Cambria Investment Management L.P. Makes New Investment in Physicians Realty Trust (NYSE:DOC)

Cambria Investment Management L.P. purchased a new position in Physicians Realty Trust (NYSE:DOC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,126 shares of the real estate investment trust’s stock, valued at approximately $254,000.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Physicians Realty Trust by 5.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,569,322 shares of the real estate investment trust’s stock worth $49,935,000 after purchasing an additional 191,511 shares during the period. Citigroup Inc. boosted its position in Physicians Realty Trust by 2.3% in the second quarter. Citigroup Inc. now owns 110,777 shares of the real estate investment trust’s stock valued at $1,550,000 after buying an additional 2,451 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Physicians Realty Trust by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,382,994 shares of the real estate investment trust’s stock valued at $47,328,000 after buying an additional 115,243 shares during the last quarter. Meridian Investment Counsel Inc. boosted its position in Physicians Realty Trust by 15.8% in the second quarter. Meridian Investment Counsel Inc. now owns 147,025 shares of the real estate investment trust’s stock valued at $2,057,000 after buying an additional 20,100 shares during the last quarter. Finally, AGF Management Ltd. boosted its position in Physicians Realty Trust by 10.6% in the second quarter. AGF Management Ltd. now owns 255,258 shares of the real estate investment trust’s stock valued at $3,571,000 after buying an additional 24,480 shares during the last quarter. Institutional investors and hedge funds own 95.51% of the company’s stock.

Analyst Ratings Changes

DOC has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on Physicians Realty Trust from $14.00 to $15.00 and gave the company an “underweight” rating in a research report on Monday, August 7th. Truist Financial reissued a “hold” rating and issued a $15.00 price target on shares of Physicians Realty Trust in a report on Wednesday, August 16th. StockNews.com started coverage on Physicians Realty Trust in a report on Thursday. They issued a “hold” rating for the company. Finally, Citigroup decreased their price target on Physicians Realty Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.70.

Physicians Realty Trust Stock Down 1.4 %

NYSE DOC opened at $11.20 on Friday. The business has a fifty day moving average price of $11.82 and a 200 day moving average price of $13.34. Physicians Realty Trust has a one year low of $10.52 and a one year high of $16.34. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.85 and a current ratio of 2.85. The company has a market cap of $2.67 billion, a P/E ratio of 58.95, a P/E/G ratio of 1.67 and a beta of 0.90.

Physicians Realty Trust (NYSE:DOC) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.20). Physicians Realty Trust had a net margin of 8.60% and a return on equity of 1.56%. The firm had revenue of $138.50 million during the quarter, compared to analyst estimates of $133.31 million. During the same period in the prior year, the company posted $0.26 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. Research analysts anticipate that Physicians Realty Trust will post 1 EPS for the current fiscal year.

Physicians Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Tuesday, October 3rd were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.21%. The ex-dividend date was Monday, October 2nd. Physicians Realty Trust’s payout ratio is currently 484.24%.

Insider Buying and Selling at Physicians Realty Trust

In related news, Director Albert Black, Jr. bought 2,264 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was bought at an average cost of $13.26 per share, for a total transaction of $30,020.64. Following the acquisition, the director now directly owns 101,472 shares in the company, valued at $1,345,518.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Laurie P. Becker sold 22,322 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $13.47, for a total transaction of $300,677.34. Following the completion of the transaction, the senior vice president now directly owns 55,776 shares in the company, valued at approximately $751,302.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Albert Black, Jr. purchased 2,264 shares of the stock in a transaction dated Tuesday, September 12th. The shares were acquired at an average price of $13.26 per share, with a total value of $30,020.64. Following the completion of the acquisition, the director now owns 101,472 shares in the company, valued at approximately $1,345,518.72. The disclosure for this purchase can be found here. 0.79% of the stock is owned by company insiders.

About Physicians Realty Trust

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.