Physicians Realty Trust (NYSE:DOC) Reaches New 12-Month Low at $13.23

Physicians Realty Trust (NYSE:DOC)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $13.23 and last traded at $13.28, with a volume of 173114 shares changing hands. The stock had previously closed at $13.28.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Morgan Stanley reiterated an “equal weight” rating and set a $14.50 target price on shares of Physicians Realty Trust in a report 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 stock an “underweight” rating in a research report on Monday, August 7th. JMP Securities assumed coverage on shares of Physicians Realty Trust in a report on Friday, May 26th. They set an “outperform” rating and a $15.50 price target for the company. Citigroup decreased their price objective on shares of Physicians Realty Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, August 22nd. Finally, Truist Financial reaffirmed a “hold” rating and set a $15.00 target price on shares of Physicians Realty Trust in a research report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Physicians Realty Trust currently has an average rating of “Hold” and an average target price of $15.82.

Physicians Realty Trust Price Performance

The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.51 and a current ratio of 3.51. The stock has a market cap of $3.17 billion, a PE ratio of 31.62, a PEG ratio of 1.34 and a beta of 0.83. The stock has a 50 day moving average of $14.16 and a two-hundred day moving average of $14.28.

Institutional Investors Weigh In On Physicians Realty Trust

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its position in Physicians Realty Trust by 527.0% during the second quarter. Goldman Sachs Group Inc. now owns 3,889,863 shares of the real estate investment trust’s stock valued at $67,878,000 after purchasing an additional 3,269,484 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Physicians Realty Trust in the fourth quarter worth $34,988,000. Norges Bank acquired a new position in Physicians Realty Trust in the 4th quarter valued at $27,734,000. JPMorgan Chase & Co. raised its holdings in Physicians Realty Trust by 88.2% in the 1st quarter. JPMorgan Chase & Co. now owns 3,572,415 shares of the real estate investment trust’s stock worth $53,336,000 after acquiring an additional 1,674,012 shares during the period. Finally, State Street Corp lifted its position in Physicians Realty Trust by 16.3% during the 1st quarter. State Street Corp now owns 11,341,180 shares of the real estate investment trust’s stock worth $201,488,000 after acquiring an additional 1,591,038 shares during the last quarter. Institutional investors and hedge funds own 95.51% of the company’s stock.

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.