Physicians Realty Trust (NYSE:DOC) Downgraded by Colliers Securities to Neutral

Colliers Securities cut shares of Physicians Realty Trust (NYSE:DOCGet Rating) from a buy rating to a neutral rating in a report published on Friday, MarketBeat Ratings reports. The firm currently has $19.00 price target on the real estate investment trust’s stock.

Several other analysts also recently commented on DOC. Barclays started coverage on Physicians Realty Trust in a research note on Tuesday, April 26th. They set an overweight rating and a $20.00 target price on the stock. Morgan Stanley cut their target price on Physicians Realty Trust from $17.50 to $16.00 and set an equal weight rating on the stock in a research note on Friday, July 15th. StockNews.com downgraded Physicians Realty Trust from a hold rating to a sell rating in a research note on Tuesday, May 24th. TheStreet cut Physicians Realty Trust from a b- rating to a c+ rating in a report on Tuesday, June 28th. Finally, Truist Financial lowered their price target on Physicians Realty Trust from $18.00 to $17.00 and set a hold rating on the stock in a report on Monday, July 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and an average price target of $18.70.

Physicians Realty Trust Stock Performance

Physicians Realty Trust stock opened at $17.24 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.19 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $3.88 billion, a P/E ratio of 49.26, a PEG ratio of 2.78 and a beta of 0.79. The stock’s 50 day moving average is $17.31 and its 200 day moving average is $17.41. Physicians Realty Trust has a twelve month low of $16.07 and a twelve month high of $19.30.

Physicians Realty Trust (NYSE:DOCGet Rating) last issued its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.22). Physicians Realty Trust had a net margin of 15.92% and a return on equity of 2.70%. The business had revenue of $130.39 million for the quarter, compared to analysts’ expectations of $126.51 million. During the same quarter in the prior year, the business posted $0.27 earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, equities research analysts predict that Physicians Realty Trust will post 1.07 earnings per share for the current fiscal year.

Physicians Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 19th. Investors of record on Tuesday, July 5th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, July 1st. This represents a $0.92 dividend on an annualized basis and a yield of 5.34%. Physicians Realty Trust’s dividend payout ratio is currently 262.86%.

Insider Buying and Selling

In related news, Director Pamela Shelley-Kessler bought 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 14th. The shares were bought at an average cost of $16.81 per share, with a total value of $50,430.00. Following the acquisition, the director now owns 3,000 shares in the company, valued at $50,430. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.79% of the stock is owned by insiders.

Institutional Investors Weigh In On Physicians Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Northwestern Mutual Investment Management Company LLC raised its holdings in Physicians Realty Trust by 1.7% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 36,518 shares of the real estate investment trust’s stock valued at $688,000 after acquiring an additional 604 shares during the period. Belpointe Asset Management LLC grew its position in shares of Physicians Realty Trust by 8.3% during the second quarter. Belpointe Asset Management LLC now owns 7,981 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 614 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Physicians Realty Trust by 8.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 8,588 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 657 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Physicians Realty Trust by 3.4% during the second quarter. Van ECK Associates Corp now owns 20,408 shares of the real estate investment trust’s stock valued at $356,000 after purchasing an additional 662 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in shares of Physicians Realty Trust by 4.1% during the first quarter. Park Avenue Securities LLC now owns 19,293 shares of the real estate investment trust’s stock valued at $338,000 after purchasing an additional 761 shares in the last quarter. 87.64% of the stock is owned by institutional investors.

About Physicians Realty Trust

(Get Rating)

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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