$95.52 Million in Sales Expected for Physicians Realty Trust (DOC) This Quarter
Brokerages expect Physicians Realty Trust (NYSE:DOC) to report $95.52 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Physicians Realty Trust’s earnings. The highest sales estimate is $98.20 million and the lowest is $93.12 million. Physicians Realty Trust posted sales of $73.67 million in the same quarter last year, which would indicate a positive year over year growth rate of 29.7%. The firm is scheduled to issue its next quarterly earnings report on Friday, February 23rd.
According to Zacks, analysts expect that Physicians Realty Trust will report full-year sales of $95.52 million for the current year, with estimates ranging from $333.42 million to $348.48 million. For the next fiscal year, analysts anticipate that the company will report sales of $415.83 million per share, with estimates ranging from $373.62 million to $445.17 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Physicians Realty Trust.
Physicians Realty Trust (NYSE:DOC) last announced its quarterly earnings results on Friday, November 3rd. The real estate investment trust reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $90.21 million. During the same period last year, the firm earned $0.27 earnings per share. Physicians Realty Trust’s revenue was up 32.8% on a year-over-year basis.
A number of equities research analysts recently weighed in on DOC shares. Zacks Investment Research cut shares of Physicians Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, August 30th. Royal Bank Of Canada reissued a “buy” rating and issued a $21.00 price target on shares of Physicians Realty Trust in a research report on Wednesday, November 15th. Jefferies Group raised shares of Physicians Realty Trust from an “underperform” rating to a “hold” rating and boosted their price target for the company from $17.00 to $18.00 in a research report on Monday, August 21st. Cantor Fitzgerald reissued a “buy” rating and issued a $21.00 price target on shares of Physicians Realty Trust in a research report on Wednesday, September 13th. Finally, Capital One Financial started coverage on shares of Physicians Realty Trust in a research report on Monday, September 25th. They issued an “equal weight” rating and a $19.50 price target for the company. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $20.50.
In other Physicians Realty Trust news, insider Jeffrey Theiler bought 5,634 shares of Physicians Realty Trust stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average cost of $17.76 per share, with a total value of $100,059.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.51% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in DOC. Teachers Advisors LLC raised its holdings in shares of Physicians Realty Trust by 12.9% in the first quarter. Teachers Advisors LLC now owns 250,927 shares of the real estate investment trust’s stock valued at $4,986,000 after buying an additional 28,731 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Physicians Realty Trust by 32.7% during the second quarter. Bank of Montreal Can now owns 52,166 shares of the real estate investment trust’s stock worth $1,051,000 after acquiring an additional 12,845 shares during the period. Aperio Group LLC increased its stake in shares of Physicians Realty Trust by 42.7% during the second quarter. Aperio Group LLC now owns 31,525 shares of the real estate investment trust’s stock worth $635,000 after acquiring an additional 9,440 shares during the period. US Bancorp DE increased its stake in shares of Physicians Realty Trust by 77.2% during the second quarter. US Bancorp DE now owns 88,201 shares of the real estate investment trust’s stock worth $1,776,000 after acquiring an additional 38,433 shares during the period. Finally, NGAM Advisors L.P. increased its stake in shares of Physicians Realty Trust by 4.2% during the second quarter. NGAM Advisors L.P. now owns 25,786 shares of the real estate investment trust’s stock worth $519,000 after acquiring an additional 1,041 shares during the period. 94.75% of the stock is owned by institutional investors and hedge funds.
Shares of Physicians Realty Trust (NYSE DOC) traded up $0.11 on Wednesday, reaching $17.98. 1,070,037 shares of the company were exchanged, compared to its average volume of 1,183,995. Physicians Realty Trust has a 52-week low of $17.25 and a 52-week high of $21.85. The stock has a market capitalization of $3,202.64, a PE ratio of 17.02, a PEG ratio of 2.78 and a beta of 0.52. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.46.
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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.
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