Zacks Investment Research upgraded shares of Physicians Realty Trust (NYSE:DOC) from a hold rating to a buy rating in a report published on Wednesday, Zacks.com reports. They currently have $21.00 price objective on the real estate investment trust’s stock.
According to Zacks, “Physicians Realty Trust is a REIT. It is a self-managed healthcare real estate company engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company’s principal investments will include medical office buildings, outpatient treatment facilities, acute and post-acute care hospitals, as well as other real estate integral to healthcare providers. Physicians Realty Trust is based in Milwaukee, Wisconsin. “
Several other brokerages have also recently commented on DOC. B. Riley reaffirmed a buy rating on shares of Physicians Realty Trust in a research report on Friday, November 8th. Stifel Nicolaus raised Physicians Realty Trust from a hold rating to a buy rating and upped their price target for the company from $19.00 to $21.00 in a research report on Tuesday, November 26th. Berenberg Bank initiated coverage on Physicians Realty Trust in a research report on Thursday, September 12th. They set a hold rating and a $18.00 price target on the stock. Morgan Stanley reduced their price objective on Physicians Realty Trust from $19.00 to $17.50 and set an equal weight rating for the company in a research note on Tuesday, September 17th. Finally, TheStreet upgraded Physicians Realty Trust from a c+ rating to a b- rating in a research report on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Physicians Realty Trust has an average rating of Hold and an average price target of $18.89.
Shares of NYSE:DOC traded up $0.03 during mid-day trading on Wednesday, hitting $19.11. The stock had a trading volume of 16,442 shares, compared to its average volume of 1,333,920. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market cap of $3.54 billion, a PE ratio of 17.69, a P/E/G ratio of 15.25 and a beta of 0.41. Physicians Realty Trust has a 12-month low of $15.18 and a 12-month high of $19.34. The company’s 50 day moving average is $18.41 and its 200-day moving average is $17.83.
Physicians Realty Trust (NYSE:DOC) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.18). Physicians Realty Trust had a return on equity of 1.79% and a net margin of 10.61%. The firm had revenue of $107.59 million for the quarter, compared to analysts’ expectations of $105.01 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities research analysts predict that Physicians Realty Trust will post 1 EPS for the current fiscal year.
In other news, VP Bradley D. Page acquired 4,330 shares of Physicians Realty Trust stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $17.27 per share, with a total value of $74,779.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John T. Thomas sold 5,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $18.60, for a total value of $93,000.00. The disclosure for this sale can be found here. In the last quarter, insiders acquired 11,933 shares of company stock worth $212,355 and sold 15,000 shares worth $275,850. 0.62% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of DOC. California Public Employees Retirement System raised its holdings in Physicians Realty Trust by 77.0% during the third quarter. California Public Employees Retirement System now owns 385,435 shares of the real estate investment trust’s stock valued at $6,841,000 after buying an additional 167,639 shares in the last quarter. Systematic Financial Management LP increased its position in shares of Physicians Realty Trust by 2.8% during the third quarter. Systematic Financial Management LP now owns 1,083,572 shares of the real estate investment trust’s stock valued at $19,233,000 after purchasing an additional 29,724 shares during the period. Marshall Wace LLP bought a new stake in shares of Physicians Realty Trust during the second quarter valued at approximately $3,075,000. Rhumbline Advisers increased its position in shares of Physicians Realty Trust by 9.1% during the third quarter. Rhumbline Advisers now owns 324,872 shares of the real estate investment trust’s stock valued at $5,766,000 after purchasing an additional 27,164 shares during the period. Finally, Voya Investment Management LLC raised its stake in shares of Physicians Realty Trust by 43.1% in the third quarter. Voya Investment Management LLC now owns 1,155,916 shares of the real estate investment trust’s stock valued at $20,517,000 after purchasing an additional 348,120 shares in the last quarter. 90.68% of the stock is owned by institutional investors.
Physicians Realty Trust Company Profile
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.
See Also: What is systematic risk?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.