The stock of Physicians Realty Trust (NYSE:DOC) last traded at $13.69, down -2.84% from the previous session.
Data from the available sources indicates that Physicians Realty Trust (NYSE:DOC) is covered by 15 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $19.00 and a low of $14.00, we find $15.00. Given the previous closing price of $14.09, this indicates a potential upside of 6.46 percent. DOC stock price is now -5.07% away from the 50-day moving average and -9.25% away from the 200-day moving average. The market capitalization of the company currently stands at $3.30B.
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In total, 9 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $15.79 as their price target over the next twelve months.
In other news, BLACK ALBERT JR, Director bought 1,021 shares of the company’s stock on Feb 28. The stock was bought for $15,295 at an average price of $14.98. Upon completion of the transaction, the Director now directly owns 99,208 shares in the company, valued at $1.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 14, Director Thompson Tommy G bought 6,575 shares of the business’s stock. A total of $98,888 was incurred on buying the stock at an average price of $15.04. This leaves the insider owning 25,635 shares of the company worth $0.35 million. Insiders disposed of 446,203 shares of company stock worth roughly $6.11 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DOC stock. A new stake in Physicians Realty Trust shares was purchased by HEITMAN REAL ESTATE SECURITIES LLC during the first quarter worth $18,574,000. EPOCH INVESTMENT PARTNERS, INC. invested $13,910,000 in shares of DOC during the first quarter. In the first quarter, DEAN INVESTMENT ASSOCIATES, LLC acquired a new stake in Physicians Realty Trust valued at approximately $5,518,000. TECTONIC ADVISORS LLC acquired a new stake in DOC for approximately $2,094,000. DEAN CAPITAL MANAGEMENT purchased a new stake in DOC valued at around $2,084,000 in the second quarter. In total, there are 517 active investors with 96.10% ownership of the company’s stock.
With an opening price of $14.03 on Wednesday morning, Physicians Realty Trust (NYSE: DOC) set off the trading day. During the past 12 months, Physicians Realty Trust has had a low of $13.42 and a high of $18.57. The fifty day moving average price for DOC is $14.40 and a two-hundred day moving average price translates $15.09 for the stock.
The latest earnings results from Physicians Realty Trust (NYSE: DOC) was released for Mar, 2023. According to the REIT – Healthcare Facilities Company, earnings per share came in at $0.04, inline with analysts’ expectations of $0.04. This compares to $0.06 EPS in the same period last year. The net profit margin was 19.10% and return on equity was 3.60% for DOC. The company reported revenue of $134.34 million for the quarter, compared to $130.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.03 percent. For the current quarter, analysts expect DOC to generate $133.98M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/18/2023. Investors who held shares on 04/04/2023 were paid a $0.23 dividend. On an annualized basis, this represents a $0.92 dividend and a 6.72% percent yield. There was an ex-dividend date of 04/03/2023 for this dividend. In terms of dividend payout ratio, DOC is presently at 112.00%.
Physicians Realty Trust(DOC) 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. The Company conducts its business through an UPREIT structure in which its properties are owned by Physicians Realty L.P., a Delaware limited partnership (the operating partnership), directly or through limited partnerships, limited liability companies or other subsidiaries. The Company is the sole general partner of the operating partnership and, as of September 30, 2020, owned approximately 97.4% of OP Units.
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