Other equities analysts also recently issued reports about the stock. Cantor Fitzgerald reissued a buy rating and issued a $23.00 price target on shares of Physicians Realty Trust in a research note on Friday, June 30th. BidaskClub raised shares of Physicians Realty Trust from a hold rating to a buy rating in a research note on Friday, June 23rd. Stifel Nicolaus decreased their price target on shares of Physicians Realty Trust from $23.00 to $22.00 and set a buy rating on the stock in a research note on Wednesday, July 12th. Morgan Stanley raised shares of Physicians Realty Trust from an underweight rating to an equal weight rating and set a $18.00 price target on the stock in a research note on Monday, July 24th. Finally, Jefferies Group LLC reissued a hold rating and issued a $21.00 price target on shares of Physicians Realty Trust in a research note on Wednesday, June 14th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of Buy and an average price target of $20.50.
Shares of Physicians Realty Trust (NYSE DOC) opened at 18.57 on Tuesday. Physicians Realty Trust has a 52 week low of $17.12 and a 52 week high of $21.95. The firm has a 50-day moving average of $18.38 and a 200 day moving average of $19.49. The stock has a market cap of $2.92 billion, a PE ratio of 79.36 and a beta of 0.55.
Physicians Realty Trust (NYSE:DOC) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The business had revenue of $76.60 million for the quarter, compared to the consensus estimate of $80.48 million. Physicians Realty Trust had a net margin of 11.51% and a return on equity of 1.75%. The company’s revenue was up 43.9% compared to the same quarter last year. During the same period last year, the firm posted $0.22 earnings per share. On average, equities analysts forecast that Physicians Realty Trust will post $0.27 EPS for the current fiscal year.
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A number of hedge funds have recently modified their holdings of DOC. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Physicians Realty Trust by 5.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,098 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 425 shares during the period. Chicago Partners Investment Group LLC raised its stake in Physicians Realty Trust by 603.8% during the second quarter. Chicago Partners Investment Group LLC now owns 9,086 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 7,795 shares during the period. Pinnacle Associates Ltd. purchased a new position in Physicians Realty Trust during the second quarter worth about $205,000. Quantbot Technologies LP raised its stake in Physicians Realty Trust by 69.8% during the first quarter. Quantbot Technologies LP now owns 11,729 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 4,821 shares during the period. Finally, Profund Advisors LLC raised its stake in Physicians Realty Trust by 6.8% during the second quarter. Profund Advisors LLC now owns 11,569 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 733 shares during the period. 94.27% of the stock is currently owned by institutional investors.
Physicians Realty Trust Company Profile
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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