Physicians Realty Trust (NYSE:DOC) Posts Earnings Results, Beats Expectations By $0.01 EPS

Physicians Realty Trust (NYSE:DOC) announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01, Bloomberg Earnings reports. Physicians Realty Trust had a return on equity of 1.75% and a net margin of 11.51%. The company had revenue of $76.60 million for the quarter, compared to analyst estimates of $80.48 million. During the same quarter in the prior year, the company earned $0.22 EPS. The firm’s revenue for the quarter was up 43.9% compared to the same quarter last year.

Physicians Realty Trust (DOC) traded down 0.82% on Tuesday, hitting $18.09. The stock had a trading volume of 1,163,179 shares. The stock has a 50 day moving average price of $18.92 and a 200 day moving average price of $19.57. The company has a market cap of $2.85 billion, a P/E ratio of 77.31 and a beta of 0.55. Physicians Realty Trust has a 1-year low of $17.12 and a 1-year high of $22.03.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 18th. Stockholders of record on Monday, July 3rd were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date of this dividend was Thursday, June 29th. This is a positive change from Physicians Realty Trust’s previous quarterly dividend of $0.23. Physicians Realty Trust’s dividend payout ratio (DPR) is currently 400.02%.

Several equities research analysts recently commented on DOC shares. Zacks Investment Research lowered Physicians Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. BidaskClub upgraded Physicians Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Morgan Stanley upgraded Physicians Realty Trust from an “underweight” rating to an “equal weight” rating and set a $18.00 target price on the stock in a research report on Monday, July 24th. UBS AG lowered Physicians Realty Trust from a “strong-buy” rating to an “outperform” rating in a report on Monday, July 17th. Finally, Raymond James Financial, Inc. lowered Physicians Realty Trust from a “strong-buy” rating to an “outperform” rating and set a $21.00 price target on the stock. in a report on Monday, July 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $20.58.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in Physicians Realty Trust by 64.5% in the first quarter. Wells Fargo & Company MN now owns 1,080,135 shares of the real estate investment trust’s stock worth $21,462,000 after buying an additional 423,708 shares during the period. IFP Advisors Inc increased its position in Physicians Realty Trust by 18.4% in the first quarter. IFP Advisors Inc now owns 255,457 shares of the real estate investment trust’s stock worth $5,076,000 after buying an additional 39,653 shares during the period. State of New Jersey Common Pension Fund D increased its position in Physicians Realty Trust by 1.5% in the first quarter. State of New Jersey Common Pension Fund D now owns 693,000 shares of the real estate investment trust’s stock worth $13,770,000 after buying an additional 10,000 shares during the period. Strs Ohio boosted its stake in shares of Physicians Realty Trust by 9.7% in the first quarter. Strs Ohio now owns 275,382 shares of the real estate investment trust’s stock worth $5,471,000 after buying an additional 24,438 shares in the last quarter. Finally, Sit Investment Associates Inc. boosted its stake in shares of Physicians Realty Trust by 1,087.4% in the first quarter. Sit Investment Associates Inc. now owns 1,116,135 shares of the real estate investment trust’s stock worth $22,178,000 after buying an additional 1,022,135 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Physicians Realty Trust Company Profile

Physicians Realty Trust (the Trust) is a real estate investment trust. Physicians Realty L.P. is the operating partnership of the Trust. The Trust and its operating partnership are engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems.