KeyCorp Reiterates Hold Rating for Physicians Realty Trust (DOC)
Physicians Realty Trust (NYSE:DOC)‘s stock had its “hold” rating reiterated by stock analysts at KeyCorp in a research report issued to clients and investors on Tuesday.
A number of other research firms have also recently weighed in on DOC. Zacks Investment Research upgraded Physicians Realty Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday. BidaskClub upgraded Physicians Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Morgan Stanley upgraded Physicians Realty Trust from an “underweight” rating to an “equal weight” rating and set a $18.00 price target for the company in a report on Monday, July 24th. UBS AG cut Physicians Realty Trust from a “strong-buy” rating to an “outperform” rating in a report on Monday, July 17th. Finally, Jefferies Group LLC upgraded Physicians Realty Trust from an “underperform” rating to a “hold” rating and increased their price target for the stock from $17.00 to $18.00 in a report on Monday, August 21st. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Physicians Realty Trust presently has an average rating of “Buy” and an average price target of $20.58.
Shares of Physicians Realty Trust (NYSE:DOC) opened at 18.48 on Tuesday. The company has a market capitalization of $2.91 billion, a P/E ratio of 78.97 and a beta of 0.55. Physicians Realty Trust has a 12-month low of $17.12 and a 12-month high of $21.95. The company has a 50 day moving average price of $18.38 and a 200 day moving average price of $19.48.
Physicians Realty Trust (NYSE:DOC) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $76.60 million during the quarter, compared to analysts’ expectations of $80.48 million. Physicians Realty Trust had a return on equity of 1.75% and a net margin of 11.51%. The company’s revenue was up 43.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 EPS. Equities analysts anticipate that Physicians Realty Trust will post $0.27 EPS for the current year.
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A number of institutional investors have recently made changes to their positions in DOC. BlackRock Inc. boosted its holdings in Physicians Realty Trust by 7,013.7% during the 1st quarter. BlackRock Inc. now owns 14,247,372 shares of the real estate investment trust’s stock valued at $283,095,000 after acquiring an additional 14,047,091 shares during the period. Vanguard Group Inc. boosted its holdings in Physicians Realty Trust by 12.8% during the 2nd quarter. Vanguard Group Inc. now owns 26,712,583 shares of the real estate investment trust’s stock valued at $537,992,000 after acquiring an additional 3,033,019 shares during the period. Cbre Clarion Securities LLC purchased a new position in Physicians Realty Trust during the 2nd quarter valued at about $46,701,000. Janus Henderson Group PLC boosted its holdings in Physicians Realty Trust by 407.5% during the 2nd quarter. Janus Henderson Group PLC now owns 2,793,368 shares of the real estate investment trust’s stock valued at $56,244,000 after acquiring an additional 2,242,984 shares during the period. Finally, Neuberger Berman Group LLC boosted its holdings in Physicians Realty Trust by 6,963.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,927,132 shares of the real estate investment trust’s stock valued at $38,812,000 after acquiring an additional 1,899,849 shares during the period. Institutional investors own 94.27% of the company’s stock.
Physicians Realty Trust Company Profile
Physicians Realty Trust (the Trust) is a real estate investment trust. Physicians Realty L.P. is the operating partnership of the Trust. The Trust and its operating partnership are engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems.
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