Short Interest in Physicians Realty Trust (DOC) Drops By 33.8%

Physicians Realty Trust (NYSE:DOC) was the target of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 4,358,524 shares, a decline of 33.8% from the January 31st total of 6,581,986 shares. Approximately 3.2% of the company’s stock are short sold. Based on an average daily volume of 627,798 shares, the days-to-cover ratio is presently 6.9 days.

Physicians Realty Trust (NYSE:DOC) opened at 19.08 on Thursday. The stock has a market capitalization of $2.59 billion, a PE ratio of 85.95 and a beta of 0.54. Physicians Realty Trust has a 1-year low of $17.12 and a 1-year high of $22.03. The firm has a 50-day moving average of $19.14 and a 200-day moving average of $19.46.

Physicians Realty Trust (NYSE:DOC) last released its quarterly earnings data on Friday, February 24th. The real estate investment trust reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.17. Physicians Realty Trust had a return on equity of 1.77% and a net margin of 12.86%. The business had revenue of $73.70 million for the quarter, compared to analyst estimates of $74.07 million. During the same quarter in the prior year, the firm posted $0.26 EPS. The business’s quarterly revenue was up 82.4% compared to the same quarter last year. Equities analysts expect that Physicians Realty Trust will post $0.33 EPS for the current fiscal year.

DOC has been the topic of several analyst reports. TheStreet upgraded shares of Physicians Realty Trust from a “c+” rating to a “b-” rating in a report on Friday, January 27th. Canaccord Genuity restated a “buy” rating and set a $20.00 price target on shares of Physicians Realty Trust in a report on Thursday, January 5th. RBC Capital Markets set a $20.00 price target on shares of Physicians Realty Trust and gave the stock a “buy” rating in a report on Tuesday, January 3rd. Zacks Investment Research upgraded shares of Physicians Realty Trust from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Tuesday, February 14th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $23.00 price target on shares of Physicians Realty Trust in a report on Friday, November 11th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $21.36.

A number of large investors have recently added to or reduced their stakes in DOC. BlackRock Fund Advisors raised its stake in Physicians Realty Trust by 28.6% in the third quarter. BlackRock Fund Advisors now owns 4,473,548 shares of the real estate investment trust’s stock valued at $96,360,000 after buying an additional 995,055 shares in the last quarter. Bank of Montreal Can raised its stake in Physicians Realty Trust by 257.2% in the third quarter. Bank of Montreal Can now owns 117,309 shares of the real estate investment trust’s stock valued at $2,527,000 after buying an additional 84,464 shares in the last quarter. BlackRock Inc. raised its stake in Physicians Realty Trust by 11.3% in the third quarter. BlackRock Inc. now owns 170,407 shares of the real estate investment trust’s stock valued at $3,670,000 after buying an additional 17,347 shares in the last quarter. Principal Financial Group Inc. raised its stake in Physicians Realty Trust by 8.2% in the third quarter. Principal Financial Group Inc. now owns 7,035,722 shares of the real estate investment trust’s stock valued at $151,550,000 after buying an additional 531,308 shares in the last quarter. Finally, Rainier Investment Management LLC raised its stake in Physicians Realty Trust by 10.0% in the second quarter. Rainier Investment Management LLC now owns 577,210 shares of the real estate investment trust’s stock valued at $12,127,000 after buying an additional 52,320 shares in the last quarter. Institutional investors and hedge funds own 96.44% of the company’s stock.

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About Physicians Realty Trust

Physicians Realty Trust is a healthcare real estate company. The Company is engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company’s portfolio includes approximately 150 properties located in approximately 30 states with approximately 5,799,340 net leasable square feet.

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