Physicians Realty Trust (NYSE:DOC) Expected to Announce Earnings of $0.27 Per Share

Equities analysts predict that Physicians Realty Trust (NYSE:DOC) will report earnings of $0.27 per share for the current quarter, according to Zacks. Eight analysts have issued estimates for Physicians Realty Trust’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.25. Physicians Realty Trust reported earnings per share of $0.28 during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.6%. The company is scheduled to report its next earnings results on Friday, November 1st.

According to Zacks, analysts expect that Physicians Realty Trust will report full year earnings of $1.02 per share for the current financial year, with EPS estimates ranging from $0.97 to $1.08. For the next year, analysts expect that the company will post earnings of $1.08 per share, with EPS estimates ranging from $1.04 to $1.11. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Physicians Realty Trust.

Physicians Realty Trust (NYSE:DOC) last announced its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.22). The firm had revenue of $94.90 million during the quarter, compared to analysts’ expectations of $105.92 million. Physicians Realty Trust had a net margin of 12.61% and a return on equity of 2.11%. The company’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 EPS.

DOC has been the topic of a number of research reports. Citigroup initiated coverage on Physicians Realty Trust in a report on Thursday, June 20th. They issued a “neutral” rating and a $18.50 price objective on the stock. Zacks Investment Research lowered Physicians Realty Trust from a “buy” rating to a “hold” rating in a report on Monday, August 12th. BMO Capital Markets lowered Physicians Realty Trust from an “outperform” rating to a “market perform” rating and set a $17.45 price objective on the stock. in a report on Tuesday, May 7th. ValuEngine lowered Physicians Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Finally, TheStreet lowered Physicians Realty Trust from a “b-” rating to a “c+” rating in a report on Friday, August 9th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $18.45.

DOC stock traded up $0.04 during midday trading on Thursday, reaching $17.63. The stock had a trading volume of 128,967 shares, compared to its average volume of 1,241,610. The company’s fifty day simple moving average is $17.31 and its 200 day simple moving average is $18.04. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.66. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 16.33 and a beta of 0.46. Physicians Realty Trust has a 52-week low of $15.18 and a 52-week high of $19.16.

In other news, insider John T. Thomas sold 5,000 shares of Physicians Realty Trust stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $17.50, for a total transaction of $87,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders have sold 20,000 shares of company stock worth $353,800. Insiders own 0.62% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. James Investment Research Inc. purchased a new position in shares of Physicians Realty Trust during the 2nd quarter worth $26,000. Point72 Asset Management L.P. purchased a new stake in Physicians Realty Trust in the 2nd quarter valued at about $44,000. Advisory Services Network LLC raised its holdings in Physicians Realty Trust by 23.9% in 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 buying an additional 602 shares during the period. C M Bidwell & Associates Ltd. purchased a new stake in Physicians Realty Trust in the 2nd quarter valued at about $55,000. Finally, Optimum Investment Advisors raised its holdings in Physicians Realty Trust by 280.0% in the 2nd quarter. Optimum Investment Advisors now owns 3,800 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 2,800 shares during the period. Institutional investors and hedge funds 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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Earnings History and Estimates for Physicians Realty Trust (NYSE:DOC)

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