Physicians Realty Trust (NYSE:DOC) – Investment analysts at SunTrust Banks boosted their FY2020 earnings per share estimates for Physicians Realty Trust in a research note issued on Tuesday, December 3rd. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will earn $1.07 per share for the year, up from their previous estimate of $1.06. SunTrust Banks also issued estimates for Physicians Realty Trust’s FY2021 earnings at $1.08 EPS and FY2022 earnings at $1.09 EPS.
A number of other equities analysts have also commented on DOC. Zacks Investment Research lowered shares of Physicians Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday. Berenberg Bank began coverage on shares of Physicians Realty Trust in a research note on Thursday, September 12th. They issued a “hold” rating and a $18.00 price objective for the company. B. Riley reissued a “buy” rating on shares of Physicians Realty Trust in a report on Friday, November 8th. Stifel Nicolaus upgraded shares of Physicians Realty Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $19.00 to $21.00 in a research report on Tuesday, November 26th. Finally, Morgan Stanley lowered their target price on shares of Physicians Realty Trust from $19.00 to $17.50 and set an “equal weight” rating on the stock in a report on Tuesday, September 17th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $18.89.
Physicians Realty Trust (NYSE:DOC) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.18). Physicians Realty Trust had a return on equity of 1.79% and a net margin of 10.61%. The firm had revenue of $107.59 million for the quarter, compared to the consensus estimate of $105.01 million. During the same quarter in the previous year, the business earned $0.28 EPS. The firm’s quarterly revenue was up 2.4% on a year-over-year basis.
In related news, CFO Jeffrey Theiler purchased 4,150 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average price of $18.19 per share, with a total value of $75,488.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John T. Thomas sold 5,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $19.02, for a total value of $95,100.00. Following the completion of the transaction, the chief executive officer now directly owns 290,500 shares of the company’s stock, valued at approximately $5,525,310. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 7,603 shares of company stock valued at $137,576 and have sold 15,000 shares valued at $275,850. Corporate insiders own 0.62% of the company’s stock.
A number of institutional investors have recently made changes to their positions in DOC. James Investment Research Inc. bought a new position in Physicians Realty Trust in the 2nd quarter valued at about $26,000. Public Employees Retirement System of Ohio boosted its position in shares of Physicians Realty Trust by 47.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,874 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 601 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Physicians Realty Trust by 529.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,888 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 1,588 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Physicians Realty Trust during the 2nd quarter worth approximately $44,000. Finally, C M Bidwell & Associates Ltd. bought a new position in Physicians Realty Trust in the second quarter valued at approximately $55,000. Hedge funds and other institutional investors own 90.68% of the company’s stock.
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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