Physicians Realty Trust (NYSE:DOC) Shares Sold by Manning & Napier Group LLC

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Manning & Napier Group LLC decreased its position in Physicians Realty Trust (NYSE:DOC) by 14.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 386,305 shares of the real estate investment trust’s stock after selling 63,555 shares during the period. Manning & Napier Group LLC’s holdings in Physicians Realty Trust were worth $6,855,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Macquarie Group Ltd. grew its holdings in Physicians Realty Trust by 0.4% in the second quarter. Macquarie Group Ltd. now owns 2,585,488 shares of the real estate investment trust’s stock valued at $45,091,000 after purchasing an additional 11,268 shares during the last quarter. Chartwell Investment Partners LLC grew its holdings in Physicians Realty Trust by 6.2% in the second quarter. Chartwell Investment Partners LLC now owns 127,322 shares of the real estate investment trust’s stock valued at $2,220,000 after purchasing an additional 7,454 shares during the last quarter. HM Payson & Co. acquired a new stake in Physicians Realty Trust in the second quarter valued at $73,000. United Services Automobile Association grew its holdings in Physicians Realty Trust by 2.9% in the second quarter. United Services Automobile Association now owns 861,715 shares of the real estate investment trust’s stock valued at $15,028,000 after purchasing an additional 24,650 shares during the last quarter. Finally, Pictet Asset Management Ltd. grew its holdings in Physicians Realty Trust by 7.3% in the second quarter. Pictet Asset Management Ltd. now owns 33,800 shares of the real estate investment trust’s stock valued at $589,000 after purchasing an additional 2,300 shares during the last quarter. 94.41% of the stock is currently owned by institutional investors.

DOC opened at $17.55 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.66. The firm has a market cap of $3.26 billion, a P/E ratio of 16.59 and a beta of 0.42. Physicians Realty Trust has a 52 week low of $15.18 and a 52 week high of $19.16. The business’s fifty day simple moving average is $17.46 and its 200 day simple moving average is $17.82.

Physicians Realty Trust (NYSE:DOC) last posted its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.22). The company had revenue of $94.90 million for the quarter, compared to analyst estimates of $105.92 million. Physicians Realty Trust had a net margin of 12.61% and a return on equity of 2.11%. The firm’s revenue was down 11.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 EPS. As a group, equities analysts expect that Physicians Realty Trust will post 1 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, October 3rd will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date is Wednesday, October 2nd. Physicians Realty Trust’s payout ratio is currently 85.19%.

In related news, CEO John T. Thomas sold 5,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $17.50, for a total transaction of $87,500.00. Following the sale, the chief executive officer now owns 305,259 shares of the company’s stock, valued at $5,342,032.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Bradley D. Page acquired 4,330 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average cost of $17.27 per share, for a total transaction of $74,779.10. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 15,000 shares of company stock worth $262,750. Corporate insiders own 0.62% of the company’s stock.

Several research firms have weighed in on DOC. Berenberg Bank began coverage on Physicians Realty Trust in a report on Thursday, September 12th. They issued a “hold” rating and a $18.00 target price on the stock. ValuEngine lowered Physicians Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Citigroup initiated coverage on Physicians Realty Trust in a report on Thursday, June 20th. They issued a “neutral” rating and a $18.50 target price on the stock. Morgan Stanley decreased their price objective on Physicians Realty Trust from $19.00 to $17.50 and set an “equal weight” rating on the stock in a research note on Tuesday, September 17th. Finally, Zacks Investment Research lowered Physicians Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $18.20.

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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Institutional Ownership by Quarter for Physicians Realty Trust (NYSE:DOC)

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Physicians Realty Trust  Shares Sold by Manning & Napier Group LLC
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