StockNews.com cut shares of Physicians Realty Trust (NYSE:DOC – Get Rating) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.
Other equities analysts have also issued reports about the stock. Morgan Stanley raised their target price on shares of Physicians Realty Trust from $16.00 to $16.50 and gave the company an equal weight rating in a report on Wednesday, August 31st. Capital One Financial started coverage on shares of Physicians Realty Trust in a report on Friday, June 3rd. They set an equal weight rating and a $20.00 price target on the stock. Jefferies Financial Group reduced their target price on shares of Physicians Realty Trust from $21.00 to $20.00 and set a buy rating on the stock in a report on Thursday, June 30th. Truist Financial reduced their target price on shares of Physicians Realty Trust from $18.00 to $17.00 and set a hold rating on the stock in a report on Monday, July 11th. Finally, Colliers Securities lowered shares of Physicians Realty Trust from a buy rating to a neutral rating and set a $19.00 target price on the stock. in a report on Friday, August 5th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Physicians Realty Trust has a consensus rating of Hold and a consensus price target of $18.77.
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Physicians Realty Trust Price Performance
DOC stock opened at $15.04 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.65. Physicians Realty Trust has a 12 month low of $14.65 and a 12 month high of $19.30. The firm has a market cap of $3.40 billion, a P/E ratio of 42.97, a P/E/G ratio of 2.58 and a beta of 0.80. The company's 50-day moving average price is $16.94 and its two-hundred day moving average price is $17.29.
Physicians Realty Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Tuesday, October 4th will be paid a dividend of $0.23 per share. The ex-dividend date is Monday, October 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 6.12%. Physicians Realty Trust's dividend payout ratio (DPR) is presently 262.86%.
Insider Buying and Selling at Physicians Realty Trust
In other news, SVP Bradley D. Page sold 4,330 shares of the company's stock in a transaction on Monday, August 15th. The shares were sold at an average price of $18.12, for a total value of $78,459.60. Following the completion of the sale, the senior vice president now owns 35,200 shares in the company, valued at approximately $637,824. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO John T. Thomas sold 10,000 shares of the company'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 completion of the sale, the chief executive officer now owns 499,801 shares in the company, valued at approximately $9,071,388.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Bradley D. Page sold 4,330 shares of the company's stock in a transaction on Monday, August 15th. The stock was sold at an average price of $18.12, for a total transaction of $78,459.60. Following the completion of the sale, the senior vice president now owns 35,200 shares of the company's stock, valued at approximately $637,824. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,330 shares of company stock worth $617,560. 0.79% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Physicians Realty Trust
Several institutional investors have recently added to or reduced their stakes in DOC. Fuller & Thaler Asset Management Inc. bought a new position in Physicians Realty Trust during the first quarter valued at about $81,970,000. Nomura Holdings Inc. purchased a new stake in Physicians Realty Trust during the first quarter valued at about $76,947,000. Goldman Sachs Group Inc. lifted its holdings in Physicians Realty Trust by 527.0% during the second quarter. Goldman Sachs Group Inc. now owns 3,889,863 shares of the real estate investment trust's stock valued at $67,878,000 after purchasing an additional 3,269,484 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Physicians Realty Trust by 5,547.8% during the second quarter. Federated Hermes Inc. now owns 2,323,944 shares of the real estate investment trust's stock valued at $40,553,000 after purchasing an additional 2,282,796 shares during the last quarter. Finally, Boston Trust Walden Corp lifted its holdings in shares of Physicians Realty Trust by 102.0% in the first quarter. Boston Trust Walden Corp now owns 4,432,661 shares of the real estate investment trust's stock worth $77,749,000 after buying an additional 2,238,413 shares in the last quarter. Institutional investors own 92.22% of the company's stock.
About Physicians Realty Trust
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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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