Equities

Capital One Financial Equities Analysts Reduce Earnings Estimates for Physicians Realty Trust (NYSE:DOC)


Physicians Realty Trust (NYSE:DOCGet Rating) – Equities researchers at Capital One Financial decreased their Q3 2022 earnings estimates for shares of Physicians Realty Trust in a research report issued to clients and investors on Sunday, August 14th. Capital One Financial analyst D. Bernstein now anticipates that the real estate investment trust will earn $0.26 per share for the quarter, down from their previous forecast of $0.27. Capital One Financial has a “Equal Weight” rating and a $20.00 price target on the stock. The consensus estimate for Physicians Realty Trust’s current full-year earnings is $1.07 per share. Capital One Financial also issued estimates for Physicians Realty Trust’s Q4 2022 earnings at $0.26 EPS, FY2022 earnings at $1.06 EPS, Q1 2023 earnings at $0.26 EPS, Q2 2023 earnings at $0.27 EPS, Q3 2023 earnings at $0.27 EPS, Q4 2023 earnings at $0.28 EPS, FY2023 earnings at $1.08 EPS, Q1 2024 earnings at $0.28 EPS, Q2 2024 earnings at $0.29 EPS and FY2024 earnings at $1.16 EPS.

Several other research firms have also recently commented on DOC. StockNews.com upgraded shares of Physicians Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, August 8th. Truist Financial lowered 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. Jefferies Financial Group lowered 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. Colliers Securities lowered shares of Physicians Realty Trust from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a report on Friday, August 5th. Finally, Barclays initiated coverage on shares of Physicians Realty Trust in a report on Tuesday, April 26th. They set an “overweight” rating and a $20.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.70.

Physicians Realty Trust Price Performance

NYSE:DOC opened at $18.12 on Tuesday. The stock has a market cap of $4.10 billion, a P/E ratio of 51.77, a PEG ratio of 2.90 and a beta of 0.79. Physicians Realty Trust has a one year low of $16.07 and a one year high of $19.30. The company has a fifty day moving average price of $17.26 and a 200 day moving average price of $17.41. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.19 and a quick ratio of 1.19.

Physicians Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 19th. Investors of record on Tuesday, July 5th were given a $0.23 dividend. The ex-dividend date was Friday, July 1st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.08%. Physicians Realty Trust’s dividend payout ratio is 262.86%.

Insider Activity at Physicians Realty Trust

In related news, SVP Bradley D. Page sold 4,330 shares of the firm’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 transaction, the senior vice president now directly owns 35,200 shares of the company’s stock, valued at $637,824. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Physicians Realty Trust news, SVP Bradley D. Page sold 4,330 shares of Physicians Realty Trust stock in a transaction on Monday, August 15th. The shares were sold at an average price of $18.12, for a total transaction of $78,459.60. Following the completion of the transaction, the senior vice president now directly owns 35,200 shares of the company’s stock, valued at $637,824. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John T. Thomas sold 10,000 shares of Physicians Realty Trust stock in a transaction on Monday, August 15th. The stock was sold at an average price of $18.15, for a total transaction of $181,500.00. Following the transaction, the chief executive officer now directly owns 499,801 shares of the company’s stock, valued at $9,071,388.15. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. bought a new stake in Physicians Realty Trust in the first quarter valued at approximately $81,970,000. Nomura Holdings Inc. bought a new stake in Physicians Realty Trust in the first quarter valued at approximately $76,947,000. Boston Trust Walden Corp boosted its holdings in 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 valued at $77,749,000 after acquiring an additional 2,238,413 shares during the last quarter. Millennium Management LLC boosted its holdings in Physicians Realty Trust by 6,197.7% in the fourth quarter. Millennium Management LLC now owns 1,972,817 shares of the real estate investment trust’s stock valued at $37,148,000 after acquiring an additional 1,941,491 shares during the last quarter. Finally, State Street Corp boosted its holdings in Physicians Realty Trust by 16.3% in the first quarter. State Street Corp now owns 11,341,180 shares of the real estate investment trust’s stock valued at $201,488,000 after acquiring an additional 1,591,038 shares during the last quarter. Institutional investors and hedge funds own 87.64% of the company’s stock.

About Physicians Realty Trust

(Get Rating)

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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Earnings History and Estimates for Physicians Realty Trust (NYSE:DOC)



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