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

Physicians Realty Trust (NYSE:DOC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

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. “

DOC has been the subject of several other research reports. Bank of America began coverage on shares of Physicians Realty Trust in a research note on Monday, October 14th. They issued a “neutral” rating for the company. Berenberg Bank began 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 objective for the company. ValuEngine cut shares of Physicians Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. TheStreet cut shares of Physicians Realty Trust from a “b-” rating to a “c+” rating in a research note on Friday, August 9th. Finally, Morgan Stanley dropped 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 note on Tuesday, September 17th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $18.20.

Shares of Physicians Realty Trust stock opened at $18.04 on Friday. Physicians Realty Trust has a twelve month low of $15.18 and a twelve month high of $19.16. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.66. The company has a 50-day simple moving average of $17.60 and a two-hundred day simple moving average of $17.76. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 16.70 and a beta of 0.42.

Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.22). Physicians Realty Trust had a return on equity of 2.11% and a net margin of 12.61%. The business had revenue of $94.90 million during the quarter, compared to analyst estimates of $105.92 million. During the same quarter last year, the firm earned $0.28 EPS. Physicians Realty Trust’s revenue for the quarter was down 11.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Physicians Realty Trust will post 0.99 earnings per share for the current fiscal year.

In other news, VP Bradley D. Page bought 4,330 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $17.27 per share, for a total transaction of $74,779.10. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John T. Thomas sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $17.50, for a total transaction of $87,500.00. The disclosure for this sale can be found here. Insiders sold a total of 15,000 shares of company stock valued at $262,750 over the last 90 days. Corporate insiders own 0.62% of the company’s stock.

Several large investors have recently modified their holdings of the company. James Investment Research Inc. acquired a new position in Physicians Realty Trust during the 2nd quarter worth approximately $26,000. Point72 Asset Management L.P. acquired a new position in Physicians Realty Trust during the 2nd quarter worth approximately $44,000. C M Bidwell & Associates Ltd. acquired a new position in Physicians Realty Trust during the 2nd quarter worth approximately $55,000. Optimum Investment Advisors increased its position in Physicians Realty Trust by 280.0% during the 2nd quarter. Optimum Investment Advisors now owns 3,800 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 2,800 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in Physicians Realty Trust during the 2nd quarter worth approximately $70,000. Institutional investors own 94.34% of the company’s stock.

Physicians Realty Trust Company Profile

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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