BlackRock Inc. lifted its holdings in Physicians Realty Trust (NYSE:DOC) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,452,920 shares of the real estate investment trust’s stock after buying an additional 128,853 shares during the period. BlackRock Inc. owned approximately 0.09% of Physicians Realty Trust worth $295,988,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in DOC. PGGM Investments boosted its stake in shares of Physicians Realty Trust by 69.0% in the 4th quarter. PGGM Investments now owns 4,604,000 shares of the real estate investment trust’s stock worth $82,826,000 after buying an additional 1,880,000 shares during the last quarter. Cohen & Steers Inc. lifted its stake in Physicians Realty Trust by 12.7% in the third quarter. Cohen & Steers Inc. now owns 12,946,213 shares of the real estate investment trust’s stock valued at $229,536,000 after purchasing an additional 1,458,455 shares during the last quarter. Atlantic Trust Group LLC purchased a new position in Physicians Realty Trust in the third quarter valued at approximately $15,343,000. Wells Fargo & Company MN lifted its stake in Physicians Realty Trust by 29.1% in the third quarter. Wells Fargo & Company MN now owns 1,969,032 shares of the real estate investment trust’s stock valued at $34,910,000 after purchasing an additional 443,825 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its stake in Physicians Realty Trust by 150.0% in the third quarter. Alyeska Investment Group L.P. now owns 625,000 shares of the real estate investment trust’s stock valued at $11,081,000 after purchasing an additional 375,000 shares during the last quarter. Hedge funds and other institutional investors own 94.24% of the company’s stock.
Several equities analysts recently commented on the company. Royal Bank of Canada reiterated a “buy” rating and issued a $21.00 price objective on shares of Physicians Realty Trust in a research note on Wednesday, November 15th. Raymond James Financial set a $20.00 price objective on Physicians Realty Trust and gave the company a “buy” rating in a research note on Thursday, December 7th. Robert W. Baird reiterated an “outperform” rating and issued a $19.00 price objective (down previously from $21.00) on shares of Physicians Realty Trust in a research note on Friday, January 5th. SunTrust Banks set a $18.00 price objective on Physicians Realty Trust and gave the company a “hold” rating in a research note on Monday, January 22nd. Finally, Zacks Investment Research downgraded Physicians Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. Physicians Realty Trust has a consensus rating of “Buy” and an average target price of $18.64.
Physicians Realty Trust (NYSE:DOC) last posted its earnings results on Wednesday, February 28th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The firm had revenue of $97.30 million for the quarter, compared to the consensus estimate of $98.56 million. Physicians Realty Trust had a return on equity of 1.63% and a net margin of 11.04%. The business’s quarterly revenue was up 32.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 earnings per share. sell-side analysts forecast that Physicians Realty Trust will post 1.13 EPS for the current year.
In other news, Director Tommy G. Thompson bought 2,705 shares of Physicians Realty Trust stock in a transaction that occurred on Thursday, December 14th. The shares were acquired at an average price of $18.46 per share, with a total value of $49,934.30. Following the completion of the purchase, the director now directly owns 49,339 shares in the company, valued at $910,797.94. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.51% of the stock is owned by corporate insiders.
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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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