Physicians Realty Trust (NYSE:DOC) Downgraded by Zacks Investment Research to “Sell”


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Zacks Investment Research cut shares of Physicians Realty Trust (NYSE:DOC) from a hold rating to a sell rating in a report published on Wednesday, 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. “

A number of other analysts have also recently weighed in on the stock. BidaskClub cut shares of Physicians Realty Trust from a sell rating to a strong sell rating in a research note on Wednesday, January 6th. B. Riley reissued a buy rating on shares of Physicians Realty Trust in a research report on Wednesday, November 11th. Jefferies Financial Group raised Physicians Realty Trust from a hold rating to a buy rating and upped their price target for the company from $18.00 to $20.00 in a report on Wednesday. Morgan Stanley lifted their price objective on Physicians Realty Trust from $14.00 to $16.00 and gave the stock an equal weight rating in a report on Friday, December 11th. Finally, ValuEngine lowered Physicians Realty Trust from a hold rating to a sell rating in a research note on Saturday, October 17th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Physicians Realty Trust presently has an average rating of Hold and a consensus target price of $19.83.

NYSE DOC opened at $17.69 on Wednesday. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 40.21, a price-to-earnings-growth ratio of 2.68 and a beta of 0.76. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.93 and a quick ratio of 1.93. The company has a 50 day simple moving average of $17.65 and a 200-day simple moving average of $17.81. Physicians Realty Trust has a 52-week low of $11.01 and a 52-week high of $20.78.

Physicians Realty Trust (NYSE:DOC) last posted its quarterly earnings results on Friday, November 6th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.19). Physicians Realty Trust had a return on equity of 3.37% and a net margin of 20.65%. The company had revenue of $109.60 million during the quarter, compared to analyst estimates of $108.84 million. During the same period last year, the company posted $0.27 earnings per share. The company’s revenue was up 1.9% compared to the same quarter last year. On average, analysts predict that Physicians Realty Trust will post 1.05 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 20th. Stockholders of record on Tuesday, January 5th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, January 4th. This represents a $0.92 annualized dividend and a dividend yield of 5.20%. Physicians Realty Trust’s dividend payout ratio (DPR) is currently 92.93%.

A number of large investors have recently bought and sold shares of DOC. First Trust Advisors LP raised its position in shares of Physicians Realty Trust by 153.1% during the first quarter. First Trust Advisors LP now owns 229,306 shares of the real estate investment trust’s stock worth $4,313,000 after acquiring an additional 138,703 shares during the last quarter. Federated Hermes Inc. grew its position in shares of Physicians Realty Trust by 373.2% in the 2nd quarter. Federated Hermes Inc. now owns 69,913 shares of the real estate investment trust’s stock valued at $1,224,000 after purchasing an additional 55,140 shares during the period. Stifel Financial Corp raised its holdings in Physicians Realty Trust by 13.6% during the 2nd quarter. Stifel Financial Corp now owns 190,457 shares of the real estate investment trust’s stock worth $3,337,000 after buying an additional 22,730 shares during the period. Bank of America Corp DE lifted its position in Physicians Realty Trust by 22.1% in the 2nd quarter. Bank of America Corp DE now owns 1,699,438 shares of the real estate investment trust’s stock valued at $29,775,000 after acquiring an additional 307,290 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Physicians Realty Trust in the second quarter worth $939,000. 83.76% of the stock is currently owned by hedge funds and other institutional investors.

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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