Principal Financial Group Inc. Boosts Stock Position in Physicians Realty Trust (NYSE:DOC)

Principal Financial Group Inc. boosted its holdings in Physicians Realty Trust (NYSE:DOC – Get Rating) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 906,952 shares of the real estate investment trust’s stock after buying an additional 7,637 shares during the quarter. Principal Financial Group Inc.’s holdings in Physicians Realty Trust were worth $13,124,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Ronald Blue Trust Inc. increased its holdings in Physicians Realty Trust by 79.0% in the fourth quarter. Ronald Blue Trust Inc. now owns 1,813 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 800 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Physicians Realty Trust by 87.9% in the third quarter. Quadrant Capital Group LLC now owns 3,072 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 1,437 shares during the last quarter. Worth Asset Management LLC acquired a new position in Physicians Realty Trust in the first quarter valued at $102,000. Wedbush Securities Inc. acquired a new position in Physicians Realty Trust in the fourth quarter valued at $147,000. Finally, EHP Funds Inc. acquired a new position in Physicians Realty Trust in the third quarter valued at $153,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on DOC. Credit Suisse Group restated a “neutral” rating and issued a $15.00 price objective on shares of Physicians Realty Trust in a research note on Wednesday, March 29th. Barclays decreased their price objective on shares of Physicians Realty Trust from $18.00 to $17.00 in a research note on Friday, May 5th. Compass Point decreased their price objective on shares of Physicians Realty Trust from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, March 27th. Royal Bank of Canada decreased their target price on shares of Physicians Realty Trust from $16.00 to $15.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 28th. Finally, Wells Fargo & Company began coverage on shares of Physicians Realty Trust in a research note on Wednesday, April 19th. They set an “underweight” rating and a $14.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Physicians Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $17.19.

Physicians Realty Trust Trading Down 2.8 %

NYSE DOC opened at $13.69 on Thursday. The stock has a market capitalization of $3.26 billion, a P/E ratio of 31.11, a P/E/G ratio of 2.46 and a beta of 0.83. Physicians Realty Trust has a 52-week low of $13.42 and a 52-week high of $18.83. The firm has a 50-day moving average price of $14.39 and a 200 day moving average price of $14.75. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.58.

Physicians Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 18th. Investors of record on Tuesday, April 4th were issued a dividend of $0.23 per share. The ex-dividend date was Monday, April 3rd. This represents a $0.92 annualized dividend and a yield of 6.72%. Physicians Realty Trust’s dividend payout ratio is currently 209.10%.

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.