Physicians Realty Trust (NYSE:DOC) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Physicians Realty Trust is a REIT. It is a self-managed healthcare real estate company engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company’s principal investments will include medical office buildings, outpatient treatment facilities, acute and post-acute care hospitals, as well as other real estate integral to healthcare providers. Physicians Realty Trust is based in Milwaukee, Wisconsin. “

Several other analysts also recently issued reports on DOC. BidaskClub raised shares of Physicians Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Cantor Fitzgerald reissued an “overweight” rating and set a $21.00 price objective (down previously from $23.00) on shares of Physicians Realty Trust in a research note on Monday, August 21st. Stifel Nicolaus reduced their price objective on shares of Physicians Realty Trust from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, July 12th. Jefferies Group LLC reissued a “hold” rating and set a $21.00 price objective on shares of Physicians Realty Trust in a research note on Wednesday, June 14th. Finally, Raymond James Financial, Inc. downgraded shares of Physicians Realty Trust from a “strong-buy” rating to an “outperform” rating and set a $21.00 price objective on the stock. in a research note on Monday, July 17th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.58.

Shares of Physicians Realty Trust (NYSE:DOC) opened at 18.48 on Tuesday. Physicians Realty Trust has a one year low of $17.12 and a one year high of $21.95. The firm has a market cap of $2.91 billion, a P/E ratio of 78.97 and a beta of 0.55. The stock’s 50 day moving average is $18.38 and its 200-day moving average is $19.48.

Physicians Realty Trust (NYSE:DOC) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. Physicians Realty Trust had a net margin of 11.51% and a return on equity of 1.75%. The company had revenue of $76.60 million for the quarter, compared to the consensus estimate of $80.48 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. The company’s revenue for the quarter was up 43.9% compared to the same quarter last year. Analysts anticipate that Physicians Realty Trust will post $0.27 EPS for the current fiscal year.

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Hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Physicians Realty Trust by 5.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,098 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 425 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in Physicians Realty Trust by 603.8% during the second quarter. Chicago Partners Investment Group LLC now owns 9,086 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 7,795 shares during the last quarter. Pinnacle Associates Ltd. acquired a new position in Physicians Realty Trust during the second quarter worth approximately $205,000. Quantbot Technologies LP increased its position in Physicians Realty Trust by 69.8% during the first quarter. Quantbot Technologies LP now owns 11,729 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 4,821 shares during the last quarter. Finally, Profund Advisors LLC increased its position in Physicians Realty Trust by 6.8% during the second quarter. Profund Advisors LLC now owns 11,569 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 733 shares during the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

About Physicians Realty Trust

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.

Analyst Recommendations for Physicians Realty Trust (NYSE:DOC)

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