Wall Street analysts forecast that Physicians Realty Trust (NYSE:DOC) will post sales of $108.45 million for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Physicians Realty Trust’s earnings. The lowest sales estimate is $104.50 million and the highest is $111.23 million. Physicians Realty Trust posted sales of $105.31 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 26th.
On average, analysts expect that Physicians Realty Trust will report full-year sales of $415.48 million for the current financial year, with estimates ranging from $406.35 million to $420.91 million. For the next fiscal year, analysts anticipate that the business will report sales of $443.41 million, with estimates ranging from $418.74 million to $475.78 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Physicians Realty Trust.
Physicians Realty Trust (NYSE:DOC) last announced its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18). Physicians Realty Trust had a net margin of 10.61% and a return on equity of 1.79%. The company had revenue of $107.59 million during the quarter, compared to the consensus estimate of $105.01 million. During the same quarter last year, the company earned $0.28 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis.
NYSE:DOC opened at $19.17 on Monday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.66. The firm has a market cap of $3.55 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 15.18 and a beta of 0.41. Physicians Realty Trust has a 12 month low of $15.18 and a 12 month high of $19.34. The company’s 50-day moving average price is $18.47 and its two-hundred day moving average price is $17.84.
In other Physicians Realty Trust news, CEO John T. Thomas sold 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $18.60, for a total transaction of $93,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Jeffrey Theiler acquired 4,150 shares of Physicians Realty Trust stock in a transaction on Monday, November 11th. The shares were purchased at an average cost of $18.19 per share, for a total transaction of $75,488.50. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 7,603 shares of company stock valued at $137,576 and sold 15,000 shares valued at $275,850. Company insiders own 0.62% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DOC. Investment Counselors of Maryland LLC acquired a new position in shares of Physicians Realty Trust during the second quarter valued at $15,064,000. Nuveen Asset Management LLC raised its holdings in Physicians Realty Trust by 189.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 799,612 shares of the real estate investment trust’s stock worth $13,945,000 after purchasing an additional 523,044 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Physicians Realty Trust by 17.4% during the 2nd 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 during the last quarter. Northern Trust Corp raised its holdings in Physicians Realty Trust by 11.4% during the 2nd 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 during the last quarter. Finally, Morgan Stanley lifted its position in Physicians Realty Trust by 129.4% during the 2nd quarter. Morgan Stanley now owns 760,706 shares of the real estate investment trust’s stock valued at $13,266,000 after purchasing an additional 429,165 shares during the period. 90.68% of the stock is owned by 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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