Physicians Realty Trust (NYSE:DOC) – Analysts at FBR & Co cut their FY2017 earnings per share estimates for shares of Physicians Realty Trust in a research note issued on Monday. FBR & Co analyst Maher. B now anticipates that the real estate investment trust will post earnings of $1.14 per share for the year, down from their prior estimate of $1.16. FBR & Co currently has a “Outperform” rating and a $23.00 target price on the stock. FBR & Co also issued estimates for Physicians Realty Trust’s Q1 2018 earnings at $0.31 EPS, Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.30 EPS and FY2019 earnings at $1.41 EPS.
Physicians Realty Trust (NYSE:DOC) last announced its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.02. The company had revenue of $76.70 million for the quarter, compared to the consensus estimate of $77.57 million. Physicians Realty Trust had a net margin of 12.86% and a return on equity of 1.77%. The firm’s revenue was up 73.9% compared to the same quarter last year. During the same period last year, the business posted $0.22 EPS. ILLEGAL ACTIVITY WARNING: This news story was reported by Markets Daily and is the sole property of of Markets Daily. If you are viewing this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this news story can be accessed at https://www.themarketsdaily.com/2017/05/20/fy2017-earnings-estimate-for-physicians-realty-trust-issued-by-fbr-co-doc-updated.html.
DOC has been the subject of a number of other reports. Zacks Investment Research upgraded Physicians Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, January 18th. TheStreet upgraded Physicians Realty Trust from a “c+” rating to a “b-” rating in a report on Friday, January 27th. BTIG Research lifted their target price on Physicians Realty Trust from $20.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, April 11th. Finally, Robert W. Baird began coverage on Physicians Realty Trust in a report on Thursday, March 9th. They issued an “outperform” rating and a $21.00 target price for the company. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $21.58.
Shares of Physicians Realty Trust (NYSE:DOC) traded up 0.37% during mid-day trading on Tuesday, reaching $19.14. The company’s stock had a trading volume of 85,141 shares. Physicians Realty Trust has a one year low of $17.12 and a one year high of $22.03. The stock has a market cap of $2.66 billion, a P/E ratio of 87.80 and a beta of 0.54. The stock has a 50 day moving average of $19.70 and a 200-day moving average of $19.05.
Hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Physicians Realty Trust by 5.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,098 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 425 shares during the period. First Light Asset Management LLC increased its stake in shares of Physicians Realty Trust by 0.3% in the fourth quarter. First Light Asset Management LLC now owns 152,881 shares of the real estate investment trust’s stock worth $2,899,000 after buying an additional 516 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of Physicians Realty Trust by 11.3% in the first quarter. Ameritas Investment Partners Inc. now owns 12,989 shares of the real estate investment trust’s stock worth $258,000 after buying an additional 1,315 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Physicians Realty Trust by 0.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 491,240 shares of the real estate investment trust’s stock worth $9,314,000 after buying an additional 1,650 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Physicians Realty Trust by 1.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 137,861 shares of the real estate investment trust’s stock worth $2,739,000 after buying an additional 2,216 shares during the period. 96.44% of the stock is owned by institutional investors.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 18th. Shareholders of record on Wednesday, April 5th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend was Monday, April 3rd. Physicians Realty Trust’s dividend payout ratio (DPR) is 409.11%.
Physicians Realty Trust Company Profile
Physicians Realty Trust (the Trust) is a real estate investment trust. Physicians Realty L.P. is the operating partnership of the Trust. The Trust and its operating partnership are engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems.
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