Physicians Realty Trust (NYSE:DOC) – Equities researchers at Jefferies Group dropped their FY2018 EPS estimates for shares of Physicians Realty Trust in a note issued to investors on Thursday, April 5th. Jefferies Group analyst O. Okusanya now expects that the real estate investment trust will post earnings per share of $1.09 for the year, down from their prior forecast of $1.14. Jefferies Group also issued estimates for Physicians Realty Trust’s FY2019 earnings at $1.12 EPS and FY2020 earnings at $1.11 EPS.
Several other equities analysts have also issued reports on the company. Zacks Investment Research upgraded Physicians Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday. BMO Capital Markets restated a “buy” rating and set a $18.00 price target on shares of Physicians Realty Trust in a research note on Tuesday, March 27th. Morgan Stanley lowered their price target on Physicians Realty Trust from $18.00 to $16.50 and set an “equal weight” rating on the stock in a research note on Tuesday, March 20th. Bank of America lowered their price target on Physicians Realty Trust from $19.50 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, March 8th. Finally, Royal Bank of Canada set a $18.00 price target on Physicians Realty Trust and gave the company a “buy” rating in a research note on Tuesday, March 6th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $18.46.
Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings results on Wednesday, February 28th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. Physicians Realty Trust had a return on equity of 1.63% and a net margin of 11.04%. The firm had revenue of $97.30 million for the quarter, compared to analyst estimates of $98.56 million. During the same period in the previous year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 32.0% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Tuesday, April 3rd will be paid a $0.23 dividend. The ex-dividend date of this dividend is Monday, April 2nd. This represents a $0.92 annualized dividend and a dividend yield of 5.98%. Physicians Realty Trust’s dividend payout ratio is currently 88.46%.
In related news, Director Tommy G. Thompson acquired 13,650 shares of the stock in a transaction dated Tuesday, March 6th. The shares were bought at an average cost of $14.71 per share, for a total transaction of $200,791.50. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.51% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Physicians Realty Trust by 6.7% in 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 acquiring an additional 3,647 shares in the last quarter. Rehmann Capital Advisory Group acquired a new position in shares of Physicians Realty Trust in the 4th quarter worth approximately $1,220,000. Xact Kapitalforvaltning AB acquired a new position in shares of Physicians Realty Trust in the 4th quarter worth approximately $262,000. Brookfield Asset Management Inc. acquired a new position in shares of Physicians Realty Trust in the 4th quarter worth approximately $70,764,000. Finally, MetLife Investment Advisors LLC acquired a new position in shares of Physicians Realty Trust in the 4th quarter worth approximately $1,478,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.
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About Physicians Realty Trust
Physicians Realty Trust is a self-managed healthcare real estate company organized to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company invests in real estate that is integral to providing high quality healthcare.
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