Zacks Investment Research Lowers Physicians Realty Trust (NYSE:DOC) to Sell

Zacks Investment Research cut shares of Physicians Realty Trust (NYSE:DOC) from a hold rating to a sell rating in a research note published on Tuesday morning, Zacks.com reports.

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. “

DOC has been the topic of several other reports. Citigroup assumed coverage on shares of Physicians Realty Trust in a research note on Thursday, June 20th. They set a neutral rating and a $18.50 target price on the stock. Bank of America assumed coverage on shares of Physicians Realty Trust in a research note on Monday. They set a neutral rating on the stock. TheStreet downgraded shares of Physicians Realty Trust from a b- rating to a c+ rating in a research note on Friday, August 9th. Berenberg Bank assumed coverage on shares of Physicians Realty Trust in a research note on Thursday, September 12th. They set a hold rating and a $18.00 target price on the stock. Finally, ValuEngine downgraded shares of Physicians Realty Trust from a buy rating to a hold rating in a research note on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $18.20.

Shares of NYSE:DOC traded down $0.01 on Tuesday, reaching $17.92. 35,416 shares of the company traded hands, compared to its average volume of 1,096,836. The company’s 50 day moving average is $17.48 and its 200-day moving average is $17.78. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.24 and a quick ratio of 1.24. Physicians Realty Trust has a fifty-two week low of $15.18 and a fifty-two week high of $19.16. The stock has a market capitalization of $3.33 billion, a PE ratio of 16.58 and a beta of 0.42.

Physicians Realty Trust (NYSE:DOC) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.22). Physicians Realty Trust had a net margin of 12.61% and a return on equity of 2.11%. The firm 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. Physicians Realty Trust’s revenue for the quarter was down 11.3% compared to the same quarter last year. As a group, analysts expect that Physicians Realty Trust will post 0.99 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, October 3rd will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date of this dividend is Wednesday, October 2nd. Physicians Realty Trust’s dividend payout ratio (DPR) is presently 85.19%.

In related news, VP Bradley D. Page purchased 4,330 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $17.27 per share, with a total value of $74,779.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John T. Thomas sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $17.55, for a total transaction of $87,750.00. Following the completion of the transaction, the chief executive officer now directly owns 300,259 shares in the company, valued at $5,269,545.45. The disclosure for this sale can be found here. Insiders sold 15,000 shares of company stock worth $262,750 over the last ninety days. 0.62% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Physicians Realty Trust by 0.6% in the second quarter. Vanguard Group Inc. now owns 26,752,433 shares of the real estate investment trust’s stock worth $466,563,000 after acquiring an additional 146,721 shares during the last quarter. Brookfield Asset Management Inc. boosted its holdings in Physicians Realty Trust by 1.6% in the second quarter. Brookfield Asset Management Inc. now owns 9,330,055 shares of the real estate investment trust’s stock worth $162,716,000 after purchasing an additional 150,033 shares in the last quarter. Northern Trust Corp boosted its holdings in Physicians Realty Trust by 11.4% in the second quarter. Northern Trust Corp now owns 4,335,995 shares of the real estate investment trust’s stock worth $75,620,000 after purchasing an additional 441,974 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings 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 worth $60,397,000 after purchasing an additional 512,838 shares in the last quarter. Finally, Macquarie Group Ltd. boosted 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 worth $45,091,000 after purchasing an additional 11,268 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Physicians Realty Trust Company Profile

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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Analyst Recommendations for Physicians Realty Trust (NYSE:DOC)

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