Physicians Realty Trust (NYSE:DOC) Downgraded by Colliers Securities

Colliers Securities lowered shares of Physicians Realty Trust (NYSE:DOCGet Rating) from a buy rating to a neutral rating in a report issued on Friday morning, MarketBeat.com reports. They currently have $19.00 price objective on the real estate investment trust’s stock.

A number of other equities research analysts have also weighed in on DOC. Capital One Financial assumed coverage on shares of Physicians Realty Trust in a report on Friday, June 3rd. They set an equal weight rating and a $20.00 price objective on the stock. Bank of America lowered shares of Physicians Realty Trust from a neutral rating to an underperform rating and set a $18.00 price objective on the stock. in a report on Thursday, May 19th. Truist Financial dropped their price objective on shares of Physicians Realty Trust from $18.00 to $17.00 and set a hold rating on the stock in a report on Monday, July 11th. TheStreet lowered shares of Physicians Realty Trust from a b- rating to a c+ rating in a report on Tuesday, June 28th. Finally, StockNews.com lowered shares of Physicians Realty Trust from a hold rating to a sell rating in a report on Tuesday, May 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Physicians Realty Trust has an average rating of Hold and a consensus target price of $18.70.

Physicians Realty Trust Price Performance

NYSE DOC opened at $17.24 on Friday. The firm’s fifty day simple moving average is $17.31 and its two-hundred day simple moving average is $17.41. The company has a current ratio of 1.19, a quick ratio of 1.26 and a debt-to-equity ratio of 0.65. Physicians Realty Trust has a 12-month low of $16.07 and a 12-month high of $19.30. The firm has a market capitalization of $3.88 billion, a P/E ratio of 49.26, a P/E/G ratio of 2.78 and a beta of 0.79.

Physicians Realty Trust (NYSE:DOCGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.22). Physicians Realty Trust had a return on equity of 2.70% and a net margin of 15.92%. The firm had revenue of $130.39 million during the quarter, compared to analysts’ expectations of $126.51 million. During the same period in the prior year, the firm posted $0.27 earnings per share. Physicians Realty Trust’s revenue for the quarter was up 15.0% compared to the same quarter last year. Analysts forecast that Physicians Realty Trust will post 1.07 EPS for the current fiscal year.

Physicians Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 19th. Shareholders of record on Tuesday, July 5th were given a $0.23 dividend. The ex-dividend date was Friday, July 1st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.34%. Physicians Realty Trust’s dividend payout ratio (DPR) is currently 262.86%.

Insiders Place Their Bets

In other news, Director Pamela Shelley-Kessler acquired 3,000 shares of the firm’s stock in a transaction on Tuesday, June 14th. The stock was acquired at an average price of $16.81 per share, for a total transaction of $50,430.00. Following the completion of the transaction, the director now owns 3,000 shares in the company, valued at approximately $50,430. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Boston Trust Walden Corp raised its position in shares of Physicians Realty Trust by 102.0% during the 1st quarter. Boston Trust Walden Corp now owns 4,432,661 shares of the real estate investment trust’s stock worth $77,749,000 after purchasing an additional 2,238,413 shares during the last quarter. Schroder Investment Management Group raised its holdings in Physicians Realty Trust by 8.1% in the 4th quarter. Schroder Investment Management Group now owns 70,608 shares of the real estate investment trust’s stock valued at $1,330,000 after acquiring an additional 5,305 shares during the last quarter. Yousif Capital Management LLC acquired a new stake in Physicians Realty Trust in the 4th quarter valued at about $2,035,000. Park Avenue Securities LLC raised its holdings in Physicians Realty Trust by 4.1% in the 1st quarter. Park Avenue Securities LLC now owns 19,293 shares of the real estate investment trust’s stock valued at $338,000 after acquiring an additional 761 shares during the last quarter. Finally, Clean Yield Group raised its holdings in Physicians Realty Trust by 16.4% in the 1st quarter. Clean Yield Group now owns 405,947 shares of the real estate investment trust’s stock valued at $7,120,000 after acquiring an additional 57,280 shares during the last quarter. Institutional investors and hedge funds own 87.64% of the company’s stock.

Physicians Realty Trust Company Profile

(Get Rating)

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.

See Also

Analyst Recommendations for Physicians Realty Trust (NYSE:DOC)

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