GW&K Investment Management LLC Sells 1,514,141 Shares of Physicians Realty Trust (NYSE:DOC)

GW&K Investment Management LLC lowered its position in shares of Physicians Realty Trust (NYSE:DOCGet Rating) by 39.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,278,036 shares of the real estate investment trust’s stock after selling 1,514,141 shares during the quarter. GW&K Investment Management LLC owned approximately 1.03% of Physicians Realty Trust worth $42,895,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC increased its holdings in Physicians Realty Trust by 1.7% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 36,518 shares of the real estate investment trust’s stock valued at $688,000 after purchasing an additional 604 shares during the last quarter. HighTower Advisors LLC increased its holdings in Physicians Realty Trust by 1.0% in the third quarter. HighTower Advisors LLC now owns 62,383 shares of the real estate investment trust’s stock valued at $1,102,000 after purchasing an additional 622 shares during the last quarter. People s United Financial Inc. increased its holdings in Physicians Realty Trust by 2.1% in the third quarter. People s United Financial Inc. now owns 37,778 shares of the real estate investment trust’s stock valued at $666,000 after purchasing an additional 760 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Physicians Realty Trust by 1.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 47,601 shares of the real estate investment trust’s stock valued at $839,000 after purchasing an additional 784 shares during the last quarter. Finally, Voya Investment Management LLC increased its holdings in Physicians Realty Trust by 1.0% in the third quarter. Voya Investment Management LLC now owns 86,322 shares of the real estate investment trust’s stock valued at $1,521,000 after purchasing an additional 813 shares during the last quarter. Institutional investors own 87.64% of the company’s stock.

A number of research firms recently commented on DOC. Morgan Stanley dropped their price objective on Physicians Realty Trust from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday, March 7th. Zacks Investment Research cut Physicians Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, May 16th. Colliers Securities reissued a “buy” rating and issued a $20.00 target price on shares of Physicians Realty Trust in a research note on Thursday, February 24th. Royal Bank of Canada decreased their target price on Physicians Realty Trust from $19.00 to $18.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 9th. Finally, Credit Suisse Group assumed coverage on Physicians Realty Trust in a research note on Tuesday, February 1st. They issued a “neutral” rating and a $19.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.33.

Shares of DOC stock traded up $0.23 on Friday, hitting $17.69. 2,482,035 shares of the stock were exchanged, compared to its average volume of 3,225,888. The business has a 50-day moving average of $17.51 and a 200 day moving average of $17.82. Physicians Realty Trust has a fifty-two week low of $16.07 and a fifty-two week high of $19.59. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $3.99 billion, a P/E ratio of 49.14, a price-to-earnings-growth ratio of 2.50 and a beta of 0.82.

Physicians Realty Trust (NYSE:DOCGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.22). The business had revenue of $130.39 million during the quarter, compared to the consensus estimate of $126.51 million. Physicians Realty Trust had a net margin of 16.82% and a return on equity of 2.78%. Physicians Realty Trust’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. As a group, research analysts forecast that Physicians Realty Trust will post 1.1 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Thursday, March 31st were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date was Wednesday, March 30th. Physicians Realty Trust’s dividend payout ratio is currently 255.56%.

Physicians Realty Trust Company Profile (Get Rating)

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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Institutional Ownership by Quarter for Physicians Realty Trust (NYSE:DOC)

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