Physicians Realty Trust (NYSE:DOC) Stock Rating Lowered by Zacks Investment Research

Physicians Realty Trust (NYSE:DOC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday, 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 recently commented on the company. Citigroup started coverage on Physicians Realty Trust in a report on Thursday, June 20th. They set a “neutral” rating and a $18.50 target price for the company. ValuEngine cut Physicians Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Morgan Stanley lowered their target price on Physicians Realty Trust from $19.00 to $17.50 and set an “equal weight” rating for the company in a report on Tuesday, September 17th. TheStreet cut Physicians Realty Trust from a “b-” rating to a “c+” rating in a report on Friday, August 9th. Finally, Berenberg Bank started coverage on Physicians Realty Trust in a report on Thursday, September 12th. They set a “hold” rating and a $18.00 target price for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Physicians Realty Trust currently has a consensus rating of “Hold” and an average price target of $18.20.

Physicians Realty Trust stock remained flat at $$17.59 during midday trading on Tuesday. The company had a trading volume of 679,198 shares, compared to its average volume of 1,304,728. The business has a 50-day simple moving average of $17.47 and a 200-day simple moving average of $17.84. 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 $3.26 billion, a price-to-earnings ratio of 16.29 and a beta of 0.42. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.24 and a current ratio of 1.24.

Physicians Realty Trust (NYSE:DOC) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.22). Physicians Realty Trust had a net margin of 12.61% and a return on equity of 2.11%. The firm had revenue of $94.90 million for the quarter, compared to analysts’ expectations of $105.92 million. During the same quarter last year, the business earned $0.28 earnings per share. The business’s revenue was down 11.3% compared to the same quarter last year. On average, analysts expect that Physicians Realty Trust will post 1 EPS for the current year.

In related news, VP Bradley D. Page acquired 4,330 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average price of $17.27 per share, for a total transaction of $74,779.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John T. Thomas sold 5,000 shares of Physicians Realty Trust stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $17.50, for a total value of $87,500.00. Following the completion of the transaction, the chief executive officer now owns 305,259 shares of the company’s stock, valued at approximately $5,342,032.50. The disclosure for this sale can be found here. Insiders sold a total of 15,000 shares of company stock valued at $262,750 in the last quarter. Company insiders own 0.62% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. James Investment Research Inc. purchased a new position in shares of Physicians Realty Trust in the 2nd quarter valued at about $26,000. Point72 Asset Management L.P. purchased a new stake in Physicians Realty Trust during the second quarter worth approximately $44,000. Advisory Services Network LLC lifted its stake in Physicians Realty Trust by 23.9% during the first quarter. Advisory Services Network LLC now owns 3,124 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 602 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Physicians Realty Trust during the second quarter worth approximately $55,000. Finally, Optimum Investment Advisors lifted its stake in Physicians Realty Trust by 280.0% during the second quarter. Optimum Investment Advisors now owns 3,800 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 2,800 shares during the last quarter. Institutional investors and hedge funds own 94.41% 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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