Physicians Realty Trust (NYSE:DOC) – Research analysts at Cantor Fitzgerald lowered their FY2018 earnings estimates for Physicians Realty Trust in a research report issued to clients and investors on Sunday, Zacks Investment Research reports. Cantor Fitzgerald analyst J. France now anticipates that the real estate investment trust will post earnings per share of $1.16 for the year, down from their prior forecast of $1.21. Cantor Fitzgerald has a “Buy” rating and a $18.00 price objective on the stock.
A number of other analysts have also recently issued reports on the company. Zacks Investment Research cut Physicians Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Royal Bank of Canada reissued a “buy” rating and set a $21.00 price objective on shares of Physicians Realty Trust in a research report on Wednesday, November 15th. Robert W. Baird reissued an “outperform” rating and set a $19.00 price objective (down previously from $21.00) on shares of Physicians Realty Trust in a research report on Friday, January 5th. Raymond James Financial set a $20.00 price objective on Physicians Realty Trust and gave the company a “buy” rating in a research report on Thursday, December 7th. Finally, SunTrust Banks set a $18.00 price objective on Physicians Realty Trust and gave the company a “hold” rating in a research report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $18.64.
Shares of Physicians Realty Trust (NYSE:DOC) remained flat at $$15.10 during trading on Tuesday. The company’s stock had a trading volume of 1,340,000 shares, compared to its average volume of 1,710,000. The firm has a market cap of $2,740.00, a price-to-earnings ratio of 65.65, a PEG ratio of 2.98 and a beta of 0.53. Physicians Realty Trust has a twelve month low of $14.13 and a twelve month high of $21.85. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.58.
Physicians Realty Trust (NYSE:DOC) last issued its earnings results on Wednesday, February 28th. The real estate investment trust reported $0.27 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. The business had revenue of $97.30 million during the quarter, compared to analysts’ expectations of $98.56 million. Physicians Realty Trust had a return on equity of 1.63% and a net margin of 11.04%. Physicians Realty Trust’s revenue was up 32.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 earnings per share.
In other news, Director Tommy G. Thompson purchased 13,650 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were purchased at an average cost of $14.71 per share, for a total transaction of $200,791.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tommy G. Thompson purchased 2,705 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were purchased at an average price of $18.46 per share, for a total transaction of $49,934.30. Following the completion of the purchase, the director now directly owns 49,339 shares of the company’s stock, valued at $910,797.94. The disclosure for this purchase can be found here. Insiders own 0.51% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Physicians Realty Trust by 13.1% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,922 shares of the real estate investment trust’s stock valued at $460,000 after acquiring an additional 3,000 shares during the period. US Bancorp DE increased its stake in Physicians Realty Trust by 5.6% during the fourth quarter. US Bancorp DE now owns 59,473 shares of the real estate investment trust’s stock valued at $1,070,000 after acquiring an additional 3,149 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Physicians Realty Trust by 6.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 58,036 shares of the real estate investment trust’s stock valued at $1,044,000 after acquiring an additional 3,647 shares during the period. Amalgamated Bank grew its stake in shares of Physicians Realty Trust by 19.8% in the 3rd quarter. Amalgamated Bank now owns 22,708 shares of the real estate investment trust’s stock valued at $403,000 after purchasing an additional 3,757 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Physicians Realty Trust by 3.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 102,500 shares of the real estate investment trust’s stock valued at $1,817,000 after purchasing an additional 3,790 shares during the period. Hedge funds and other institutional investors own 94.06% of the company’s stock.
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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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