Zacks Investment Research downgraded shares of Physicians Realty Trust (NYSE:DOC) from a hold rating to a sell rating in a research note released 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 brokerages also recently weighed in on DOC. KeyCorp boosted their price target on Physicians Realty Trust from $17.00 to $18.00 and gave the company a buy rating in a report on Monday, September 10th. B. Riley reiterated a buy rating on shares of Physicians Realty Trust in a report on Monday, November 5th. ValuEngine upgraded Physicians Realty Trust from a strong sell rating to a sell rating in a report on Wednesday, July 11th. TheStreet upgraded Physicians Realty Trust from a c+ rating to a b rating in a report on Friday, August 3rd. Finally, Robert W. Baird boosted their price target on Physicians Realty Trust from $17.00 to $18.00 and gave the company an outperform rating in a report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Physicians Realty Trust currently has an average rating of Buy and a consensus price target of $17.77.

DOC traded up $0.16 during trading on Tuesday, hitting $17.09. The company’s stock had a trading volume of 1,207,892 shares, compared to its average volume of 1,190,277. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.16 and a current ratio of 0.89. The company has a market capitalization of $3.06 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 3.96 and a beta of 0.40. Physicians Realty Trust has a twelve month low of $14.13 and a twelve month high of $19.03.

Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings results on Friday, November 2nd. The real estate investment trust reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The company had revenue of $105.03 million during the quarter, compared to the consensus estimate of $103.70 million. Physicians Realty Trust had a return on equity of 2.20% and a net margin of 13.33%. Physicians Realty Trust’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 EPS. As a group, equities research analysts forecast that Physicians Realty Trust will post 1.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 18th. Stockholders of record on Wednesday, October 3rd were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, October 2nd. This represents a $0.92 annualized dividend and a dividend yield of 5.38%. Physicians Realty Trust’s dividend payout ratio is presently 88.46%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new stake in shares of Physicians Realty Trust during the 2nd quarter valued at $198,000. Employees Retirement System of Texas purchased a new stake in shares of Physicians Realty Trust during the 2nd quarter valued at $4,607,000. Raymond James Financial Services Advisors Inc. boosted its position in Physicians Realty Trust by 5.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 158,390 shares of the real estate investment trust’s stock worth $2,525,000 after purchasing an additional 8,464 shares during the period. Securian Asset Management Inc boosted its position in Physicians Realty Trust by 1,072.7% during the 2nd quarter. Securian Asset Management Inc now owns 313,100 shares of the real estate investment trust’s stock worth $4,991,000 after purchasing an additional 286,400 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in Physicians Realty Trust by 934.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 877,500 shares of the real estate investment trust’s stock worth $13,987,000 after purchasing an additional 792,700 shares during the period. 92.38% of the stock is owned by institutional investors.

About Physicians Realty Trust

Physicians Realty Trust is a self-managed healthcare real estate company organized to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company invests in real estate that is integral to providing high quality healthcare.

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