Physicians Realty Trust (NYSE:DOC) Rating Increased to Buy at Zacks Investment Research

Physicians Realty Trust (NYSE:DOC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday, Zacks.com reports. The brokerage presently has a $21.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s target price points to a potential upside of 10.06% from the stock’s current price.

According to Zacks, “Physicians Realty Trust is a REIT. It is a self-managed healthcare real estate company engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company’s principal investments will include medical office buildings, outpatient treatment facilities, acute and post-acute care hospitals, as well as other real estate integral to healthcare providers. Physicians Realty Trust is based in Milwaukee, Wisconsin. “

Several other equities research analysts have also issued reports on the stock. Berenberg Bank initiated coverage on shares of Physicians Realty Trust in a research note on Thursday, September 12th. They issued a “hold” rating and a $18.00 price target on the stock. Stifel Nicolaus upgraded shares of Physicians Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $19.00 to $21.00 in a research note on Tuesday, November 26th. B. Riley reiterated a “buy” rating on shares of Physicians Realty Trust in a research note on Friday, November 8th. TheStreet upgraded shares of Physicians Realty Trust from a “c+” rating to a “b-” rating in a research note on Friday, November 8th. Finally, Morgan Stanley lowered their price target on shares of Physicians Realty Trust from $19.00 to $17.50 and set an “equal weight” rating on the stock in a research note on Tuesday, September 17th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Physicians Realty Trust has an average rating of “Hold” and an average price target of $18.89.

DOC stock traded up $0.02 during midday trading on Wednesday, hitting $19.08. The company’s stock had a trading volume of 1,254,425 shares, compared to its average volume of 1,333,920. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.45 and a quick ratio of 1.45. Physicians Realty Trust has a twelve month low of $15.18 and a twelve month high of $19.34. The company’s fifty day moving average price is $18.41 and its 200 day moving average price is $17.83. The stock has a market capitalization of $3.53 billion, a P/E ratio of 17.67, a PEG ratio of 15.25 and a beta of 0.41.

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

In other news, VP Bradley D. Page acquired 4,330 shares of the stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $17.27 per share, for a total transaction of $74,779.10. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John W. Lucey acquired 2,900 shares of the stock in a transaction dated Friday, November 8th. The shares were purchased at an average price of $17.96 per share, for a total transaction of $52,084.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 11,933 shares of company stock worth $212,355 and have sold 15,000 shares worth $275,850. 0.62% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System boosted its holdings in shares of Physicians Realty Trust by 77.0% during the 3rd quarter. California Public Employees Retirement System now owns 385,435 shares of the real estate investment trust’s stock worth $6,841,000 after buying an additional 167,639 shares during the period. Marshall Wace LLP bought a new stake in shares of Physicians Realty Trust during the 2nd quarter worth about $3,075,000. Rhumbline Advisers boosted its holdings in shares of Physicians Realty Trust by 9.1% during the 3rd quarter. Rhumbline Advisers now owns 324,872 shares of the real estate investment trust’s stock worth $5,766,000 after buying an additional 27,164 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Physicians Realty Trust by 43.1% during the 3rd quarter. Voya Investment Management LLC now owns 1,155,916 shares of the real estate investment trust’s stock worth $20,517,000 after buying an additional 348,120 shares during the period. Finally, Sfmg LLC boosted its holdings in shares of Physicians Realty Trust by 30.8% during the 2nd quarter. Sfmg LLC now owns 220,907 shares of the real estate investment trust’s stock worth $3,791,000 after buying an additional 51,957 shares during the period. Institutional investors own 90.68% 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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