Physicians Realty Trust (NYSE:DOC) insider John T. Thomas sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $18.26, for a total transaction of $91,300.00. Following the completion of the transaction, the insider now owns 311,251 shares of the company’s stock, valued at approximately $5,683,443.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
DOC stock traded down $0.15 during trading hours on Monday, reaching $17.29. The stock had a trading volume of 2,106,026 shares, compared to its average volume of 1,284,401. The company has a market capitalization of $3.23 billion, a PE ratio of 16.01 and a beta of 0.46. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.66. The company’s 50-day moving average is $18.21. Physicians Realty Trust has a fifty-two week low of $15.16 and a fifty-two week high of $19.16.
Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.01). The company had revenue of $105.40 million during the quarter, compared to the consensus estimate of $104.27 million. Physicians Realty Trust had a net margin of 13.34% and a return on equity of 2.28%. Physicians Realty Trust’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 earnings per share. As a group, sell-side analysts predict that Physicians Realty Trust will post 1.06 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Macroview Investment Management LLC bought a new position in Physicians Realty Trust in the 4th quarter valued at about $32,000. Lindbrook Capital LLC acquired a new stake in Physicians Realty Trust during the 4th quarter worth approximately $42,000. Advisory Services Network LLC boosted its position in 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 worth $59,000 after buying an additional 602 shares during the period. Quantamental Technologies LLC acquired a new stake in Physicians Realty Trust during the 4th quarter worth approximately $75,000. Finally, Quadrant Capital Group LLC acquired a new stake in Physicians Realty Trust during the 1st quarter worth approximately $91,000. 95.83% of the stock is currently owned by institutional investors.
Several research firms have recently weighed in on DOC. Zacks Investment Research cut shares of Physicians Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, March 28th. Morgan Stanley set a $19.00 price target on shares of Physicians Realty Trust and gave the company a “hold” rating in a report on Thursday, March 28th. Citigroup assumed coverage on shares of Physicians Realty Trust in a report on Thursday, June 20th. They issued a “neutral” rating and a $18.50 price target for the company. Finally, BMO Capital Markets cut shares of Physicians Realty Trust from an “outperform” rating to a “market perform” rating and set a $17.45 target price for the company. in a report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Physicians Realty Trust has a consensus rating of “Hold” and a consensus price target of $18.15.
About Physicians Realty Trust
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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