Physicians Realty Trust (DOC) Cut to “Equal Weight” at Capital One Financial

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Capital One Financial downgraded shares of Physicians Realty Trust (NYSE:DOC) from an overweight rating to an equal weight rating in a research report report published on Thursday, BenzingaRatingsTable reports. Capital One Financial currently has $18.75 price target on the real estate investment trust’s stock. Capital One Financial also issued estimates for Physicians Realty Trust’s Q2 2019 earnings at $0.26 EPS, FY2019 earnings at $1.07 EPS, Q1 2020 earnings at $0.27 EPS, Q2 2020 earnings at $0.27 EPS and FY2020 earnings at $1.10 EPS.

A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Physicians Realty Trust from a sell rating to a hold rating in a research note on Monday, April 22nd. Morgan Stanley set a $19.00 price objective on shares of Physicians Realty Trust and gave the company a hold rating in a research report on Thursday, March 28th. Finally, ValuEngine upgraded shares of Physicians Realty Trust from a hold rating to a buy rating in a research report on Friday, February 8th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $18.19.

NYSE DOC traded up $0.34 on Thursday, reaching $18.35. 893,625 shares of the stock were exchanged, compared to its average volume of 1,289,447. Physicians Realty Trust has a one year low of $14.41 and a one year high of $19.16. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 16.99 and a beta of 0.59. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63.

Physicians Realty Trust (NYSE:DOC) last released its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Physicians Realty Trust had a return on equity of 2.26% and a net margin of 13.31%. The firm had revenue of $105.40 million for the quarter, compared to the consensus estimate of $104.27 million. During the same quarter in the previous year, the business posted $0.26 EPS. Physicians Realty Trust’s revenue was up .2% on a year-over-year basis. Sell-side analysts forecast that Physicians Realty Trust will post 1.08 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Wednesday, April 3rd were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 5.01%. The ex-dividend date was Tuesday, April 2nd. Physicians Realty Trust’s payout ratio is currently 85.19%.

Several institutional investors have recently added to or reduced their stakes in DOC. Bank of New York Mellon Corp raised its position in shares of Physicians Realty Trust by 0.5% during the third quarter. Bank of New York Mellon Corp now owns 1,708,391 shares of the real estate investment trust’s stock valued at $28,802,000 after buying an additional 8,341 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Physicians Realty Trust in the third quarter valued at $5,419,000. LPL Financial LLC purchased a new position in shares of Physicians Realty Trust in the third quarter valued at $489,000. TIAA CREF Investment Management LLC grew its holdings in shares of Physicians Realty Trust by 3.4% in the third quarter. TIAA CREF Investment Management LLC now owns 786,616 shares of the real estate investment trust’s stock valued at $13,262,000 after purchasing an additional 26,054 shares in the last quarter. Finally, B. Riley Wealth Management Inc. purchased a new position in shares of Physicians Realty Trust in the third quarter valued at $172,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Physicians Realty Trust Company Profile

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.

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Analyst Recommendations for Physicians Realty Trust (NYSE:DOC)

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