Peregrine Capital Management LLC Raises Position in Physicians Realty Trust (NYSE:DOC)

Peregrine Capital Management LLC grew its position in Physicians Realty Trust (NYSE:DOC) by 1.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 324,675 shares of the real estate investment trust’s stock after buying an additional 4,639 shares during the period. Peregrine Capital Management LLC owned approximately 0.16% of Physicians Realty Trust worth $5,688,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. First Trust Advisors LP grew its stake in shares of Physicians Realty Trust by 153.1% in the first quarter. First Trust Advisors LP now owns 229,306 shares of the real estate investment trust’s stock worth $4,313,000 after acquiring an additional 138,703 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Physicians Realty Trust by 21.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 25,995 shares of the real estate investment trust’s stock worth $492,000 after acquiring an additional 4,670 shares during the period. Geode Capital Management LLC grew its stake in shares of Physicians Realty Trust by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 2,472,937 shares of the real estate investment trust’s stock worth $46,837,000 after acquiring an additional 188,175 shares during the period. Norges Bank bought a new stake in shares of Physicians Realty Trust in the fourth quarter worth approximately $64,219,000. Finally, Nuveen Asset Management LLC grew its stake in shares of Physicians Realty Trust by 141.6% in the fourth quarter. Nuveen Asset Management LLC now owns 4,769,218 shares of the real estate investment trust’s stock worth $90,329,000 after acquiring an additional 2,795,461 shares during the period. 89.16% of the stock is owned by institutional investors and hedge funds.

In other news, Director Stanton D. Anderson sold 6,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $17.73, for a total value of $106,380.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.64% of the stock is currently owned by insiders.

Shares of NYSE:DOC opened at $18.04 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.16 and a quick ratio of 0.16. Physicians Realty Trust has a 1-year low of $11.01 and a 1-year high of $20.78. The company has a market capitalization of $3.65 billion, a P/E ratio of 44.00, a P/E/G ratio of 11.00 and a beta of 0.86. The firm’s 50 day simple moving average is $17.50 and its two-hundred day simple moving average is $17.32.

Physicians Realty Trust (NYSE:DOC) last released its earnings results on Thursday, May 7th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.19). Physicians Realty Trust had a return on equity of 3.10% and a net margin of 18.65%. The company had revenue of $107.43 million during the quarter, compared to analysts’ expectations of $108.64 million. During the same period last year, the firm posted $0.25 EPS. Physicians Realty Trust’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Physicians Realty Trust will post 1.05 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 2nd were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 5.10%. The ex-dividend date was Wednesday, July 1st. Physicians Realty Trust’s dividend payout ratio (DPR) is presently 92.93%.

DOC has been the subject of several recent research reports. KeyCorp cut their target price on shares of Physicians Realty Trust from $22.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. SunTrust Banks cut their target price on shares of Physicians Realty Trust from $19.00 to $16.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Citigroup boosted their target price on shares of Physicians Realty Trust from $14.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. TheStreet lowered shares of Physicians Realty Trust from a “b-” rating to a “c” rating in a research report on Monday, April 6th. Finally, ValuEngine lowered shares of Physicians Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. Physicians Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $19.00.

Physicians Realty Trust 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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Institutional Ownership by Quarter for Physicians Realty Trust (NYSE:DOC)

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