Norinchukin Bank The Takes Position in Physicians Realty Trust (NYSE:DOC)

Norinchukin Bank The purchased a new position in shares of Physicians Realty Trust (NYSE:DOC) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,871 shares of the real estate investment trust’s stock, valued at approximately $162,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. raised its position in Physicians Realty Trust by 1.1% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 64,154 shares of the real estate investment trust’s stock worth $928,000 after buying an additional 689 shares during the last quarter. Carret Asset Management LLC increased its stake in shares of Physicians Realty Trust by 1.1% during the first quarter. Carret Asset Management LLC now owns 66,710 shares of the real estate investment trust’s stock worth $996,000 after acquiring an additional 700 shares during the period. Tower Research Capital LLC TRC raised its holdings in Physicians Realty Trust by 8.4% during the first quarter. Tower Research Capital LLC TRC now owns 9,167 shares of the real estate investment trust’s stock worth $137,000 after purchasing an additional 711 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Physicians Realty Trust by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 66,896 shares of the real estate investment trust’s stock valued at $999,000 after purchasing an additional 724 shares during the period. Finally, Cibc World Markets Corp lifted its position in Physicians Realty Trust by 1.0% in the first quarter. Cibc World Markets Corp now owns 74,162 shares of the real estate investment trust’s stock valued at $1,107,000 after purchasing an additional 738 shares during the period. 95.51% of the stock is currently owned by hedge funds and other institutional investors.

Physicians Realty Trust Stock Performance

Shares of Physicians Realty Trust stock opened at $13.39 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.51 and a current ratio of 3.51. Physicians Realty Trust has a 1 year low of $13.23 and a 1 year high of $17.39. The firm’s 50-day simple moving average is $14.20 and its 200-day simple moving average is $14.32. The firm has a market cap of $3.19 billion, a PE ratio of 31.88, a price-to-earnings-growth ratio of 1.34 and a beta of 0.83.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DOC. JMP Securities started coverage on Physicians Realty Trust in a research note on Friday, May 26th. They set an “outperform” rating and a $15.50 target price for the company. Citigroup lowered their price objective on shares of Physicians Realty Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 22nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $14.50 price target on shares of Physicians Realty Trust in a research note on Thursday, July 20th. Wells Fargo & Company boosted their target price on shares of Physicians Realty Trust from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Monday, August 7th. Finally, Truist Financial restated a “hold” rating and issued a $15.00 price objective on shares of Physicians Realty Trust in a report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.82.

Physicians Realty Trust Company Profile

Physicians Realty Trust is a self-managed health care real estate company organized to acquire, selectively develop, own, and manage health care properties that are leased to physicians, hospitals, and health care delivery systems. The Company invests in real estate that is integral to providing high quality health care.