Physicians Realty Trust (NYSE:DOC) Declares Quarterly Dividend of $0.23

Physicians Realty Trust (NYSE:DOC – Get Rating) announced a quarterly dividend on Friday, March 17th, Zacks reports. Investors of record on Tuesday, April 4th will be given a dividend of 0.23 per share by the real estate investment trust on Tuesday, April 18th. This represents a $0.92 annualized dividend and a yield of 6.33%. The ex-dividend date of this dividend is Monday, April 3rd.

Physicians Realty Trust has a dividend payout ratio of 418.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Physicians Realty Trust to earn $1.05 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 87.6%.

Physicians Realty Trust Trading Down 2.9 %

DOC stock opened at $14.53 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.61. Physicians Realty Trust has a 12-month low of $13.42 and a 12-month high of $18.83. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 2.60 and a beta of 0.82. The business’s 50-day moving average is $15.25 and its 200 day moving average is $15.05.

Analyst Upgrades and Downgrades

DOC has been the topic of several recent research reports. KeyCorp upgraded Physicians Realty Trust from a “sector weight” rating to an “overweight” rating and set a $17.00 target price on the stock in a report on Wednesday, December 14th. Royal Bank of Canada lowered their target price on Physicians Realty Trust from $16.00 to $15.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 28th. Finally, StockNews.com lowered shares of Physicians Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.86.

Institutional Trading of Physicians Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. raised its position in Physicians Realty Trust by 1.1% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 64,154 shares of the real estate investment trust’s stock valued at $928,000 after purchasing an additional 689 shares during the period. Thrivent Financial for Lutherans raised its position in Physicians Realty Trust by 1.3% in the third quarter. Thrivent Financial for Lutherans now owns 59,900 shares of the real estate investment trust’s stock valued at $901,000 after purchasing an additional 793 shares during the period. Vident Investment Advisory LLC increased its position in shares of Physicians Realty Trust by 2.2% during the fourth quarter. Vident Investment Advisory LLC now owns 41,335 shares of the real estate investment trust’s stock worth $598,000 after acquiring an additional 903 shares during the period. Cibc World Markets Corp increased its position in shares of Physicians Realty Trust by 0.9% during the first quarter. Cibc World Markets Corp now owns 111,081 shares of the real estate investment trust’s stock worth $1,948,000 after acquiring an additional 956 shares during the period. Finally, MetLife Investment Management LLC increased its position in shares of Physicians Realty Trust by 0.4% during the fourth quarter. MetLife Investment Management LLC now owns 258,477 shares of the real estate investment trust’s stock worth $3,740,000 after acquiring an additional 1,099 shares during the period. Hedge funds and other institutional investors own 91.28% of the company’s stock.

About Physicians Realty Trust

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Physicians Realty Trust is a real estate investment trust, which engages in the acquisition, development, owning, and managing of healthcare properties. Its principal investments include medical office buildings, outpatient treatment facilities, acute and post-acute care hospitals, as well as other real estate integral to healthcare providers.