Physicians Realty Trust (DOC) Given Average Recommendation of “Buy” by Analysts

Physicians Realty Trust (NYSE:DOC) has earned an average recommendation of “Buy” from the seventeen analysts that are currently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $20.54.

DOC has been the subject of several recent research reports. Jefferies Group LLC reissued a “hold” rating and set a $21.00 price target on shares of Physicians Realty Trust in a report on Wednesday, June 14th. BidaskClub raised Physicians Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Cantor Fitzgerald reissued a “buy” rating and set a $23.00 price target on shares of Physicians Realty Trust in a report on Friday, June 30th. FBR & Co reissued an “outperform” rating and set a $21.00 price target on shares of Physicians Realty Trust in a report on Tuesday, July 11th. Finally, Zacks Investment Research lowered Physicians Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Physicians Realty Trust by 12.8% in the second quarter. Vanguard Group Inc. now owns 26,712,583 shares of the real estate investment trust’s stock worth $537,992,000 after acquiring an additional 3,033,019 shares during the period. BlackRock Inc. boosted its stake in shares of Physicians Realty Trust by 1.9% in the second quarter. BlackRock Inc. now owns 14,519,268 shares of the real estate investment trust’s stock worth $292,418,000 after acquiring an additional 271,896 shares during the period. Lord Abbett & CO. LLC boosted its stake in shares of Physicians Realty Trust by 2.1% in the second quarter. Lord Abbett & CO. LLC now owns 3,777,212 shares of the real estate investment trust’s stock worth $76,073,000 after acquiring an additional 79,439 shares during the period. Northern Trust Corp boosted its stake in shares of Physicians Realty Trust by 48.2% in the second quarter. Northern Trust Corp now owns 3,568,761 shares of the real estate investment trust’s stock worth $71,875,000 after acquiring an additional 1,160,704 shares during the period. Finally, State Street Corp boosted its stake in shares of Physicians Realty Trust by 7.3% in the second quarter. State Street Corp now owns 3,496,535 shares of the real estate investment trust’s stock worth $70,420,000 after acquiring an additional 238,502 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Physicians Realty Trust (NYSE DOC) traded down 0.11% on Wednesday, hitting $17.63. The stock had a trading volume of 912,364 shares. The firm has a 50-day moving average of $18.23 and a 200 day moving average of $19.30. Physicians Realty Trust has a 52 week low of $17.12 and a 52 week high of $21.85. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 75.34 and a beta of 0.53.

Physicians Realty Trust (NYSE:DOC) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $76.60 million during the quarter, compared to analyst estimates of $80.48 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. Physicians Realty Trust’s revenue for the quarter was up 43.9% on a year-over-year basis. On average, analysts predict that Physicians Realty Trust will post $0.26 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Tuesday, October 3rd will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date is Monday, October 2nd. Physicians Realty Trust’s dividend payout ratio (DPR) is 400.02%.

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.

Analyst Recommendations for Physicians Realty Trust (NYSE:DOC)

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