Physicians Realty Trust (DOC) Shares Up 2.5%
Shares of Physicians Realty Trust (NYSE:DOC) shot up 2.5% during trading on Monday . The stock traded as high as $21.51 and last traded at $21.44, with a volume of 1,341,517 shares traded. The stock had previously closed at $20.92.
A number of analysts have issued reports on DOC shares. BTIG Research started coverage on shares of Physicians Realty Trust in a research note on Thursday. They issued a “buy” rating and a $25.00 target price for the company. Compass Point lifted their target price on shares of Physicians Realty Trust from $20.50 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, August 9th. SunTrust Banks Inc. lifted their target price on shares of Physicians Realty Trust from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 4th. Wunderlich lifted their target price on shares of Physicians Realty Trust from $19.50 to $22.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Finally, Cantor Fitzgerald started coverage on shares of Physicians Realty Trust in a research note on Thursday, June 23rd. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $20.21.
The firm has a market cap of $2.87 billion and a PE ratio of 109.23. The stock’s 50 day moving average is $21.12 and its 200 day moving average is $19.32.
Physicians Realty Trust (NYSE:DOC) last released its quarterly earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by $0.01. During the same period in the prior year, the business posted $0.18 earnings per share. The business earned $53.20 million during the quarter, compared to analysts’ expectations of $50.82 million. The firm’s revenue was up 79.3% on a year-over-year basis. On average, equities research analysts forecast that Physicians Realty Trust will post $1.03 earnings per share for the current fiscal year.
In other Physicians Realty Trust news, EVP John Sweet sold 12,000 shares of the company’s stock in a transaction that occurred 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 owns 130,543 shares of the company’s stock, valued at approximately $2,597,805.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
An institutional investor recently raised its position in Physicians Realty Trust stock. BlackRock Advisors LLC boosted its position in Physicians Realty Trust (NYSE:DOC) by 3,139.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,506,563 shares of the real estate investment trust’s stock after buying an additional 1,460,052 shares during the period. BlackRock Advisors LLC owned approximately 2.13% of Physicians Realty Trust worth $25,401,000 as of its most recent filing with the SEC.
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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