BMO Capital Markets set a $19.00 price objective on Physicians Realty Trust (NYSE:DOC) in a research note published on Wednesday. The firm currently has a buy rating on the real estate investment trust’s stock.
Several other equities research analysts have also recently commented on the company. Zacks Investment Research cut Physicians Realty Trust from a hold rating to a sell rating in a research note on Tuesday, January 30th. Royal Bank of Canada restated a buy rating and issued a $21.00 target price on shares of Physicians Realty Trust in a research note on Wednesday, November 15th. Robert W. Baird restated an outperform rating and issued a $19.00 target price (down previously from $21.00) on shares of Physicians Realty Trust in a research note on Friday, January 5th. Raymond James Financial set a $20.00 target price on Physicians Realty Trust and gave the company a buy rating in a research note on Thursday, December 7th. Finally, Cantor Fitzgerald boosted their target price on Physicians Realty Trust from $20.00 to $21.00 and gave the company an overweight rating in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $19.54.
Physicians Realty Trust (DOC) opened at $14.37 on Wednesday. Physicians Realty Trust has a 1-year low of $14.34 and a 1-year high of $21.85. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $2,634.51, a PE ratio of 62.48, a PEG ratio of 2.26 and a beta of 0.41.
In related news, Director Tommy G. Thompson acquired 2,705 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were bought at an average price of $18.46 per share, for a total transaction of $49,934.30. Following the purchase, the director now directly owns 49,339 shares in the company, valued at approximately $910,797.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.51% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of Physicians Realty Trust by 6.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 58,036 shares of the real estate investment trust’s stock worth $1,044,000 after purchasing an additional 3,647 shares in the last quarter. Rehmann Capital Advisory Group bought a new stake in shares of Physicians Realty Trust during the 4th quarter worth approximately $1,220,000. Xact Kapitalforvaltning AB bought a new stake in shares of Physicians Realty Trust during the 4th quarter worth approximately $262,000. Brookfield Asset Management Inc. bought a new stake in shares of Physicians Realty Trust during the 4th quarter worth approximately $70,764,000. Finally, MetLife Investment Advisors LLC bought a new stake in shares of Physicians Realty Trust during the 4th quarter worth approximately $1,478,000. Institutional investors own 95.35% of the company’s stock.
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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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