Physicians Realty Trust (NYSE:DOC) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of Physicians Realty Trust (NYSE:DOC) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

A number of other research analysts have also recently issued reports on DOC. Compass Point reduced their price objective on Physicians Realty Trust from $19.00 to $18.00 and set a buy rating on the stock in a research note on Tuesday, January 2nd. Royal Bank of Canada assumed coverage on Physicians Realty Trust in a research note on Friday, March 8th. They set an outperform rating and a $21.00 price objective on the stock. KeyCorp reaffirmed a sector weight rating on shares of Physicians Realty Trust in a research note on Friday, January 5th. Truist Financial reduced their price objective on Physicians Realty Trust from $15.00 to $14.00 and set a hold rating on the stock in a research note on Friday, December 22nd. Finally, Wells Fargo & Company initiated coverage on Physicians Realty Trust in a research note on Monday. They set an equal weight rating and a $19.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $16.44.

Physicians Realty Trust Stock Up 4.3 %

DOC opened at $18.32 on Wednesday. The stock has a market cap of $13.00 billion, a PE ratio of 32.71 and a beta of 1.01. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.00. Physicians Realty Trust has a 52 week low of $15.24 and a 52 week high of $22.38. The business’s fifty day simple moving average is $13.91 and its 200 day simple moving average is $12.81.

Institutional Trading of Physicians Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of DOC. Sunbelt Securities Inc. purchased a new stake in Physicians Realty Trust in the first quarter worth about $27,000. Parallel Advisors LLC lifted its holdings in Physicians Realty Trust by 274.6% in the fourth quarter. Parallel Advisors LLC now owns 4,072 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 2,985 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Physicians Realty Trust by 42.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,750 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 1,712 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Physicians Realty Trust by 99.7% during the second quarter. Benjamin Edwards Inc. now owns 5,237 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 2,614 shares during the last quarter. Finally, Harbour Investments Inc. lifted its holdings in shares of Physicians Realty Trust by 52.1% during the second quarter. Harbour Investments Inc. now owns 6,426 shares of the real estate investment trust’s stock valued at $90,000 after purchasing an additional 2,200 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Physicians Realty Trust Company Profile

Physicians Realty Trust is a self-managed health care real estate company organized to acquire, selectively develop, own, and manage health care properties that are leased to physicians, hospitals, and health care delivery systems. The Company invests in real estate that is integral to providing high quality health care.