Physicians Realty Trust (DOC) Declares Quarterly Dividend of $0.23
Physicians Realty Trust (NYSE:DOC) announced a quarterly dividend on Friday, December 22nd, Wall Street Journal reports. Stockholders of record on Wednesday, January 3rd will be paid a dividend of 0.23 per share by the real estate investment trust on Thursday, January 18th. This represents a $0.92 annualized dividend and a dividend yield of 5.22%. The ex-dividend date of this dividend is Tuesday, January 2nd.
Physicians Realty Trust has a dividend payout ratio of 87.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Physicians Realty Trust to earn $1.15 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 80.0%.
Shares of Physicians Realty Trust (NYSE DOC) traded down $0.14 during trading hours on Friday, hitting $17.64. 1,010,000 shares of the stock traded hands, compared to its average volume of 1,474,184. Physicians Realty Trust has a 12 month low of $17.25 and a 12 month high of $21.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market cap of $3,160.00, a PE ratio of 16.93, a price-to-earnings-growth ratio of 2.78 and a beta of 0.54.
Physicians Realty Trust (NYSE:DOC) last released its quarterly earnings data on Friday, November 3rd. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). Physicians Realty Trust had a return on equity of 1.70% and a net margin of 11.39%. The firm had revenue of $93.00 million for the quarter, compared to the consensus estimate of $90.21 million. During the same period in the previous year, the business earned $0.27 EPS. The firm’s revenue was up 32.8% compared to the same quarter last year. sell-side analysts anticipate that Physicians Realty Trust will post 1.05 EPS for the current year.
In related news, Director Tommy G. Thompson purchased 2,705 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were purchased at an average price of $18.46 per share, with a total value of $49,934.30. Following the completion of the purchase, the director now owns 49,339 shares in the company, valued at approximately $910,797.94. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey Theiler purchased 5,634 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was bought at an average cost of $17.76 per share, for a total transaction of $100,059.84. The disclosure for this purchase can be found here. Insiders own 0.51% of the company’s stock.
Several research analysts recently weighed in on the stock. Royal Bank of Canada reissued a “buy” rating and set a $21.00 price objective on shares of Physicians Realty Trust in a research note on Wednesday, September 13th. B. Riley reissued a “buy” rating on shares of Physicians Realty Trust in a research note on Wednesday, November 1st. Cantor Fitzgerald lifted their price objective on shares of Physicians Realty Trust from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 7th. Zacks Investment Research lowered shares of Physicians Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 30th. Finally, Capital One Financial assumed coverage on shares of Physicians Realty Trust in a research note on Monday, September 25th. They set an “equal weight” rating and a $19.50 price objective on the stock. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $20.41.
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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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