Insight Capital Research & Management Inc. purchased a new stake in Physicians Realty Trust (NYSE:DOC) during the second quarter, Holdings Channel reports. The institutional investor purchased 143,830 shares of the real estate investment trust’s stock, valued at approximately $3,022,000.
A number of other large investors also recently modified their holdings of DOC. Creative Planning increased its position 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. BlackRock Japan Co. Ltd increased its position 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. BNP Paribas Arbitrage SA acquired a new position in Physicians Realty Trust during the second quarter worth approximately $122,000. M&T Bank Corp acquired a new position in Physicians Realty Trust during the first quarter worth approximately $213,000. Finally, HL Financial Services LLC increased its position in Physicians Realty Trust by 3.0% in the second quarter. HL Financial Services LLC now owns 13,847 shares of the real estate investment trust’s stock worth $291,000 after buying an additional 400 shares during the last quarter. Institutional investors own 94.08% of the company’s stock.
Physicians Realty Trust (NYSE:DOC) traded down 0.51% during mid-day trading on Friday, hitting $21.54. The stock had a trading volume of 1,084,946 shares. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 109.90 and a beta of 0.57. The company has a 50-day moving average of $21.12 and a 200-day moving average of $19.97. Physicians Realty Trust has a 12-month low of $14.68 and a 12-month high of $22.03.
Physicians Realty Trust (NYSE:DOC) last announced its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.01. Physicians Realty Trust had a return on equity of 1.59% and a net margin of 11.73%. The business had revenue of $53.20 million for the quarter, compared to analysts’ expectations of $50.82 million. During the same period in the previous year, the firm posted $0.18 earnings per share. The firm’s revenue was up 79.3% compared to the same quarter last year. On average, analysts anticipate that Physicians Realty Trust will post $1.03 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Thursday, October 6th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Tuesday, October 4th. Physicians Realty Trust’s payout ratio is 450.00%.
A number of research analysts have recently commented on the company. Raymond James Financial Inc. downgraded Physicians Realty Trust from an “outperform” rating to a “market perform” rating in a report on Friday, September 2nd. Citigroup Inc. downgraded Physicians Realty Trust from an “outperform” rating to a “market perform” rating in a report on Friday, September 2nd. They noted that the move was a valuation call. BTIG Research assumed coverage on Physicians Realty Trust in a report on Thursday, August 25th. They issued a “buy” rating and a $25.00 price objective on the stock. SunTrust Banks Inc. increased their price objective on Physicians Realty Trust from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Finally, Wunderlich increased their price objective on Physicians Realty Trust from $19.50 to $22.00 and gave the company a “buy” rating in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the stock. Physicians Realty Trust 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 Physicians Realty Trust stock in a transaction dated 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 SEC, which can be accessed through this hyperlink. Insiders own 0.54% of the company’s stock.
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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