Q1 2023 EPS Estimates for Physicians Realty Trust Decreased by Jefferies Financial Group (NYSE:DOC)

Physicians Realty Trust (NYSE:DOC – Get Rating) – Jefferies Financial Group reduced their Q1 2023 earnings per share estimates for Physicians Realty Trust in a research note issued on Monday, March 6th. Jefferies Financial Group analyst J. Petersen now expects that the real estate investment trust will post earnings per share of $0.25 for the quarter, down from their prior forecast of $0.26. The consensus estimate for Physicians Realty Trust’s current full-year earnings is $1.03 per share. Jefferies Financial Group also issued estimates for Physicians Realty Trust’s FY2023 earnings at $1.03 EPS, Q1 2024 earnings at $0.26 EPS, FY2024 earnings at $1.06 EPS, FY2025 earnings at $1.07 EPS and FY2026 earnings at $1.08 EPS.

Several other brokerages have also commented on DOC. StockNews.com lowered Physicians Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday. Royal Bank of Canada lowered their price objective on Physicians Realty Trust from $16.00 to $15.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 28th. Finally, KeyCorp raised Physicians Realty Trust from a “sector weight” rating to an “overweight” rating and set a $17.00 price target for the company in a research report on Wednesday, December 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.86.

Physicians Realty Trust Stock Performance

Shares of Physicians Realty Trust stock opened at $14.96 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $3.56 billion, a P/E ratio of 32.52, a P/E/G ratio of 2.61 and a beta of 0.82. The business has a fifty day simple moving average of $15.24 and a two-hundred day simple moving average of $15.16. Physicians Realty Trust has a 12 month low of $13.42 and a 12 month high of $18.83.

Physicians Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 18th. Investors of record on Wednesday, January 4th were issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, January 3rd. This represents a $0.92 annualized dividend and a yield of 6.15%. Physicians Realty Trust’s payout ratio is 200.00%.

Insider Buying and Selling

In other Physicians Realty Trust news, Director Tommy G. Thompson acquired 17,760 shares of Physicians Realty Trust stock in a transaction that occurred on Tuesday, December 13th. The stock was bought at an average cost of $15.16 per share, for a total transaction of $269,241.60. Following the acquisition, the director now owns 19,060 shares of the company’s stock, valued at $288,949.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.89% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Physicians Realty Trust

A number of large investors have recently made changes to their positions in DOC. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Physicians Realty Trust by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 80,734 shares of the real estate investment trust’s stock valued at $1,416,000 after purchasing an additional 7,698 shares during the period. Great West Life Assurance Co. Can grew its stake in shares of Physicians Realty Trust by 7.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 181,899 shares of the real estate investment trust’s stock valued at $3,317,000 after purchasing an additional 13,307 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Physicians Realty Trust by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,118,102 shares of the real estate investment trust’s stock valued at $54,693,000 after purchasing an additional 15,264 shares during the period. Sei Investments Co. grew its stake in shares of Physicians Realty Trust by 67.4% during the 1st quarter. Sei Investments Co. now owns 139,127 shares of the real estate investment trust’s stock valued at $2,443,000 after purchasing an additional 56,006 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of Physicians Realty Trust by 77.4% during the 1st quarter. Cetera Investment Advisers now owns 17,778 shares of the real estate investment trust’s stock valued at $312,000 after purchasing an additional 7,754 shares during the period. 91.28% of the stock is currently owned by institutional investors.

About Physicians Realty Trust

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Physicians Realty Trust is a real estate investment trust, which engages in the acquisition, development, owning, and managing of healthcare properties. Its principal investments include medical office buildings, outpatient treatment facilities, acute and post-acute care hospitals, as well as other real estate integral to healthcare providers.