Nicholas Investment Partners LP purchased a new stake in shares of Physicians Realty Trust (NYSE:DOC) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 86,988 shares of the real estate investment trust’s stock, valued at approximately $1,542,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Physicians Realty Trust by 12.8% in the second quarter. Vanguard Group Inc. now owns 26,712,583 shares of the real estate investment trust’s stock worth $537,992,000 after acquiring an additional 3,033,019 shares during the period. BlackRock Inc. raised its position in Physicians Realty Trust by 1.9% in the second quarter. BlackRock Inc. now owns 14,519,268 shares of the real estate investment trust’s stock worth $292,418,000 after acquiring an additional 271,896 shares during the period. Principal Financial Group Inc. raised its position in Physicians Realty Trust by 2.9% in the third quarter. Principal Financial Group Inc. now owns 8,975,689 shares of the real estate investment trust’s stock worth $159,139,000 after acquiring an additional 250,054 shares during the period. Lord Abbett & CO. LLC raised its position in Physicians Realty Trust by 2.1% in the second quarter. Lord Abbett & CO. LLC now owns 3,777,212 shares of the real estate investment trust’s stock worth $76,073,000 after acquiring an additional 79,439 shares during the period. Finally, Northern Trust Corp raised its position in Physicians Realty Trust by 48.2% in the second quarter. Northern Trust Corp now owns 3,568,761 shares of the real estate investment trust’s stock worth $71,875,000 after acquiring an additional 1,160,704 shares during the period. 93.44% of the stock is currently owned by institutional investors.
Several analysts have commented on the stock. Cantor Fitzgerald lifted their price objective on shares of Physicians Realty Trust from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 7th. Capital One Financial assumed coverage on shares of Physicians Realty Trust in a research report on Monday, September 25th. They issued an “equal weight” rating and a $19.50 price objective on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Physicians Realty Trust in a research report on Wednesday, September 13th. KeyCorp raised shares of Physicians Realty Trust from a “sector weight” rating to an “overweight” rating in a research report on Thursday, October 12th. Finally, B. Riley reiterated a “buy” rating on shares of Physicians Realty Trust in a research note on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Physicians Realty Trust presently has a consensus rating of “Buy” and a consensus price target of $20.41.
Physicians Realty Trust (DOC) traded down $0.03 on Friday, hitting $17.99. 1,662,990 shares of the stock traded hands, compared to its average volume of 1,527,929. The stock has a market capitalization of $3,229.52, a P/E ratio of 78.22, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.59 and a quick ratio of 1.59. Physicians Realty Trust has a 52-week low of $17.25 and a 52-week high of $21.85.
Physicians Realty Trust (NYSE:DOC) last posted its earnings results on Friday, November 3rd. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). The business had revenue of $93.00 million during the quarter, compared to analysts’ expectations of $90.21 million. Physicians Realty Trust had a return on equity of 1.70% and a net margin of 11.39%. Physicians Realty Trust’s revenue for the quarter was up 32.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 EPS. research analysts expect that Physicians Realty Trust will post 1.05 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Wednesday, January 3rd will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.92 annualized dividend and a yield of 5.11%. Physicians Realty Trust’s dividend payout ratio is currently 400.02%.
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Physicians Realty Trust Company Profile
Physicians Realty Trust (the Trust) is a real estate investment trust. Physicians Realty L.P. is the operating partnership of the Trust. The Trust and its operating partnership are engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems.
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