KeyCorp Lowers Physicians Realty Trust (DOC) Price Target to $17.00

Physicians Realty Trust (NYSE:DOC) had its target price reduced by KeyCorp from $20.00 to $17.00 in a research note published on Tuesday, Marketbeat reports. KeyCorp currently has a buy rating on the real estate investment trust’s stock. KeyCorp also issued estimates for Physicians Realty Trust’s FY2018 earnings at $1.10 EPS and FY2019 earnings at $1.12 EPS.

Several other research firms have also recently commented on DOC. Robert W. Baird restated an outperform rating and issued a $19.00 price target (down previously from $21.00) on shares of Physicians Realty Trust in a report on Friday, January 5th. SunTrust Banks set a $18.00 price target on Physicians Realty Trust and gave the company a hold rating in a report on Monday, January 22nd. Zacks Investment Research cut Physicians Realty Trust from a hold rating to a sell rating in a report on Tuesday, January 30th. Morgan Stanley lowered their price target on Physicians Realty Trust from $18.00 to $16.50 and set an equal weight rating for the company in a report on Tuesday, March 20th. Finally, Bank of America lowered their price target on Physicians Realty Trust from $19.50 to $18.00 and set a buy rating for the company in a report on Thursday, March 8th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $18.11.

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Physicians Realty Trust stock opened at $14.50 on Tuesday. The stock has a market cap of $2,764.54, a P/E ratio of 13.94, a P/E/G ratio of 3.18 and a beta of 0.46. Physicians Realty Trust has a 52 week low of $14.13 and a 52 week high of $21.85. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.32 and a quick ratio of 1.32.

Physicians Realty Trust (NYSE:DOC) last posted its quarterly earnings data on Wednesday, February 28th. The real estate investment trust reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. The firm had revenue of $97.30 million during the quarter, compared to analysts’ expectations of $98.56 million. Physicians Realty Trust had a return on equity of 1.63% and a net margin of 11.04%. The firm’s quarterly revenue was up 32.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. sell-side analysts forecast that Physicians Realty Trust will post 1.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 18th. Stockholders of record on Tuesday, April 3rd were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.34%. The ex-dividend date was Monday, April 2nd. Physicians Realty Trust’s payout ratio is currently 88.46%.

In other news, Director Tommy G. Thompson bought 13,650 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was acquired at an average price of $14.71 per share, for a total transaction of $200,791.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.51% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in Physicians Realty Trust by 0.8% during the 4th quarter. BlackRock Inc. now owns 16,452,920 shares of the real estate investment trust’s stock worth $295,988,000 after acquiring an additional 128,853 shares in the last quarter. PGGM Investments lifted its position in Physicians Realty Trust by 69.0% during the 4th quarter. PGGM Investments now owns 4,604,000 shares of the real estate investment trust’s stock worth $82,826,000 after acquiring an additional 1,880,000 shares in the last quarter. Brookfield Asset Management Inc. acquired a new position in Physicians Realty Trust during the 4th quarter worth approximately $70,764,000. Cbre Clarion Securities LLC acquired a new position in Physicians Realty Trust during the 4th quarter worth approximately $46,085,000. Finally, Dimensional Fund Advisors LP lifted its position in Physicians Realty Trust by 9.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,311,440 shares of the real estate investment trust’s stock worth $40,982,000 after acquiring an additional 190,140 shares in the last quarter. Institutional investors and hedge funds own 94.10% of the company’s stock.

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About Physicians Realty Trust

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

Analyst Recommendations for Physicians Realty Trust (NYSE:DOC)

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