Physicians Realty Trust (NYSE:DOC) announced a quarterly dividend on Friday, December 22nd, Wall Street Journal reports. Shareholders of record on Wednesday, January 3rd will be given 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 5.63%. The ex-dividend date of this dividend is Tuesday, January 2nd.
Physicians Realty Trust has raised its dividend payment by an average of 0.4% annually over the last three years. Physicians Realty Trust has a payout ratio of 87.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities 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) opened at $16.34 on Friday. Physicians Realty Trust has a 1 year low of $16.31 and a 1 year high of $21.85. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.46. The stock has a market cap of $2,928.44, a P/E ratio of 15.56, a PEG ratio of 2.33 and a beta of 0.52.
Physicians Realty Trust (NYSE:DOC) last posted its earnings results on Friday, November 3rd. The real estate investment trust reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The business had revenue of $93.00 million during the quarter, compared to analysts’ expectations of $90.21 million. Physicians Realty Trust had a net margin of 11.39% and a return on equity of 1.70%. The company’s revenue for the quarter was up 32.8% compared to the same quarter last year. During the same period last year, the business posted $0.27 earnings per share. sell-side analysts expect that Physicians Realty Trust will post 1.05 EPS for the current year.
A number of brokerages have recently issued reports on DOC. Robert W. Baird reissued an “outperform” rating and set a $19.00 target price (down from $21.00) on shares of Physicians Realty Trust in a research note on Friday, January 5th. Cantor Fitzgerald lifted their price objective on Physicians Realty Trust from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, November 7th. Capital One Financial began coverage on Physicians Realty Trust in a report on Monday, September 25th. They issued an “equal weight” rating and a $19.50 price objective for the company. KeyCorp upgraded Physicians Realty Trust from a “sector weight” rating to an “overweight” rating in a report on Thursday, October 12th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $21.00 price objective on shares of Physicians Realty Trust in a report on Wednesday, November 15th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $20.25.
In other Physicians Realty Trust news, insider Jeffrey Theiler purchased 5,634 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average price of $17.76 per share, for a total transaction of $100,059.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tommy G. Thompson purchased 2,705 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were acquired at an average price of $18.46 per share, for a total transaction of $49,934.30. Following the purchase, the director now directly owns 49,339 shares of the company’s stock, 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.
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.
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