Rehmann Capital Advisory Group purchased a new stake in shares of Physicians Realty Trust (NYSE:DOC) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 67,794 shares of the real estate investment trust’s stock, valued at approximately $1,220,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DOC. Brookfield Asset Management Inc. bought a new stake in Physicians Realty Trust in the fourth quarter worth $70,764,000. Cbre Clarion Securities LLC bought a new stake in shares of Physicians Realty Trust in the 4th quarter worth about $46,085,000. PGGM Investments lifted its holdings in shares of Physicians Realty Trust by 69.0% in the 4th quarter. PGGM Investments now owns 4,604,000 shares of the real estate investment trust’s stock worth $82,826,000 after acquiring an additional 1,880,000 shares during the last quarter. Cohen & Steers Inc. lifted its holdings in shares of Physicians Realty Trust by 12.7% in the 3rd quarter. Cohen & Steers Inc. now owns 12,946,213 shares of the real estate investment trust’s stock worth $229,536,000 after acquiring an additional 1,458,455 shares during the last quarter. Finally, Atlantic Trust Group LLC bought a new stake in shares of Physicians Realty Trust in the 3rd quarter worth about $15,343,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.
Shares of Physicians Realty Trust stock traded up $0.11 during midday trading on Thursday, reaching $15.06. 115,662 shares of the company’s stock traded hands, compared to its average volume of 1,611,077. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.32 and a current ratio of 1.32. Physicians Realty Trust has a twelve month low of $14.13 and a twelve month high of $21.85. The firm has a market cap of $2,735.46, a PE ratio of 67.96, a price-to-earnings-growth ratio of 2.94 and a beta of 0.53.
Physicians Realty Trust (NYSE:DOC) last announced its quarterly earnings data on Wednesday, February 28th. The real estate investment trust reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. Physicians Realty Trust had a net margin of 11.04% and a return on equity of 1.63%. The business had revenue of $97.30 million during the quarter, compared to analysts’ expectations of $98.56 million. During the same period in the previous year, the business posted $0.27 EPS. The business’s quarterly revenue was up 32.0% compared to the same quarter last year. sell-side analysts forecast that Physicians Realty Trust will post 1.13 earnings per share for the current fiscal year.
In other Physicians Realty Trust news, Director Tommy G. Thompson acquired 13,650 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was acquired at an average cost of $14.71 per share, for a total transaction of $200,791.50. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.51% of the company’s stock.
Several equities research analysts have recently issued reports on DOC shares. Zacks Investment Research lowered shares of Physicians Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Robert W. Baird restated an “outperform” rating and issued a $19.00 target price (down previously from $21.00) on shares of Physicians Realty Trust in a report on Friday, January 5th. Raymond James Financial set a $20.00 price objective on shares of Physicians Realty Trust and gave the company a “buy” rating in a report on Thursday, December 7th. SunTrust Banks set a $18.00 price objective on shares of Physicians Realty Trust and gave the company a “hold” rating in a report on Monday, January 22nd. Finally, TheStreet lowered shares of Physicians Realty Trust from a “b-” rating to a “c” rating in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $18.54.
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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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