Physicians Realty Trust (DOC) Cut to “Sell” at Zacks Investment Research

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Zacks Investment Research cut shares of Physicians Realty Trust (NYSE:DOC) from a hold rating to a sell rating in a research report sent to investors on Monday morning, Zacks.com reports.

According to Zacks, “Physicians Realty Trust is a REIT. It is a self-managed healthcare real estate company engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company’s principal investments will include medical office buildings, outpatient treatment facilities, acute and post-acute care hospitals, as well as other real estate integral to healthcare providers. Physicians Realty Trust is based in Milwaukee, Wisconsin. “

Several other equities research analysts also recently weighed in on DOC. Morgan Stanley set a $19.00 target price on shares of Physicians Realty Trust and gave the stock a hold rating in a research note on Thursday, March 28th. BMO Capital Markets downgraded shares of Physicians Realty Trust from an outperform rating to a market perform rating and set a $17.45 price objective for the company. in a research report on Tuesday, May 7th. Capital One Financial downgraded shares of Physicians Realty Trust from an overweight rating to an equal weight rating and set a $18.75 price objective for the company. in a research report on Thursday, May 2nd. Finally, ValuEngine upgraded shares of Physicians Realty Trust from a hold rating to a buy rating in a research report on Friday, February 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $18.12.

Shares of DOC traded down $0.14 during mid-day trading on Monday, hitting $18.37. 3,996 shares of the company’s stock were exchanged, compared to its average volume of 1,041,211. Physicians Realty Trust has a fifty-two week low of $14.41 and a fifty-two week high of $19.16. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 17.09 and a beta of 0.59. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.53 and a current ratio of 1.53.

Physicians Realty Trust (NYSE:DOC) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). Physicians Realty Trust had a return on equity of 2.28% and a net margin of 13.34%. The business had revenue of $105.40 million for the quarter, compared to analyst estimates of $104.27 million. During the same quarter last year, the company posted $0.26 EPS. Physicians Realty Trust’s quarterly revenue was up .2% on a year-over-year basis. Equities research analysts forecast that Physicians Realty Trust will post 1.06 EPS for the current year.

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

A number of large investors have recently made changes to their positions in DOC. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Physicians Realty Trust during the 1st quarter valued at approximately $42,647,000. Norges Bank purchased a new position in shares of Physicians Realty Trust during the 4th quarter worth approximately $35,906,000. FIL Ltd purchased a new position in shares of Physicians Realty Trust during the 1st quarter worth approximately $20,691,000. Hudson Bay Capital Management LP purchased a new position in shares of Physicians Realty Trust during the 4th quarter worth approximately $11,808,000. Finally, Macquarie Group Ltd. increased its stake in shares of Physicians Realty Trust by 26.3% during the 1st quarter. Macquarie Group Ltd. now owns 2,574,220 shares of the real estate investment trust’s stock worth $48,421,000 after purchasing an additional 536,350 shares in the last quarter. Hedge funds and other institutional investors own 92.31% of the company’s stock.

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.

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