Arizona State Retirement System Increases Stock Holdings in Physicians Realty Trust (NYSE:DOC)

Arizona State Retirement System lifted its stake in Physicians Realty Trust (NYSE:DOCGet Rating) by 1.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,548 shares of the real estate investment trust’s stock after purchasing an additional 1,034 shares during the quarter. Arizona State Retirement System’s holdings in Physicians Realty Trust were worth $1,044,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Boston Trust Walden Corp boosted its holdings in shares of Physicians Realty Trust by 102.0% in 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 period. Schroder Investment Management Group boosted its holdings in shares of 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 worth $1,330,000 after purchasing an additional 5,305 shares during the period. Yousif Capital Management LLC bought a new stake in shares of Physicians Realty Trust during the 4th quarter worth approximately $2,035,000. Park Avenue Securities LLC lifted its stake in shares of Physicians Realty Trust by 4.1% during the 1st quarter. Park Avenue Securities LLC now owns 19,293 shares of the real estate investment trust’s stock worth $338,000 after acquiring an additional 761 shares during the last quarter. Finally, Clean Yield Group lifted its stake in shares of Physicians Realty Trust by 16.4% during the 1st quarter. Clean Yield Group now owns 405,947 shares of the real estate investment trust’s stock worth $7,120,000 after acquiring an additional 57,280 shares during the last quarter. Hedge funds and other institutional investors own 87.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. StockNews.com lowered Physicians Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, May 24th. Morgan Stanley decreased their price target on Physicians Realty Trust from $17.50 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, July 15th. Bank of America lowered Physicians Realty Trust from a “neutral” rating to an “underperform” rating and set a $18.00 price target for the company. in a research note on Thursday, May 19th. Capital One Financial initiated coverage on Physicians Realty Trust in a research report on Friday, June 3rd. They set an “equal weight” rating and a $20.00 target price for the company. Finally, Truist Financial decreased their target price on Physicians Realty Trust from $18.00 to $17.00 and set a “hold” rating for the company in a research report on Monday, July 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $18.80.

Physicians Realty Trust Trading Down 1.3 %

DOC opened at $17.54 on Wednesday. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 48.72, a PEG ratio of 2.84 and a beta of 0.79. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.64. Physicians Realty Trust has a 12 month low of $16.07 and a 12 month high of $19.30. The stock has a fifty day moving average price of $17.39 and a 200-day moving average price of $17.43.

Physicians Realty Trust (NYSE:DOCGet Rating) last announced its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.22). The business had revenue of $130.39 million for the quarter, compared to analysts’ expectations of $126.51 million. Physicians Realty Trust had a return on equity of 2.78% and a net margin of 16.82%. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share. As a group, equities research analysts anticipate that Physicians Realty Trust will post 1.07 earnings per share for the current fiscal year.

Physicians Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 19th. Shareholders of record on Tuesday, July 5th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, July 1st. This represents a $0.92 annualized dividend and a yield of 5.25%. Physicians Realty Trust’s payout ratio is presently 255.56%.

Insider Buying and Selling at Physicians Realty Trust

In other news, Director Pamela Shelley-Kessler purchased 3,000 shares of the company’s stock in a transaction on Tuesday, June 14th. The shares were acquired at an average price of $16.81 per share, for a total transaction of $50,430.00. Following the purchase, the director now owns 3,000 shares in the company, valued at $50,430. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.89% of the company’s stock.

Physicians Realty Trust Company Profile

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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

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Institutional Ownership by Quarter for Physicians Realty Trust (NYSE:DOC)

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