Physicians Realty Trust (NYSE:DOC – Get Rating) announced a quarterly dividend on Friday, September 23rd, Zacks reports. Shareholders of record on Tuesday, October 4th will be paid a dividend of 0.23 per share by the real estate investment trust on Friday, October 14th. This represents a $0.92 annualized dividend and a yield of 5.95%. The ex-dividend date of this dividend is Monday, October 3rd.
Physicians Realty Trust has a payout ratio of 340.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Physicians Realty Trust to earn $1.08 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 85.2%.
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Physicians Realty Trust Stock Performance
DOC stock traded down $0.12 during mid-day trading on Friday, hitting $15.47. 1,504,966 shares of the company were exchanged, compared to its average volume of 1,210,362. The business has a 50 day simple moving average of $17.07 and a 200-day simple moving average of $17.33. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $3.50 billion, a PE ratio of 44.20, a price-to-earnings-growth ratio of 2.64 and a beta of 0.80. Physicians Realty Trust has a 1-year low of $15.32 and a 1-year high of $19.30.
Insider Activity at Physicians Realty Trust
In related news, CEO John T. Thomas sold 10,000 shares of the business's stock in a transaction on Monday, August 15th. The shares were sold at an average price of $18.15, for a total value of $181,500.00. Following the transaction, the chief executive officer now owns 499,801 shares in the company, valued at $9,071,388.15. The transaction was disclosed in a document filed with the SEC, which is available through
this link. In other news, SVP Bradley D. Page sold 4,330 shares of the company's stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $18.12, for a total transaction of $78,459.60. Following the transaction, the senior vice president now owns 35,200 shares in the company, valued at $637,824. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through
the SEC website. Also, CEO John T. Thomas sold 10,000 shares of the company's stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $18.15, for a total transaction of $181,500.00. Following the transaction, the chief executive officer now owns 499,801 shares in the company, valued at approximately $9,071,388.15. The disclosure for this sale can be found
here. Insiders have sold a total of 34,330 shares of company stock worth $617,560 over the last quarter. Company insiders own 0.79% of the company's stock.
Hedge Funds Weigh In On Physicians Realty Trust
Several institutional investors have recently made changes to their positions in the stock. Worth Asset Management LLC acquired a new stake in shares of Physicians Realty Trust in the 1st quarter worth about $102,000. FMR LLC raised its holdings in shares of Physicians Realty Trust by 26.6% in the 2nd quarter. FMR LLC now owns 10,525 shares of the real estate investment trust's stock worth $185,000 after acquiring an additional 2,214 shares during the last quarter. Penserra Capital Management LLC raised its holdings in shares of Physicians Realty Trust by 28.8% in the 1st quarter. Penserra Capital Management LLC now owns 16,085 shares of the real estate investment trust's stock worth $282,000 after acquiring an additional 3,600 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Physicians Realty Trust by 77.4% in the 1st quarter. Cetera Investment Advisers now owns 17,778 shares of the real estate investment trust's stock worth $312,000 after acquiring an additional 7,754 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new stake in shares of Physicians Realty Trust in the 1st quarter worth about $330,000. Institutional investors and hedge funds own 92.22% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on DOC shares. Capital One Financial started coverage on shares of Physicians Realty Trust in a research report on Friday, June 3rd. They issued an "equal weight" rating and a $20.00 price target for the company. Colliers Securities downgraded shares of Physicians Realty Trust from a "buy" rating to a "neutral" rating and set a $19.00 price target for the company. in a research report on Friday, August 5th. Truist Financial dropped their price target on shares of Physicians Realty Trust from $18.00 to $17.00 and set a "hold" rating for the company in a research report on Monday, July 11th. Jefferies Financial Group dropped their price target on shares of Physicians Realty Trust from $21.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday, June 30th. Finally, Morgan Stanley lifted their price target on shares of Physicians Realty Trust from $16.00 to $16.50 and gave the company an "equal weight" rating in a research report on Wednesday, August 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $18.77.
Physicians Realty Trust Company Profile
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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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