Jefferies Group Brokers Boost Earnings Estimates for Physicians Realty Trust (DOC)

Physicians Realty Trust (NYSE:DOC) – Investment analysts at Jefferies Group upped their FY2018 earnings per share estimates for shares of Physicians Realty Trust in a report issued on Monday. Jefferies Group analyst O. Okusanya now forecasts that the real estate investment trust will post earnings per share of $1.14 for the year, up from their previous estimate of $1.12. Jefferies Group has a “Hold” rating and a $19.00 price objective on the stock. Jefferies Group also issued estimates for Physicians Realty Trust’s FY2019 earnings at $1.15 EPS.

Several other equities analysts have also recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $21.00 price target on shares of Physicians Realty Trust in a research note on Wednesday, September 13th. B. Riley reissued a “buy” rating on shares of Physicians Realty Trust in a research note on Wednesday, November 1st. Cantor Fitzgerald raised their target price on shares of Physicians Realty Trust from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, November 7th. Capital One Financial Corporation started coverage on shares of Physicians Realty Trust in a research note on Monday, September 25th. They issued an “equal weight” rating and a $19.50 target price for the company. Finally, Morgan Stanley raised shares of Physicians Realty Trust from an “underweight” rating to an “equal weight” rating and set a $18.00 target price for the company in a research note on Monday, July 24th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Physicians Realty Trust presently has an average rating of “Buy” and a consensus price target of $20.50.

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Shares of Physicians Realty Trust (NYSE:DOC) traded up $0.16 during trading hours on Tuesday, hitting $18.15. 1,248,019 shares of the company were exchanged, compared to its average volume of 1,474,853. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3,250.00, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 2.47 and a beta of 0.54. Physicians Realty Trust has a 1-year low of $17.25 and a 1-year high of $21.85.

Physicians Realty Trust (NYSE:DOC) last announced its quarterly earnings results on Friday, November 3rd. The real estate investment trust reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The firm had revenue of $93.00 million during the quarter, compared to analyst estimates of $90.21 million. Physicians Realty Trust had a net margin of 11.39% and a return on equity of 1.70%. The business’s revenue was up 32.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 earnings per share.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 18th. Investors of record on Tuesday, October 3rd were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 5.07%. The ex-dividend date was Monday, October 2nd. Physicians Realty Trust’s payout ratio is presently 400.00%.

In other Physicians Realty Trust news, insider Jeffrey Theiler purchased 5,634 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were purchased at an average cost of $17.76 per share, with a total value of $100,059.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.51% of the company’s stock.

Several large investors have recently modified their holdings of DOC. Chicago Partners Investment Group LLC raised its position in shares of Physicians Realty Trust by 603.8% during the second quarter. Chicago Partners Investment Group LLC now owns 9,086 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 7,795 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Physicians Realty Trust by 16.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,462 shares of the real estate investment trust’s stock worth $191,000 after purchasing an additional 1,364 shares during the period. Pinnacle Associates Ltd. acquired a new position in shares of Physicians Realty Trust during the second quarter worth approximately $205,000. Profund Advisors LLC raised its position in shares of Physicians Realty Trust by 6.8% during the second quarter. Profund Advisors LLC now owns 11,569 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 733 shares during the period. Finally, Teacher Retirement System of Texas raised its position in shares of Physicians Realty Trust by 1.7% during the second quarter. Teacher Retirement System of Texas now owns 11,997 shares of the real estate investment trust’s stock worth $242,000 after purchasing an additional 203 shares during the period. 93.66% of the stock is currently owned by institutional investors.

About Physicians Realty Trust

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.

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

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