Xact Kapitalforvaltning AB acquired a new stake in shares of Physicians Realty Trust (NYSE:DOC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,562 shares of the real estate investment trust’s stock, valued at approximately $262,000.
Other institutional investors have also recently modified their holdings of the company. Brookfield Asset Management Inc. purchased a new position in Physicians Realty Trust in the fourth quarter worth about $70,764,000. Cbre Clarion Securities LLC purchased a new position in Physicians Realty Trust in the fourth quarter worth about $46,085,000. PGGM Investments grew its position in Physicians Realty Trust by 69.0% in the fourth quarter. PGGM Investments now owns 4,604,000 shares of the real estate investment trust’s stock worth $82,826,000 after acquiring an additional 1,880,000 shares in the last quarter. Atlantic Trust Group LLC purchased a new position in Physicians Realty Trust in the third quarter worth about $15,343,000. Finally, Citadel Advisors LLC grew its position in Physicians Realty Trust by 62.2% in the fourth quarter. Citadel Advisors LLC now owns 1,544,354 shares of the real estate investment trust’s stock worth $27,783,000 after acquiring an additional 592,125 shares in the last quarter. Hedge funds and other institutional investors own 94.11% of the company’s stock.
Shares of NYSE DOC opened at $14.83 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $2,640.95, a price-to-earnings ratio of 13.84, a PEG ratio of 3.02 and a beta of 0.46. Physicians Realty Trust has a 1 year low of $14.13 and a 1 year high of $21.85.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Tuesday, April 3rd will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 6.20%. The ex-dividend date of this dividend is Monday, April 2nd. Physicians Realty Trust’s dividend payout ratio is presently 88.46%.
In related news, Director Tommy G. Thompson purchased 13,650 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was purchased at an average price of $14.71 per share, with a total value of $200,791.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.51% of the company’s stock.
DOC has been the subject of several recent research reports. Zacks Investment Research lowered Physicians Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Robert W. Baird reissued 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. Morgan Stanley decreased their price objective 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 decreased their price objective 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, TheStreet downgraded shares of Physicians Realty Trust from a “b-” rating to a “c” rating in a research note on Wednesday, February 28th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.19.
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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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