Physicians Realty Trust (DOC) Price Target Cut to $17.00 by Analysts at Royal Bank of Canada

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Physicians Realty Trust (NYSE:DOC) had its price objective lowered by Royal Bank of Canada from $18.00 to $17.00 in a research report sent to investors on Thursday. Royal Bank of Canada currently has a buy rating on the real estate investment trust’s stock.

A number of other brokerages have also recently commented on DOC. Zacks Investment Research cut shares of Physicians Realty Trust from a hold rating to a sell rating in a research note on Tuesday, January 30th. Cantor Fitzgerald restated a buy rating and set a $18.00 price target on shares of Physicians Realty Trust in a research note on Monday, May 7th. Morgan Stanley cut their price target on shares of Physicians Realty Trust from $18.00 to $16.50 and set an equal weight rating for the company in a research note on Tuesday, March 20th. Bank of America cut their price target on shares of Physicians Realty Trust from $19.50 to $18.00 and set a buy rating for the company in a research note on Thursday, March 8th. Finally, KeyCorp cut their price target on shares of Physicians Realty Trust from $20.00 to $17.00 and set a buy rating for the company in a research note on Tuesday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $17.96.

Shares of Physicians Realty Trust opened at $14.88 on Thursday, according to MarketBeat. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 3.14 and a beta of 0.46. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.39 and a quick ratio of 1.39. Physicians Realty Trust has a 12 month low of $14.13 and a 12 month high of $21.85.

Physicians Realty Trust (NYSE:DOC) last announced its quarterly earnings results on Friday, May 4th. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.21). The business had revenue of $105.20 million for the quarter, compared to the consensus estimate of $101.70 million. Physicians Realty Trust had a return on equity of 1.75% and a net margin of 11.46%. The firm’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 EPS. sell-side analysts anticipate that Physicians Realty Trust will post 1.1 earnings per share for the current fiscal year.

In other news, Director Tommy G. Thompson acquired 13,650 shares of the company’s stock in a transaction dated Tuesday, March 6th. The stock was bought at an average price of $14.71 per share, with a total value of $200,791.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.51% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Afam Capital Inc. increased its holdings in shares of Physicians Realty Trust by 13.0% during the fourth quarter. Afam Capital Inc. now owns 127,404 shares of the real estate investment trust’s stock worth $2,292,000 after buying an additional 14,688 shares in the last quarter. Swiss National Bank increased its holdings in shares of Physicians Realty Trust by 1.9% during the fourth quarter. Swiss National Bank now owns 302,706 shares of the real estate investment trust’s stock worth $5,446,000 after buying an additional 5,700 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Physicians Realty Trust by 319.6% during the fourth quarter. Teacher Retirement System of Texas now owns 61,380 shares of the real estate investment trust’s stock worth $1,104,000 after buying an additional 46,753 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Physicians Realty Trust by 6.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 868,856 shares of the real estate investment trust’s stock worth $15,631,000 after buying an additional 52,216 shares in the last quarter. Finally, Cbre Clarion Securities LLC acquired a new stake in shares of Physicians Realty Trust during the fourth quarter worth approximately $46,085,000. 93.22% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Physicians Realty Trust (NYSE:DOC)

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