Physicians Realty Trust (DOC) Earns Buy Rating from BMO Capital Markets

BMO Capital Markets restated their buy rating on shares of Physicians Realty Trust (NYSE:DOC) in a report issued on Monday morning. They currently have a $18.00 target price on the real estate investment trust’s stock.

A number of other research analysts have also recently issued reports on DOC. Robert W. Baird reissued an outperform rating and set a $19.00 price objective (down from $21.00) on shares of Physicians Realty Trust in a report on Friday, January 5th. SunTrust Banks set a $18.00 price objective on Physicians Realty Trust and gave the company a hold rating in a report on Monday, January 22nd. Zacks Investment Research cut Physicians Realty Trust from a hold rating to a sell rating in a report on Tuesday, January 30th. Cantor Fitzgerald reissued a buy rating and set a $18.00 price objective on shares of Physicians Realty Trust in a report on Wednesday, February 28th. Finally, B. Riley set a $17.50 price objective on Physicians Realty Trust and gave the company a buy rating in a report on Thursday, March 1st. Six 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 currently has an average rating of Buy and an average price target of $18.11.

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DOC opened at $14.92 on Monday. Physicians Realty Trust has a fifty-two week low of $14.13 and a fifty-two week high of $21.85. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market cap of $2,764.54, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 3.18 and a beta of 0.46.

Physicians Realty Trust (NYSE:DOC) last posted its quarterly earnings results on Wednesday, February 28th. The real estate investment trust reported $0.27 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.27. The firm had revenue of $97.30 million for the quarter, compared to the consensus estimate of $98.56 million. Physicians Realty Trust had a net margin of 11.04% and a return on equity of 1.63%. The business’s revenue was up 32.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.27 earnings per share. sell-side analysts anticipate that Physicians Realty Trust will post 1.12 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 18th. Investors of record on Tuesday, April 3rd were issued a $0.23 dividend. The ex-dividend date was Monday, April 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.17%. Physicians Realty Trust’s dividend payout ratio is 88.46%.

In other news, Director Tommy G. Thompson acquired 13,650 shares of the company’s stock in a transaction on Tuesday, March 6th. The stock was purchased at an average cost of $14.71 per share, with a total value of $200,791.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.51% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. US Bancorp DE raised its holdings in Physicians Realty Trust by 5.6% during the 4th quarter. US Bancorp DE now owns 59,473 shares of the real estate investment trust’s stock worth $1,070,000 after purchasing an additional 3,149 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Physicians Realty Trust by 6.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 58,036 shares of the real estate investment trust’s stock worth $1,044,000 after purchasing an additional 3,647 shares during the last quarter. New York State Common Retirement Fund raised its holdings in Physicians Realty Trust by 2.4% during the 3rd quarter. New York State Common Retirement Fund now owns 170,000 shares of the real estate investment trust’s stock worth $3,014,000 after purchasing an additional 4,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Physicians Realty Trust by 37.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,427 shares of the real estate investment trust’s stock worth $278,000 after purchasing an additional 4,214 shares during the last quarter. Finally, American International Group Inc. raised its holdings in Physicians Realty Trust by 3.8% during the 4th quarter. American International Group Inc. now owns 121,334 shares of the real estate investment trust’s stock worth $2,183,000 after purchasing an additional 4,412 shares during the last quarter. 94.10% of the stock is owned by hedge funds and other institutional investors.

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About Physicians Realty Trust

Physicians Realty Trust is a self-managed healthcare real estate company organized to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company invests in real estate that is integral to providing high quality healthcare.

Analyst Recommendations for Physicians Realty Trust (NYSE:DOC)

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