Equities analysts forecast that Physicians Realty Trust (NYSE:DOC) will report earnings per share (EPS) of $0.26 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Physicians Realty Trust’s earnings. The lowest EPS estimate is $0.25 and the highest is $0.28. Physicians Realty Trust reported earnings per share of $0.28 during the same quarter last year, which would suggest a negative year-over-year growth rate of 7.1%. The company is expected to report its next quarterly earnings report on Friday, November 1st.
On average, analysts expect that Physicians Realty Trust will report full-year earnings of $1.03 per share for the current year, with EPS estimates ranging from $0.97 to $1.08. For the next year, analysts anticipate that the business will report earnings of $1.08 per share, with EPS estimates ranging from $1.04 to $1.11. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Physicians Realty Trust.
Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.22). The business had revenue of $94.90 million during the quarter, compared to the consensus estimate of $105.92 million. Physicians Realty Trust had a return on equity of 2.11% and a net margin of 12.61%. The business’s quarterly revenue was down 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 earnings per share.
DOC has been the topic of several recent analyst reports. Citigroup assumed coverage on Physicians Realty Trust in a research report on Thursday, June 20th. They issued a “neutral” rating and a $18.50 price target on the stock. BMO Capital Markets cut Physicians Realty Trust from an “outperform” rating to a “market perform” rating and set a $17.45 price objective on the stock. in a research report on Tuesday, May 7th. ValuEngine cut Physicians Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. TheStreet cut Physicians Realty Trust from a “b-” rating to a “c+” rating in a research report on Friday, August 9th. Finally, Capital One Financial cut Physicians Realty Trust from an “overweight” rating to an “equal weight” rating and set a $18.75 price objective on the stock. in a research report on Thursday, May 2nd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Physicians Realty Trust currently has an average rating of “Hold” and an average price target of $18.45.
NYSE DOC traded up $0.23 during trading on Thursday, hitting $17.33. The company’s stock had a trading volume of 1,657,919 shares, compared to its average volume of 1,279,282. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average price of $17.28 and a 200 day moving average price of $18.05. The firm has a market cap of $3.21 billion, a P/E ratio of 16.05 and a beta of 0.46. Physicians Realty Trust has a 52 week low of $15.18 and a 52 week high of $19.16.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, July 3rd were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date of this dividend was Tuesday, July 2nd. Physicians Realty Trust’s dividend payout ratio is presently 85.19%.
In other news, insider John T. Thomas sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $17.50, for a total transaction of $87,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 20,000 shares of company stock worth $353,800. 0.62% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. acquired a new stake in Physicians Realty Trust in the 1st quarter valued at $42,647,000. FIL Ltd acquired a new stake in Physicians Realty Trust in the 1st quarter valued at $20,691,000. Investment Counselors of Maryland LLC acquired a new stake in Physicians Realty Trust in the 2nd quarter valued at $15,064,000. Nuveen Asset Management LLC boosted its stake in Physicians Realty Trust by 189.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 799,612 shares of the real estate investment trust’s stock valued at $13,945,000 after buying an additional 523,044 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Physicians Realty Trust by 17.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,463,056 shares of the real estate investment trust’s stock valued at $60,397,000 after buying an additional 512,838 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.
Physicians Realty Trust Company Profile
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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