According to Zacks, “Physicians Realty Trust is a REIT. It is a self-managed healthcare real estate company engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company’s principal investments will include medical office buildings, outpatient treatment facilities, acute and post-acute care hospitals, as well as other real estate integral to healthcare providers. Physicians Realty Trust is based in Milwaukee, Wisconsin. “
A number of other brokerages have also recently commented on DOC. Citigroup assumed coverage on Physicians Realty Trust in a research note on Thursday, June 20th. They set a neutral rating and a $18.50 price objective for the company. Capital One Financial cut Physicians Realty Trust from an overweight rating to an equal weight rating and set a $18.75 price objective for the company. in a research note on Thursday, May 2nd. BMO Capital Markets cut Physicians Realty Trust from an outperform rating to a market perform rating and set a $17.45 price objective for the company. in a research note on Tuesday, May 7th. Finally, ValuEngine cut Physicians Realty Trust from a buy rating to a hold rating in a research note on Thursday, June 27th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $18.45.
Physicians Realty Trust (NYSE:DOC) last announced 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). Physicians Realty Trust had a return on equity of 2.11% and a net margin of 12.61%. The company had revenue of $94.90 million for the quarter, compared to analyst estimates of $105.92 million. During the same period last year, the firm earned $0.28 earnings per share. The firm’s revenue for the quarter was down 11.3% on a year-over-year basis. As a group, equities research analysts forecast that Physicians Realty Trust will post 1.05 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, July 3rd were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, July 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.38%. Physicians Realty Trust’s dividend payout ratio (DPR) is presently 85.19%.
In other Physicians Realty Trust news, CEO John T. Thomas sold 3,700 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $17.50, for a total value of $64,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John T. Thomas sold 5,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $18.26, for a total value of $91,300.00. Following the completion of the transaction, the insider now directly owns 311,251 shares of the company’s stock, valued at $5,683,443.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,000 shares of company stock valued at $353,800. 0.62% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of DOC. Vaughan Nelson Investment Management L.P. acquired a new position in Physicians Realty Trust in the first quarter valued at about $42,647,000. Norges Bank acquired a new position in Physicians Realty Trust in the fourth quarter valued at about $35,906,000. FIL Ltd acquired a new position in Physicians Realty Trust in the first quarter valued at about $20,691,000. Investment Counselors of Maryland LLC acquired a new position in Physicians Realty Trust in the second quarter valued at about $15,064,000. Finally, Bank of New York Mellon Corp grew its stake in Physicians Realty Trust by 17.4% in the second quarter. Bank of New York Mellon Corp now owns 3,463,056 shares of the real estate investment trust’s stock valued at $60,397,000 after acquiring an additional 512,838 shares during the period. 96.02% of the stock is owned by hedge funds and other 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.
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