UBS Asset Management Americas Inc. boosted its stake in shares of Physicians Realty Trust (NYSE:DOC) by 33.9% during the second quarter, Holdings Channel reports. The institutional investor owned 213,142 shares of the real estate investment trust’s stock after buying an additional 54,014 shares during the period. UBS Asset Management Americas Inc. owned 0.16% of Physicians Realty Trust worth $4,478,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in DOC. Brookfield Asset Management Inc. purchased a new position in Physicians Realty Trust during the first quarter valued at $63,598,000. Mesirow Financial Investment Management Equity Management purchased a new position in Physicians Realty Trust during the second quarter valued at $26,143,000. Geneva Advisors LLC purchased a new position in Physicians Realty Trust during the second quarter valued at $23,824,000. Prudential Financial Inc. boosted its position in Physicians Realty Trust by 50.2% in the first quarter. Prudential Financial Inc. now owns 2,547,564 shares of the real estate investment trust’s stock valued at $47,333,000 after buying an additional 851,366 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Physicians Realty Trust by 27.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,065,358 shares of the real estate investment trust’s stock valued at $56,954,000 after buying an additional 663,301 shares in the last quarter. 94.08% of the stock is owned by institutional investors and hedge funds.
Physicians Realty Trust (NYSE:DOC) traded up 0.05% on Friday, reaching $21.66. The company had a trading volume of 464,671 shares. The stock’s 50-day moving average price is $21.12 and its 200-day moving average price is $19.97. Physicians Realty Trust has a 12-month low of $14.68 and a 12-month high of $22.03. The stock has a market capitalization of $2.90 billion, a P/E ratio of 110.51 and a beta of 0.57.
Physicians Realty Trust (NYSE:DOC) last released its quarterly earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.01. The company earned $53.20 million during the quarter, compared to analysts’ expectations of $50.82 million. Physicians Realty Trust had a net margin of 11.73% and a return on equity of 1.59%. The company’s quarterly revenue was up 79.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 earnings per share. On average, equities research analysts anticipate that Physicians Realty Trust will post $1.03 EPS for the current fiscal year.
The business also recently declared 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. This represents a $0.90 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date is Tuesday, October 4th. Physicians Realty Trust’s payout ratio is currently 450.00%.
DOC has been the subject of several analyst reports. TheStreet raised shares of Physicians Realty Trust from a “hold” rating to a “buy” rating in a research note on Thursday, June 16th. BTIG Research began coverage on shares of Physicians Realty Trust in a research report on Thursday, August 25th. They set a “buy” rating and a $25.00 price objective for the company. JMP Securities cut shares of Physicians Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 22nd. Citigroup Inc. cut shares of Physicians Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Friday, September 2nd. They noted that the move was a valuation call. Finally, Cantor Fitzgerald began coverage on shares of Physicians Realty Trust in a research report on Thursday, June 23rd. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $20.21.
In other 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 transaction of $326,850.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.
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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