Royal Bank Of Canada reaffirmed their buy rating on shares of Physicians Realty Trust (NYSE:DOC) in a research report sent to investors on Wednesday morning. They currently have a $21.00 target price on the real estate investment trust’s stock.
A number of other research analysts have also issued reports on the company. Zacks Investment Research lowered Physicians Realty Trust from a hold rating to a sell rating in a research report on Wednesday, August 30th. Jefferies Group LLC lowered Physicians Realty Trust from a hold rating to an underperform rating and decreased their target price for the company from $21.00 to $17.00 in a research report on Friday, July 7th. UBS AG lowered Physicians Realty Trust from a strong-buy rating to an outperform rating in a research report on Monday, July 17th. Morgan Stanley upgraded Physicians Realty Trust from an underweight rating to an equal weight rating and set a $18.00 price objective on the stock in a report on Monday, July 24th. Finally, Cantor Fitzgerald restated a buy rating and issued a $23.00 price objective on shares of Physicians Realty Trust in a report on Friday, June 30th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Physicians Realty Trust presently has an average rating of Buy and a consensus price target of $20.58.
Physicians Realty Trust (DOC) traded up 0.92% during trading on Wednesday, hitting $18.74. 1,795,725 shares of the stock traded hands. The stock has a 50 day moving average price of $18.39 and a 200-day moving average price of $19.46. Physicians Realty Trust has a 52-week low of $17.12 and a 52-week high of $21.95. The stock has a market cap of $2.95 billion, a P/E ratio of 80.09 and a beta of 0.55.
Physicians Realty Trust (NYSE:DOC) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. Physicians Realty Trust had a return on equity of 1.75% and a net margin of 11.51%. The firm had revenue of $76.60 million for the quarter, compared to analyst estimates of $80.48 million. During the same quarter last year, the firm posted $0.22 EPS. The business’s revenue was up 43.9% on a year-over-year basis. On average, analysts anticipate that Physicians Realty Trust will post $0.27 EPS for the current fiscal year.
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Several institutional investors and hedge funds have recently modified their holdings of the business. Lord Abbett & CO. LLC increased its stake in shares of Physicians Realty Trust by 2.1% in the 2nd quarter. Lord Abbett & CO. LLC now owns 3,777,212 shares of the real estate investment trust’s stock worth $76,073,000 after acquiring an additional 79,439 shares during the last quarter. Afam Capital Inc. acquired a new stake in shares of Physicians Realty Trust in the 2nd quarter worth $324,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Physicians Realty Trust in the 2nd quarter worth $1,328,000. 1st Global Advisors Inc. increased its stake in shares of Physicians Realty Trust by 0.8% in the 2nd quarter. 1st Global Advisors Inc. now owns 28,334 shares of the real estate investment trust’s stock worth $571,000 after acquiring an additional 236 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of Physicians Realty Trust in the 2nd quarter worth $343,000. 94.27% of the stock is owned by institutional investors and hedge funds.
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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