TheStreet Upgrades Physicians Realty Trust (NYSE:DOC) to “B-“

Physicians Realty Trust (NYSE:DOC) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued to investors on Friday, TheStreetRatingsTable reports.

DOC has been the subject of several other reports. Zacks Investment Research upgraded shares of Physicians Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. B. Riley restated a “buy” rating on shares of Physicians Realty Trust in a research report on Friday. Morgan Stanley cut their price objective on shares of Physicians Realty Trust from $19.00 to $17.50 and set an “equal weight” rating for the company in a research report on Tuesday, September 17th. Bank of America initiated coverage on shares of Physicians Realty Trust in a research report on Monday, October 14th. They set a “neutral” rating for the company. Finally, Berenberg Bank initiated coverage on shares of Physicians Realty Trust in a research report on Thursday, September 12th. They set a “hold” rating and a $18.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Physicians Realty Trust currently has an average rating of “Hold” and an average target price of $18.20.

Shares of NYSE DOC traded up $0.16 during mid-day trading on Friday, reaching $18.37. The company’s stock had a trading volume of 771,795 shares, compared to its average volume of 1,305,841. The stock has a 50-day moving average of $17.89 and a two-hundred day moving average of $17.76. The stock has a market capitalization of $3.40 billion, a P/E ratio of 17.00 and a beta of 0.40. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.45. Physicians Realty Trust has a 1-year low of $15.18 and a 1-year high of $19.16.

Physicians Realty Trust (NYSE:DOC) last released its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.18). Physicians Realty Trust had a return on equity of 1.79% and a net margin of 10.61%. The firm had revenue of $107.59 million for the quarter, compared to analyst estimates of $105.01 million. During the same quarter in the previous year, the business posted $0.28 earnings per share. Physicians Realty Trust’s revenue for the quarter was up 2.4% on a year-over-year basis. Analysts predict that Physicians Realty Trust will post 1 EPS for the current fiscal year.

In related news, VP Bradley D. Page purchased 4,330 shares of the company’s stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $17.27 per share, for a total transaction of $74,779.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John T. Thomas sold 5,000 shares of Physicians Realty Trust stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $17.55, for a total transaction of $87,750.00. Following the sale, the chief executive officer now owns 300,259 shares of the company’s stock, valued at $5,269,545.45. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 11,933 shares of company stock valued at $212,355 and have sold 15,000 shares valued at $268,250. 0.62% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its position in shares of Physicians Realty Trust by 1.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 71,763 shares of the real estate investment trust’s stock valued at $1,252,000 after acquiring an additional 1,005 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Physicians Realty Trust by 3.6% during the second quarter. Commonwealth Equity Services LLC now owns 31,213 shares of the real estate investment trust’s stock valued at $544,000 after acquiring an additional 1,081 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Physicians Realty Trust by 4.4% during the second quarter. Daiwa Securities Group Inc. now owns 31,100 shares of the real estate investment trust’s stock valued at $542,000 after acquiring an additional 1,300 shares during the last quarter. First Mercantile Trust Co. increased its position in shares of Physicians Realty Trust by 7.8% during the third quarter. First Mercantile Trust Co. now owns 18,348 shares of the real estate investment trust’s stock valued at $326,000 after acquiring an additional 1,323 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of Physicians Realty Trust by 5.2% during the second quarter. LPL Financial LLC now owns 29,661 shares of the real estate investment trust’s stock valued at $517,000 after acquiring an additional 1,463 shares during the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

About Physicians Realty Trust

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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