FBR & Co restated their outperform rating on shares of Physicians Realty Trust (NYSE:DOC) in a report released on Tuesday, July 11th, MarketBeat.com reports. The brokerage currently has a $21.00 price target on the real estate investment trust’s stock. FBR & Co also issued estimates for Physicians Realty Trust’s Q2 2017 earnings at $0.23 EPS, Q3 2017 earnings at $0.28 EPS, Q4 2017 earnings at $0.28 EPS, FY2017 earnings at $1.07 EPS, Q1 2018 earnings at $0.28 EPS, Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.29 EPS and FY2018 earnings at $1.14 EPS.
Other equities analysts have also issued reports about the company. BidaskClub upgraded Physicians Realty Trust from a hold rating to a buy rating in a research note on Friday, June 23rd. Jefferies Group LLC restated a hold rating and set a $21.00 price target on shares of Physicians Realty Trust in a research note on Wednesday, June 14th. BTIG Research upped their price objective on Physicians Realty Trust from $20.00 to $22.00 and gave the company a buy rating in a research note on Tuesday, April 11th. Finally, Cantor Fitzgerald reissued a buy rating and issued a $23.00 target price on shares of Physicians Realty Trust in a report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $20.58.
Shares of Physicians Realty Trust (NYSE:DOC) traded down 0.11% during trading on Tuesday, reaching $17.92. 1,042,882 shares of the company traded hands. The stock’s 50 day moving average is $19.12 and its 200 day moving average is $19.57. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 76.58 and a beta of 0.55. Physicians Realty Trust has a 1-year low of $17.12 and a 1-year high of $22.03.
Physicians Realty Trust (NYSE:DOC) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. Physicians Realty Trust had a return on equity of 1.75% and a net margin of 11.51%. The firm had revenue of $76.60 million during the quarter, compared to analysts’ expectations of $80.48 million. During the same quarter last year, the firm earned $0.22 earnings per share. The business’s revenue for the quarter was up 43.9% on a year-over-year basis. On average, analysts forecast that Physicians Realty Trust will post $0.22 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Monday, July 3rd were given a $0.23 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.13%. This is a boost from Physicians Realty Trust’s previous quarterly dividend of $0.23. Physicians Realty Trust’s dividend payout ratio is currently 400.02%.
A number of institutional investors have recently added to or reduced their stakes in the company. Cbre Clarion Securities LLC purchased a new position in Physicians Realty Trust during the second quarter worth about $46,701,000. Suntrust Banks Inc. boosted its position in Physicians Realty Trust by 9.6% in the second quarter. Suntrust Banks Inc. now owns 23,879 shares of the real estate investment trust’s stock worth $479,000 after buying an additional 2,090 shares during the period. Hunter Associates Investment Management LLC boosted its position in Physicians Realty Trust by 7.1% in the second quarter. Hunter Associates Investment Management LLC now owns 15,000 shares of the real estate investment trust’s stock worth $302,000 after buying an additional 1,000 shares during the period. California Public Employees Retirement System boosted its position in Physicians Realty Trust by 3.7% in the second quarter. California Public Employees Retirement System now owns 181,400 shares of the real estate investment trust’s stock worth $3,653,000 after buying an additional 6,400 shares during the period. Finally, ETRADE Capital Management LLC boosted its position in Physicians Realty Trust by 20.8% in the second quarter. ETRADE Capital Management LLC now owns 15,786 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 2,719 shares during the period. Hedge funds and other institutional investors own 80.20% of the company’s stock.
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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