Strs Ohio grew its holdings in shares of Physicians Realty Trust (NYSE:DOC) by 14.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 277,476 shares of the real estate investment trust’s stock after acquiring an additional 34,779 shares during the period. Strs Ohio owned about 0.18% of Physicians Realty Trust worth $4,919,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. Quantitative Systematic Strategies LLC raised its stake in shares of Physicians Realty Trust by 216.6% during the third quarter. Quantitative Systematic Strategies LLC now owns 124,726 shares of the real estate investment trust’s stock valued at $2,211,000 after acquiring an additional 85,329 shares during the last quarter. Sit Investment Associates Inc. increased its position in shares of Physicians Realty Trust by 5.1% during the third quarter. Sit Investment Associates Inc. now owns 1,469,620 shares of the real estate investment trust’s stock worth $26,056,000 after buying an additional 71,565 shares during the period. Lord Abbett & CO. LLC increased its position in shares of Physicians Realty Trust by 2.1% during 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 buying an additional 79,439 shares during the period. Afam Capital Inc. acquired a new stake in shares of Physicians Realty Trust during the second quarter worth $324,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Physicians Realty Trust during the second quarter worth $1,328,000. 94.40% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on the stock. FBR & Co reiterated an “outperform” rating and set a $21.00 price objective on shares of Physicians Realty Trust in a research report on Tuesday, July 11th. Jefferies Group LLC cut shares of Physicians Realty Trust from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $21.00 to $17.00 in a research report on Friday, July 7th. Capital One Financial Corporation assumed coverage on shares of Physicians Realty Trust in a research report on Monday, September 25th. They set an “equal weight” rating and a $19.50 price objective for the company. Royal Bank Of Canada reiterated a “buy” rating and set a $21.00 price objective on shares of Physicians Realty Trust in a research report on Wednesday, September 13th. Finally, Stifel Nicolaus decreased their price objective on shares of Physicians Realty Trust from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, July 12th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Physicians Realty Trust currently has a consensus rating of “Buy” and an average target price of $20.54.
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Shares of Physicians Realty Trust (NYSE DOC) opened at 17.51 on Monday. The firm has a 50-day moving average of $17.98 and a 200-day moving average of $19.13. The firm has a market capitalization of $2.76 billion, a PE ratio of 74.83 and a beta of 0.53. Physicians Realty Trust has a 12-month low of $17.12 and a 12-month high of $21.85.
Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Physicians Realty Trust had a net margin of 11.51% and a return on equity of 1.75%. The business had revenue of $76.60 million during the quarter, compared to analyst estimates of $80.48 million. During the same period in the prior year, the business earned $0.22 EPS. The company’s revenue for the quarter was up 43.9% on a year-over-year basis. Equities analysts anticipate that Physicians Realty Trust will post $0.26 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 18th. Shareholders of record on Tuesday, October 3rd were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, October 2nd. This represents a $0.92 annualized dividend and a yield of 5.25%. Physicians Realty Trust’s dividend payout ratio (DPR) is presently 400.02%.
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.
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