Physicians Realty Trust (NYSE:DOC) announced a quarterly dividend on Friday, December 22nd, Wall Street Journal reports. Investors of record on Wednesday, January 3rd will be paid a dividend of 0.23 per share by the real estate investment trust on Thursday, January 18th. This represents a $0.92 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date is Tuesday, January 2nd.
Physicians Realty Trust has a dividend payout ratio of 87.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Physicians Realty Trust to earn $1.15 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 80.0%.
Shares of Physicians Realty Trust (NYSE:DOC) traded up $0.07 on Friday, reaching $17.71. 1,162,048 shares of the company were exchanged, compared to its average volume of 1,575,165. Physicians Realty Trust has a one year low of $17.25 and a one year high of $21.85. The company has a market cap of $3,161.42, a price-to-earnings ratio of 77.00, a price-to-earnings-growth ratio of 2.76 and a beta of 0.52. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.46.
In other Physicians Realty Trust news, insider Jeffrey Theiler acquired 5,634 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was acquired at an average cost of $17.76 per share, for a total transaction of $100,059.84. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Tommy G. Thompson acquired 2,705 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were acquired at an average price of $18.46 per share, with a total value of $49,934.30. Following the completion of the purchase, the director now owns 49,339 shares in the company, valued at approximately $910,797.94. The disclosure for this purchase can be found here. 0.51% of the stock is currently owned by insiders.
DOC has been the subject of several recent research reports. Jefferies Group restated a “hold” rating and issued a $19.00 price target (up previously from $18.00) on shares of Physicians Realty Trust in a report on Friday, September 22nd. Zacks Investment Research upgraded shares of Physicians Realty Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 12th. Raymond James Financial set a $20.00 price target on shares of Physicians Realty Trust and gave the company a “buy” rating in a report on Thursday, December 7th. KeyCorp restated a “hold” rating on shares of Physicians Realty Trust in a report on Tuesday, September 12th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $22.00 price target on shares of Physicians Realty Trust in a report on Wednesday, October 4th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $20.41.
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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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