reports. Compass Point reiterated a “buy” rating and set a $19.50 target price on shares of Physicians Realty Trust in a research report on Thursday, April 21st. Stifel Nicolaus lifted their target price on Physicians Realty Trust from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, May 6th. TheStreet upgraded Physicians Realty Trust from a “hold” rating to a “buy” rating in a research report on Thursday, June 16th. JMP Securities cut Physicians Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 22nd. Finally, Cantor Fitzgerald assumed coverage on Physicians Realty Trust in a research report on Thursday, June 23rd. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company. Physicians Realty Trust has a consensus rating of “Buy” and a consensus target price of $19.85.
The stock has a market cap of $2.86 billion and a price-to-earnings ratio of 109.03. The company has a 50 day moving average of $21.10 and a 200 day moving average of $19.01.
Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by $0.01. The firm had revenue of $53.20 million for the quarter, compared to analyst estimates of $50.82 million. The business’s revenue was up 79.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 earnings per share. On average, equities research analysts expect that Physicians Realty Trust will post $1.03 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 18th. Stockholders of record on Tuesday, July 5th were given a dividend of $0.225 per share. The ex-dividend date was Thursday, June 30th. This represents a $0.90 annualized dividend and a dividend yield of 4.21%.
In other news, EVP John Sweet sold 12,000 shares of the stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $19.90, for a total transaction of $238,800.00. Following the transaction, the executive vice president now owns 130,543 shares of the company’s stock, valued at $2,597,805.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of large investors have added to or reduced their stakes in the company. Swiss National Bank raised its stake 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 period. Pear Tree Advisors Inc. acquired a new stake in Physicians Realty Trust during the fourth quarter valued at $1,949,000. Employees Retirement System of Texas raised its stake in Physicians Realty Trust by 193.7% in the fourth quarter. Employees Retirement System of Texas now owns 232,038 shares of the real estate investment trust’s stock valued at $3,912,000 after buying an additional 153,038 shares during the period. New York State Common Retirement Fund raised its stake in Physicians Realty Trust by 331.0% in the fourth quarter. New York State Common Retirement Fund now owns 320,381 shares of the real estate investment trust’s stock valued at $5,402,000 after buying an additional 246,050 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its stake in Physicians Realty Trust by 5.4% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 581,000 shares of the real estate investment trust’s stock valued at $9,796,000 after buying an additional 30,000 shares during the period.
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.