Equities analysts forecast that Physicians Realty Trust (NYSE:DOC) will report earnings per share of $0.25 for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Physicians Realty Trust’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.21. Physicians Realty Trust reported earnings per share of $0.26 during the same quarter last year, which would suggest a negative year over year growth rate of 3.8%. The company is expected to issue its next quarterly earnings report on Wednesday, August 5th.
According to Zacks, analysts expect that Physicians Realty Trust will report full year earnings of $1.04 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.08. For the next year, analysts expect that the firm will report earnings of $1.08 per share, with EPS estimates ranging from $0.99 to $1.14. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Physicians Realty Trust.
Physicians Realty Trust (NYSE:DOC) last posted its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.19). Physicians Realty Trust had a return on equity of 3.10% and a net margin of 18.65%. The business had revenue of $107.43 million for the quarter, compared to analyst estimates of $108.64 million. During the same period last year, the firm posted $0.25 EPS. Physicians Realty Trust’s quarterly revenue was up 2.0% on a year-over-year basis.
DOC has been the subject of a number of recent research reports. SunTrust Banks lowered their target price on Physicians Realty Trust from $19.00 to $16.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $22.00 target price on shares of Physicians Realty Trust in a report on Monday, March 9th. Citigroup cut Physicians Realty Trust from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $21.00 to $14.00 in a report on Tuesday, April 7th. TheStreet cut Physicians Realty Trust from a “b-” rating to a “c” rating in a report on Monday, April 6th. Finally, Morgan Stanley lowered their target price on Physicians Realty Trust from $18.00 to $14.00 and set an “equal weight” rating for the company in a report on Thursday, March 26th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $18.69.
DOC traded down $0.76 on Monday, reaching $17.26. The stock had a trading volume of 1,555,024 shares, compared to its average volume of 2,947,912. Physicians Realty Trust has a fifty-two week low of $11.01 and a fifty-two week high of $20.78. The firm has a 50-day moving average of $16.13 and a 200-day moving average of $17.63. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 42.17, a price-to-earnings-growth ratio of 11.13 and a beta of 0.87.
In other Physicians Realty Trust news, insider John W. Lucey bought 3,145 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average price of $15.97 per share, for a total transaction of $50,225.65. Following the transaction, the insider now directly owns 92,699 shares in the company, valued at $1,480,403.03. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stanton D. Anderson sold 6,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $17.73, for a total value of $106,380.00. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC bought a new position in Physicians Realty Trust in the fourth quarter worth approximately $42,000. Van ECK Associates Corp boosted its holdings in Physicians Realty Trust by 108.6% in the first quarter. Van ECK Associates Corp now owns 2,309 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 1,202 shares in the last quarter. Arden Trust Co bought a new position in Physicians Realty Trust in the first quarter worth approximately $44,000. Point72 Hong Kong Ltd purchased a new stake in shares of Physicians Realty Trust in the fourth quarter worth approximately $63,000. Finally, FinTrust Capital Advisors LLC purchased a new stake in shares of Physicians Realty Trust in the first quarter worth approximately $47,000. Institutional investors own 89.17% of the company’s stock.
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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