Physicians Realty Trust (NYSE:DOC) shares traded -1.41% lower at $11.20 on Wall Street last session.
In accordance with the data, 9 analysts cover Physicians Realty Trust (NYSE:DOC). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $19.00 and a low of $11.00, we find $14.50. Given the previous closing price of $11.36, this indicates a potential upside of 27.64 percent. DOC stock price is now -5.25% away from the 50-day moving average and -18.68% away from the 200-day moving average. The market capitalization of the company currently stands at $2.67B.
It has been rated a hold by 6 analysts and a buy by 3. Brokers who have rated the stock have averaged $14.50 as their price target over the next twelve months.
With the price target of $15.50, JMP Securities recently initiated with Mkt Outperform rating for Physicians Realty Trust (NYSE: DOC).
In other news, Becker Laurie P, SVP – Controller sold 22,322 shares of the company’s stock on Sep 14. The stock was sold for $300,677 at an average price of $13.47. Upon completion of the transaction, the SVP – Controller now directly owns 55,776 shares in the company, valued at $0.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12, Director BLACK ALBERT JR bought 2,264 shares of the business’s stock. A total of $30,021 was incurred on buying the stock at an average price of $13.26. This leaves the insider owning 101,472 shares of the company worth $1.14 million. Insiders disposed of 600,734 shares of company stock worth roughly $6.73 million over the past 1 year. A total of 1.44% of the company’s stock is owned by insiders.
Physicians Realty Trust (NYSE: DOC) opened at $11.49 on Friday. During the past 12 months, Physicians Realty Trust has had a low of $10.52 and a high of $16.34. The fifty day moving average price for DOC is $11.78 and a two-hundred day moving average price translates $13.75 for the stock.
The latest earnings results from Physicians Realty Trust (NYSE: DOC) was released for Sep, 2023. According to the REIT – Healthcare Facilities Company, earnings per share came in at $0.05, inline with analysts’ expectations of $0.05. This compares to $0.28 EPS in the same period last year. The net profit margin was 8.60% and return on equity was 1.65% for DOC. The company reported revenue of $138.55 million for the quarter, compared to $131.51 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.35 percent. For the current quarter, analysts expect DOC to generate $137.12M in revenue.
Physicians Realty Trust(DOC) Company Profile
Physicians Realty Trust is a self-managed health care real estate company organized to acquire, selectively develop, own, and manage health care properties that are leased to physicians, hospitals, and health care delivery systems. The Company invests in real estate that is integral to providing high quality health care. 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 June 30, 2023, owned approximately 96.0% of OP Units.