Physicians Realty Trust (DOC) Sees Unusually-High Trading Volume
Physicians Realty Trust (NYSE:DOC) shares saw strong trading volume on Friday . 2,073,304 shares changed hands during mid-day trading, an increase of 108% from the previous session’s volume of 998,076 shares.The stock last traded at $21.26 and had previously closed at $21.36.
Several equities analysts have commented on the company. Raymond James Financial Inc. cut Physicians Realty Trust from an “outperform” rating to a “market perform” rating in a report on Friday. Stifel Nicolaus upped their price objective on Physicians Realty Trust from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, May 6th. Wunderlich upped their price objective on Physicians Realty Trust from $19.50 to $22.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. SunTrust Banks Inc. upped their price objective on Physicians Realty Trust from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 4th. Finally, Compass Point upped their price objective on Physicians Realty Trust from $20.50 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, August 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $20.21.
The stock has a 50-day moving average of $21.15 and a 200-day moving average of $19.48. The stock has a market cap of $2.85 billion and a PE ratio of 108.47.
Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The business had revenue of $53.20 million for the quarter, compared to analysts’ expectations of $50.82 million. During the same period in the previous year, the business earned $0.18 EPS. The firm’s revenue was up 79.3% on a year-over-year basis. On average, analysts expect that Physicians Realty Trust will post $1.03 earnings per share for the current year.
In other Physicians Realty Trust news, EVP John Sweet sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $19.90, for a total transaction of $238,800.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink.
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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