Physicians Realty Trust (NYSE:DOC) Downgraded to “Sell” at Zacks Investment Research

Physicians Realty Trust (NYSE:DOC – Get Rating) 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. “

DOC has been the topic of a number of other reports. Morgan Stanley reduced their price target on shares of Physicians Realty Trust from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, March 7th. Royal Bank of Canada cut their price target on shares of Physicians Realty Trust from $19.00 to $18.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 9th. Credit Suisse Group initiated coverage on shares of Physicians Realty Trust in a report on Tuesday, February 1st. They set a “neutral” rating and a $19.00 price target on the stock. BMO Capital Markets cut shares of Physicians Realty Trust from an “outperform” rating to a “market perform” rating and set a $20.00 price objective for the company. in a research report on Friday, January 7th. Finally, Barclays assumed coverage on shares of Physicians Realty Trust in a research report on Tuesday. They issued an “overweight” rating and a $20.00 price objective for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Physicians Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $19.50.

Shares of DOC traded down $0.04 on Tuesday, hitting $17.54. 263,678 shares of the stock traded hands, compared to its average volume of 2,192,651. The company has a market capitalization of $3.95 billion, a PE ratio of 46.16, a P/E/G ratio of 2.51 and a beta of 0.86. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43. The business has a 50 day simple moving average of $17.23 and a 200 day simple moving average of $17.95. Physicians Realty Trust has a one year low of $16.07 and a one year high of $19.59.

Physicians Realty Trust (NYSE:DOC – Get Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.14). The business had revenue of $116.12 million for the quarter, compared to analysts’ expectations of $116.76 million. Physicians Realty Trust had a return on equity of 2.98% and a net margin of 18.34%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 EPS. On average, equities analysts expect that Physicians Realty Trust will post 1.11 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Investment Management Company LLC grew its holdings in shares of Physicians Realty Trust by 1.7% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 36,518 shares of the real estate investment trust’s stock valued at $688,000 after purchasing an additional 604 shares in the last quarter. HighTower Advisors LLC lifted its stake in Physicians Realty Trust by 1.0% in the third quarter. HighTower Advisors LLC now owns 62,383 shares of the real estate investment trust’s stock worth $1,102,000 after acquiring an additional 622 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Physicians Realty Trust by 8.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 8,588 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 657 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Physicians Realty Trust by 12.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 6,105 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 683 shares during the last quarter. Finally, NEXT Financial Group Inc lifted its position in shares of Physicians Realty Trust by 30.6% during the 4th quarter. NEXT Financial Group Inc now owns 2,942 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 690 shares during the last quarter. Hedge funds and other institutional investors own 86.87% of the company’s stock.

About Physicians Realty Trust (Get Rating)

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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