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 research note 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 price objective would indicate a potential upside of 10.06% from the company’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. “

DOC has been the subject of several other research reports. B. Riley reissued a “buy” rating on shares of Physicians Realty Trust in a research report on Friday, November 8th. Stifel Nicolaus raised shares of Physicians Realty Trust from a “hold” rating to a “buy” rating and raised their price objective for the stock from $19.00 to $21.00 in a report on Tuesday, November 26th. 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 report on Tuesday, September 17th. Bank of America began coverage on shares of Physicians Realty Trust in a report on Monday, October 14th. They set a “neutral” rating for the company. Finally, TheStreet raised shares of Physicians Realty Trust from a “c+” rating to a “b-” rating in a report on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.89.

NYSE:DOC traded up $0.02 during mid-day 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. Physicians Realty Trust has a fifty-two week low of $15.18 and a fifty-two week high of $19.34. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 17.67, a P/E/G ratio of 15.25 and a beta of 0.41. The stock has a fifty day moving average of $18.41 and a 200-day moving average of $17.83.

Physicians Realty Trust (NYSE:DOC) last posted 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 Thomson Reuters’ consensus estimate of $0.26 by ($0.18). Physicians Realty Trust had a return on equity of 1.79% and a net margin of 10.61%. The business had revenue of $107.59 million during the quarter, compared to analyst estimates of $105.01 million. During the same period last year, the company earned $0.28 EPS. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities analysts anticipate that Physicians Realty Trust will post 1 earnings per share for the current fiscal year.

In related news, insider John W. Lucey purchased 2,900 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were acquired at an average cost of $17.96 per share, with a total value of $52,084.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John T. Thomas sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $17.55, for a total transaction of $87,750.00. Following the sale, the chief executive officer now directly owns 300,259 shares in the company, valued at $5,269,545.45. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 11,933 shares of company stock valued at $212,355 and have sold 15,000 shares valued at $275,850. Company insiders own 0.62% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC bought a new stake in shares of Physicians Realty Trust during the third quarter valued at approximately $3,353,000. Squarepoint Ops LLC bought a new stake in shares of Physicians Realty Trust during the third quarter valued at approximately $653,000. Voloridge Investment Management LLC bought a new stake in shares of Physicians Realty Trust during the third quarter valued at approximately $1,355,000. Public Employees Retirement System of Ohio grew its stake in shares of Physicians Realty Trust by 47.2% during the third quarter. Public Employees Retirement System of Ohio now owns 1,874 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 601 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of Physicians Realty Trust by 1.2% during the third quarter. California State Teachers Retirement System now owns 289,415 shares of the real estate investment trust’s stock valued at $5,137,000 after purchasing an additional 3,457 shares during the last quarter. 90.68% of the stock is currently owned by institutional investors and hedge funds.

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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