Brokers Offer Predictions for Physicians Realty Trust’s FY2018 Earnings (DOC)

Physicians Realty Trust (NYSE:DOC) – Jefferies Group lifted their FY2018 EPS estimates for Physicians Realty Trust in a research report issued to clients and investors on Wednesday, May 16th. Jefferies Group analyst O. Okusanya now anticipates that the real estate investment trust will earn $1.10 per share for the year, up from their previous estimate of $1.09. Jefferies Group also issued estimates for Physicians Realty Trust’s FY2019 earnings at $1.14 EPS.

Physicians Realty Trust (NYSE:DOC) last announced its earnings results on Friday, May 4th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.21). Physicians Realty Trust had a return on equity of 1.75% and a net margin of 11.46%. The business had revenue of $105.20 million for the quarter, compared to analyst estimates of $101.70 million. During the same quarter last year, the company posted $0.28 EPS. Physicians Realty Trust’s quarterly revenue was up 37.2% on a year-over-year basis.

Several other equities research analysts also recently weighed in on DOC. SunTrust Banks set a $18.00 target price on shares of Physicians Realty Trust and gave the stock a “hold” rating in a research note on Monday, January 22nd. Zacks Investment Research downgraded shares of Physicians Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. BMO Capital Markets set a $19.00 target price on shares of Physicians Realty Trust and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Cantor Fitzgerald reiterated a “buy” rating and set a $18.00 target price on shares of Physicians Realty Trust in a research note on Wednesday, February 28th. Finally, B. Riley set a $17.50 target price on shares of Physicians Realty Trust and gave the stock a “buy” rating in a research note on Thursday, March 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $18.04.

Shares of DOC opened at $14.60 on Friday. Physicians Realty Trust has a fifty-two week low of $14.67 and a fifty-two week high of $14.95. The stock has a market cap of $2.66 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 3.06 and a beta of 0.46. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.39 and a quick ratio of 1.39.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 18th. Investors of record on Tuesday, April 3rd were given a $0.23 dividend. The ex-dividend date was Monday, April 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 6.30%. Physicians Realty Trust’s payout ratio is currently 88.46%.

In other news, Director Tommy G. Thompson acquired 13,650 shares of Physicians Realty Trust stock in a transaction that occurred on Tuesday, March 6th. The stock was purchased at an average price of $14.71 per share, for a total transaction of $200,791.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.51% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. Afam Capital Inc. lifted its position in Physicians Realty Trust by 13.0% in the fourth quarter. Afam Capital Inc. now owns 127,404 shares of the real estate investment trust’s stock valued at $2,292,000 after purchasing an additional 14,688 shares during the period. Swiss National Bank lifted its position in Physicians Realty Trust by 1.9% in the fourth quarter. Swiss National Bank now owns 302,706 shares of the real estate investment trust’s stock valued at $5,446,000 after purchasing an additional 5,700 shares during the period. Teacher Retirement System of Texas lifted its position in Physicians Realty Trust by 319.6% in the fourth quarter. Teacher Retirement System of Texas now owns 61,380 shares of the real estate investment trust’s stock valued at $1,104,000 after purchasing an additional 46,753 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Physicians Realty Trust by 6.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 868,856 shares of the real estate investment trust’s stock valued at $15,631,000 after purchasing an additional 52,216 shares during the period. Finally, Cbre Clarion Securities LLC acquired a new stake in Physicians Realty Trust in the fourth quarter valued at about $46,085,000. Hedge funds and other institutional investors own 93.01% of the company’s stock.

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.

Earnings History and Estimates for Physicians Realty Trust (NYSE:DOC)

Receive News & Ratings for Physicians Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Physicians Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply