Physicians Realty Trust (NYSE:DOC) Stock Price Crosses Below Two Hundred Day Moving Average of $0.00

Physicians Realty Trust (NYSE:DOC) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as low as $17.26. Physicians Realty Trust shares last traded at $17.42, with a volume of 19,429 shares trading hands.

Several analysts have recently issued reports on the company. Citigroup set a $5.00 price objective on Forum Energy Technologies and gave the company a “buy” rating in a research note on Thursday, June 20th. Morgan Stanley set a $111.00 target price on Procter & Gamble and gave the company a “buy” rating in a report on Thursday, March 28th. BMO Capital Markets dropped their target price on AKITA Drilling from C$5.00 to C$3.50 in a report on Tuesday, May 7th. Zacks Investment Research lowered Physicians Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, ValuEngine raised Zogenix from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Physicians Realty Trust presently has a consensus rating of “Hold” and an average target price of $18.15.

The firm has a market capitalization of $3.20 billion, a PE ratio of 16.02 and a beta of 0.46. The stock’s fifty day simple moving average is $17.87. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.66.

Physicians Realty Trust (NYSE:DOC) last posted its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). The business had revenue of $105.40 million during the quarter, compared to analysts’ expectations of $104.27 million. Physicians Realty Trust had a net margin of 13.34% and a return on equity of 2.28%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS. Analysts anticipate that Physicians Realty Trust will post 1.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, July 3rd will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 5.32%. The ex-dividend date is Tuesday, July 2nd. Physicians Realty Trust’s payout ratio is 85.19%.

In other Physicians Realty Trust news, CEO John T. Thomas sold 3,700 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $17.50, for a total transaction of $64,750.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John T. Thomas sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $18.26, for a total value of $91,300.00. Following the transaction, the insider now directly owns 311,251 shares in the company, valued at approximately $5,683,443.26. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,000 shares of company stock worth $266,300. Corporate insiders own 0.62% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DOC. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Physicians Realty Trust during the first quarter worth about $42,647,000. Norges Bank acquired a new stake in Physicians Realty Trust in the fourth quarter valued at about $35,906,000. FIL Ltd acquired a new stake in Physicians Realty Trust in the first quarter valued at about $20,691,000. Thrivent Financial for Lutherans lifted its position in Physicians Realty Trust by 95.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 935,178 shares of the real estate investment trust’s stock valued at $14,991,000 after purchasing an additional 456,152 shares during the period. Finally, Peregrine Capital Management LLC acquired a new stake in Physicians Realty Trust in the first quarter valued at about $7,545,000. 95.82% of the stock is currently owned by hedge funds and other institutional investors.

Physicians Realty Trust Company Profile (NYSE:DOC)

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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