Physicians Realty Trust (DOC) Upgraded to Hold by Zacks Investment Research

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Zacks Investment Research upgraded shares of Physicians Realty Trust (NYSE:DOC) from a sell rating to a hold rating in a research report sent to investors on Monday, 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 topic of several other research reports. ValuEngine raised Physicians Realty Trust from a hold rating to a buy rating in a research report on Friday, February 8th. Morgan Stanley set a $19.00 target price on Physicians Realty Trust and gave the company a hold rating in a research report on Thursday, March 28th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Physicians Realty Trust presently has an average rating of Buy and a consensus price target of $18.00.

NYSE:DOC opened at $18.38 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 16.88 and a beta of 0.62. Physicians Realty Trust has a 12-month low of $14.34 and a 12-month high of $19.16.

Physicians Realty Trust (NYSE:DOC) last released its quarterly earnings data on Wednesday, February 27th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Physicians Realty Trust had a net margin of 13.31% and a return on equity of 2.26%. The business had revenue of $105.31 million during the quarter, compared to the consensus estimate of $104.75 million. During the same quarter in the prior year, the company earned $0.27 EPS. Physicians Realty Trust’s quarterly revenue was up 8.2% on a year-over-year basis. Equities research analysts predict that Physicians Realty Trust will post 1.08 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Wednesday, April 3rd will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend is Tuesday, April 2nd. Physicians Realty Trust’s dividend payout ratio is currently 85.19%.

A number of large investors have recently modified their holdings of DOC. Vanguard Group Inc. boosted its holdings in shares of Physicians Realty Trust by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 26,267,178 shares of the real estate investment trust’s stock valued at $442,864,000 after purchasing an additional 489,769 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of Physicians Realty Trust by 1.9% in the 3rd quarter. Vanguard Group Inc now owns 26,267,178 shares of the real estate investment trust’s stock valued at $442,864,000 after purchasing an additional 489,769 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Physicians Realty Trust by 1.0% in the 4th quarter. BlackRock Inc. now owns 18,073,633 shares of the real estate investment trust’s stock valued at $289,719,000 after purchasing an additional 185,276 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Physicians Realty Trust by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,866,556 shares of the real estate investment trust’s stock valued at $45,951,000 after purchasing an additional 48,183 shares in the last quarter. Finally, Standard Life Aberdeen plc boosted its holdings in shares of Physicians Realty Trust by 37.5% in the 3rd quarter. Standard Life Aberdeen plc now owns 2,385,603 shares of the real estate investment trust’s stock valued at $40,233,000 after purchasing an additional 651,019 shares in the last quarter. 93.66% of the stock is currently owned by institutional investors and hedge funds.

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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