Cantor Fitzgerald Boosts Physicians Realty Trust (DOC) Price Target to $21.00
Physicians Realty Trust (NYSE:DOC) had its price objective increased by Cantor Fitzgerald from $20.00 to $21.00 in a report issued on Tuesday. The firm currently has an overweight rating on the real estate investment trust’s stock. Cantor Fitzgerald also issued estimates for Physicians Realty Trust’s FY2017 earnings at $1.06 EPS and FY2018 earnings at $1.21 EPS.
A number of other research analysts have also commented on the stock. KeyCorp upgraded shares of Physicians Realty Trust from a sector weight rating to an overweight rating in a research note on Thursday, October 12th. Stifel Nicolaus restated a buy rating and set a $22.00 target price on shares of Physicians Realty Trust in a research report on Wednesday, October 4th. Capital One Financial Corporation assumed coverage on shares of Physicians Realty Trust in a research report on Monday, September 25th. They set an equal weight rating and a $19.50 target price on the stock. Jefferies Group LLC restated a hold rating and set a $19.00 target price (up previously from $18.00) on shares of Physicians Realty Trust in a research report on Friday, September 22nd. Finally, Royal Bank Of Canada restated a buy rating and set a $21.00 target price on shares of Physicians Realty Trust in a research report on Wednesday, September 13th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $20.50.
Shares of Physicians Realty Trust (NYSE:DOC) traded up $0.14 on Tuesday, reaching $18.23. 78,973 shares of the company were exchanged, compared to its average volume of 1,474,368. Physicians Realty Trust has a twelve month low of $17.25 and a twelve month high of $21.85. The firm has a market cap of $3,227.73, a price-to-earnings ratio of 17.15, a P/E/G ratio of 2.44 and a beta of 0.52. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.17 and a current ratio of 1.59.
Physicians Realty Trust (NYSE:DOC) last announced its quarterly earnings results on Friday, November 3rd. The real estate investment trust reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). Physicians Realty Trust had a net margin of 11.39% and a return on equity of 1.70%. The company had revenue of $93.00 million during the quarter, compared to analyst estimates of $90.21 million. During the same quarter last year, the company posted $0.27 EPS. The firm’s quarterly revenue was up 32.8% on a year-over-year basis. analysts anticipate that Physicians Realty Trust will post 1.06 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of US & international copyright & trademark legislation. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2017/11/10/cantor-fitzgerald-boosts-physicians-realty-trust-doc-price-target-to-21-00.html.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 18th. Stockholders of record on Tuesday, October 3rd were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend was Monday, October 2nd. Physicians Realty Trust’s dividend payout ratio (DPR) is presently 400.02%.
In other news, insider Jeffrey Theiler purchased 5,634 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was bought at an average price of $17.76 per share, with a total value of $100,059.84. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.51% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN lifted its holdings in shares of Physicians Realty Trust by 29.1% during the 3rd quarter. Wells Fargo & Company MN now owns 1,969,032 shares of the real estate investment trust’s stock worth $34,910,000 after acquiring an additional 443,825 shares during the period. Amalgamated Bank lifted its holdings in shares of Physicians Realty Trust by 19.8% during the 3rd quarter. Amalgamated Bank now owns 22,708 shares of the real estate investment trust’s stock worth $403,000 after acquiring an additional 3,757 shares during the period. Virginia Retirement Systems ET AL lifted its holdings in shares of Physicians Realty Trust by 18.8% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 134,200 shares of the real estate investment trust’s stock worth $2,379,000 after acquiring an additional 21,200 shares during the period. Legal & General Group Plc lifted its holdings in shares of Physicians Realty Trust by 25.5% during the 3rd quarter. Legal & General Group Plc now owns 512,641 shares of the real estate investment trust’s stock worth $9,091,000 after acquiring an additional 104,033 shares during the period. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of Physicians Realty Trust by 32.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 19,280 shares of the real estate investment trust’s stock worth $342,000 after acquiring an additional 4,747 shares during the period. 94.91% of the stock is owned by institutional investors.
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.
Receive News & Ratings for Physicians Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Physicians Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.