BlackRock Advisors LLC lowered its position in Physicians Realty Trust (NYSE:DOC) by 50.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 742,043 shares of the real estate investment trust’s stock after selling 758,045 shares during the period. BlackRock Advisors LLC owned about 0.56% of Physicians Realty Trust worth $15,590,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. BlackRock Japan Co. Ltd increased its stake in Physicians Realty Trust by 23.4% in the first quarter. BlackRock Japan Co. Ltd now owns 5,616 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 1,066 shares during the last quarter. Creative Planning increased its stake in Physicians Realty Trust by 67.7% in the second quarter. Creative Planning now owns 5,342 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 2,156 shares during the last quarter. BNP Paribas Arbitrage SA bought a new stake in Physicians Realty Trust during the second quarter worth about $122,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Physicians Realty Trust by 17.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,792 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 1,029 shares during the last quarter. Finally, Societe Generale bought a new stake in Physicians Realty Trust during the second quarter worth about $199,000. Institutional investors and hedge funds own 94.08% of the company’s stock.
Shares of Physicians Realty Trust (NYSE:DOC) opened at 21.65 on Friday. Physicians Realty Trust has a 1-year low of $14.68 and a 1-year high of $22.03. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 110.46 and a beta of 0.57. The firm’s 50-day moving average is $21.12 and its 200 day moving average is $19.97.
Physicians Realty Trust (NYSE:DOC) last issued its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by $0.01. The firm earned $53.20 million during the quarter, compared to the consensus estimate of $50.82 million. Physicians Realty Trust had a return on equity of 1.59% and a net margin of 11.73%. The firm’s revenue for the quarter was up 79.3% compared to the same quarter last year. During the same period last year, the business earned $0.18 earnings per share. Equities analysts expect that Physicians Realty Trust will post $1.03 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 18th. Investors of record on Thursday, October 6th will be given a $0.225 dividend. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $0.90 annualized dividend and a yield of 4.16%. Physicians Realty Trust’s dividend payout ratio (DPR) is currently 450.00%.
Several equities research analysts have issued reports on the stock. SunTrust Banks Inc. boosted their price objective on shares of Physicians Realty Trust from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Compass Point boosted their price objective on shares of Physicians Realty Trust from $20.50 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Wunderlich boosted their price objective on shares of Physicians Realty Trust from $19.50 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Cantor Fitzgerald assumed coverage on shares of Physicians Realty Trust in a research note on Thursday, June 23rd. They set a “buy” rating for the company. Finally, Raymond James Financial Inc. downgraded shares of Physicians Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Friday, September 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $20.21.
In related news, insider John T. Thomas sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $21.79, for a total value of $326,850.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by corporate insiders.
Physicians Realty Trust Company Profile
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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