Physicians Realty Trust (NYSE:DOC) Coverage Initiated at Wells Fargo & Company

Equities researchers at Wells Fargo & Company initiated coverage on shares of Physicians Realty Trust (NYSE:DOCGet Free Report) in a research note issued on Monday, Marketbeat reports. The firm set an “equal weight” rating and a $19.00 price target on the real estate investment trust’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 8.32% from the company’s current price.

Several other analysts have also commented on the stock. StockNews.com lowered shares of Physicians Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 16th. Truist Financial decreased their price target on shares of Physicians Realty Trust from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Friday, December 22nd. KeyCorp reissued a “sector weight” rating on shares of Physicians Realty Trust in a research report on Friday, January 5th. Royal Bank of Canada began coverage on shares of Physicians Realty Trust in a report on Friday, March 8th. They set an “outperform” rating and a $21.00 price objective on the stock. Finally, Compass Point cut their price objective on shares of Physicians Realty Trust from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Physicians Realty Trust presently has an average rating of “Hold” and an average price target of $16.44.

View Our Latest Stock Analysis on Physicians Realty Trust

Physicians Realty Trust Stock Down 1.6 %

NYSE:DOC opened at $17.54 on Monday. Physicians Realty Trust has a 1-year low of $15.24 and a 1-year high of $22.38. The company has a 50-day moving average of $13.66 and a 200 day moving average of $12.71. The firm has a market cap of $12.45 billion, a PE ratio of 31.32 and a beta of 1.01. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.67 and a quick ratio of 0.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. purchased a new position in shares of Physicians Realty Trust during the 1st quarter valued at approximately $27,000. Parallel Advisors LLC increased its position in shares of Physicians Realty Trust by 274.6% during the 4th quarter. Parallel Advisors LLC now owns 4,072 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 2,985 shares during the last quarter. Benjamin Edwards Inc. increased its position in shares of Physicians Realty Trust by 99.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 5,237 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 2,614 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Physicians Realty Trust by 42.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,750 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 1,712 shares in the last quarter. Finally, Worth Asset Management LLC acquired a new position in Physicians Realty Trust in the 1st quarter valued at about $102,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

About Physicians Realty Trust

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Physicians Realty Trust (NYSE:DOC)

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