Physicians Realty Trust (DOC) Sees Large Volume Increase
Physicians Realty Trust (NYSE:DOC) shares saw unusually-strong trading volume on Friday . Approximately 879,504 shares traded hands during mid-day trading, an increase of 2% from the previous session’s volume of 865,142 shares.The stock last traded at $21.17 and had previously closed at $21.49.
A number of equities research analysts have recently weighed in on DOC shares. Stifel Nicolaus raised their price objective on shares of Physicians Realty Trust from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, May 6th. Compass Point raised their price objective on shares of Physicians Realty Trust from $19.50 to $20.50 and gave the company a “buy” rating in a report on Monday, May 9th. TheStreet upgraded shares of Physicians Realty Trust from a “hold” rating to a “buy” rating in a report on Thursday, June 16th. JMP Securities lowered shares of Physicians Realty Trust from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 22nd. Finally, Cantor Fitzgerald started coverage on shares of Physicians Realty Trust in a report on Thursday, June 23rd. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the stock. Physicians Realty Trust has a consensus rating of “Buy” and an average price target of $20.21.
The stock has a market cap of $2.80 billion and a price-to-earnings ratio of 106.73. The firm’s 50 day moving average is $21.13 and its 200 day moving average is $19.31.
Physicians Realty Trust (NYSE:DOC) last announced its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.22 earnings per share 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 company’s revenue for the quarter was up 79.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 EPS. On average, analysts expect that Physicians Realty Trust will post $1.03 EPS for the current year.
In other news, EVP John Sweet sold 12,000 shares of the company’s stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $19.90, for a total value of $238,800.00. Following the completion of the transaction, the executive vice president now directly owns 130,543 shares in the company, valued at $2,597,805.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
An institutional investor recently raised its position in Physicians Realty Trust stock. Employees Retirement System of Texas boosted its stake in shares of Physicians Realty Trust (NYSE:DOC) by 193.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 232,038 shares of the real estate investment trust’s stock after buying an additional 153,038 shares during the period. Employees Retirement System of Texas owned approximately 0.33% of Physicians Realty Trust worth $3,912,000 as of its most recent SEC filing.
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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