Physicians Realty Trust (NYSE:DOC) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Physicians Realty Trust (NYSE:DOC) from a hold rating to a sell rating in a research report sent to investors on Friday morning, Zacks.com reports.

According to Zacks, “Physicians Realty Trust is a REIT. It is a self-managed healthcare real estate company engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company’s principal investments will include medical office buildings, outpatient treatment facilities, acute and post-acute care hospitals, as well as other real estate integral to healthcare providers. Physicians Realty Trust is based in Milwaukee, Wisconsin. “

A number of other equities analysts have also issued reports on the company. Capital One Financial lowered Physicians Realty Trust from an overweight rating to an equal weight rating and set a $18.75 price objective for the company. in a report on Thursday, May 2nd. TheStreet lowered Physicians Realty Trust from a b- rating to a c+ rating in a report on Friday, August 9th. BMO Capital Markets lowered Physicians Realty Trust from an outperform rating to a market perform rating and set a $17.45 price objective for the company. in a report on Tuesday, May 7th. ValuEngine downgraded Physicians Realty Trust from a buy rating to a hold rating in a research report on Thursday, June 27th. Finally, Citigroup began coverage on Physicians Realty Trust in a research report on Thursday, June 20th. They issued a neutral rating and a $18.50 target price for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $18.45.

Shares of DOC stock opened at $17.27 on Friday. Physicians Realty Trust has a 12-month low of $15.18 and a 12-month high of $19.16. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 15.99 and a beta of 0.46. The business has a 50 day simple moving average of $17.31 and a 200 day simple moving average of $18.03. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.24 and a quick ratio of 1.24.

Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.22). Physicians Realty Trust had a return on equity of 2.11% and a net margin of 12.61%. The business had revenue of $94.90 million during the quarter, compared to the consensus estimate of $105.92 million. During the same period last year, the company earned $0.28 earnings per share. The business’s quarterly revenue was down 11.3% compared to the same quarter last year. On average, equities analysts anticipate that Physicians Realty Trust will post 1.02 EPS for the current fiscal year.

In other Physicians Realty Trust news, insider John T. Thomas sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $17.50, for a total value of $87,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 20,000 shares of company stock valued at $353,800 over the last 90 days. 0.62% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. James Investment Research Inc. acquired a new stake in shares of Physicians Realty Trust during the 2nd quarter valued at $26,000. Point72 Asset Management L.P. acquired a new stake in shares of Physicians Realty Trust during the 2nd quarter valued at $44,000. Advisory Services Network LLC lifted its position in shares of Physicians Realty Trust by 23.9% during the 1st quarter. Advisory Services Network LLC now owns 3,124 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 602 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Physicians Realty Trust during the 2nd quarter valued at $55,000. Finally, Optimum Investment Advisors lifted its position in shares of Physicians Realty Trust by 280.0% during the 2nd quarter. Optimum Investment Advisors now owns 3,800 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 2,800 shares during the last quarter. Hedge funds and other institutional investors own 95.28% 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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