Suntrust Banks Inc. Purchases 2,090 Shares of Physicians Realty Trust (DOC)

Suntrust Banks Inc. grew its position in shares of Physicians Realty Trust (NYSE:DOC) by 9.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,879 shares of the real estate investment trust’s stock after buying an additional 2,090 shares during the period. Suntrust Banks Inc.’s holdings in Physicians Realty Trust were worth $479,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DOC. Chicago Partners Investment Group LLC lifted its position in shares of Physicians Realty Trust by 603.8% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 9,086 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 7,795 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Physicians Realty Trust by 16.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,462 shares of the real estate investment trust’s stock valued at $191,000 after buying an additional 1,364 shares during the last quarter. Pinnacle Associates Ltd. purchased a new position in shares of Physicians Realty Trust during the 2nd quarter valued at $205,000. Profund Advisors LLC lifted its position in shares of Physicians Realty Trust by 6.8% during the 2nd quarter. Profund Advisors LLC now owns 11,569 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 733 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its position in shares of Physicians Realty Trust by 7.0% during the 1st quarter. Teacher Retirement System of Texas now owns 11,794 shares of the real estate investment trust’s stock valued at $234,000 after buying an additional 776 shares during the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This story was first published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The original version of this story can be accessed at https://www.com-unik.info/2017/10/11/suntrust-banks-inc-purchases-2090-shares-of-physicians-realty-trust-doc.html.

Shares of Physicians Realty Trust (DOC) opened at 17.65 on Wednesday. The company’s 50 day moving average price is $18.23 and its 200-day moving average price is $19.30. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 75.43 and a beta of 0.53. Physicians Realty Trust has a 1-year low of $17.12 and a 1-year high of $21.85.

Physicians Realty Trust (NYSE:DOC) last released its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The company had revenue of $76.60 million for the quarter, compared to the consensus estimate of $80.48 million. Physicians Realty Trust had a return on equity of 1.75% and a net margin of 11.51%. Physicians Realty Trust’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 earnings per share. On average, equities analysts forecast that Physicians Realty Trust will post $0.26 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Investors of record on Tuesday, October 3rd will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $0.92 annualized dividend and a yield of 5.21%. Physicians Realty Trust’s dividend payout ratio (DPR) is presently 400.02%.

A number of research analysts have recently commented on the company. BidaskClub raised Physicians Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $21.00 price target on shares of Physicians Realty Trust in a research report on Wednesday, June 14th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $23.00 price target on shares of Physicians Realty Trust in a research report on Friday, June 30th. Morgan Stanley raised Physicians Realty Trust from an “underweight” rating to an “equal weight” rating and set a $18.00 price target on the stock in a research report on Monday, July 24th. Finally, Raymond James Financial, Inc. cut Physicians Realty Trust from a “strong-buy” rating to an “outperform” rating and set a $21.00 price target on the stock. in a research report on Monday, July 17th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $20.54.

Physicians Realty Trust 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.

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

What are top analysts saying about Physicians Realty Trust? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Physicians Realty Trust and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit