Physicians Realty Trust (NYSE:DOC) Holdings Trimmed by Citigroup Inc.

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Citigroup Inc. cut its holdings in shares of Physicians Realty Trust (NYSE:DOC) by 64.0% in the 1st quarter, Holdings Channel reports. The firm owned 151,769 shares of the real estate investment trust’s stock after selling 270,381 shares during the period. Citigroup Inc.’s holdings in Physicians Realty Trust were worth $2,855,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Natixis Advisors L.P. lifted its stake in Physicians Realty Trust by 1.9% during the fourth quarter. Natixis Advisors L.P. now owns 31,316 shares of the real estate investment trust’s stock worth $501,000 after purchasing an additional 577 shares during the last quarter. Comerica Bank increased its holdings in shares of Physicians Realty Trust by 4.9% during the first quarter. Comerica Bank now owns 13,930 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 657 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Physicians Realty Trust by 0.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 157,393 shares of the real estate investment trust’s stock worth $2,523,000 after buying an additional 958 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Physicians Realty Trust by 0.3% during the first quarter. Rhumbline Advisers now owns 291,807 shares of the real estate investment trust’s stock worth $5,489,000 after buying an additional 974 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Physicians Realty Trust by 5.6% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 20,900 shares of the real estate investment trust’s stock worth $393,000 after buying an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 95.92% of the company’s stock.

In other Physicians Realty Trust news, insider John T. Thomas sold 5,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $18.26, for a total value of $91,300.00. Following the transaction, the insider now owns 311,251 shares in the company, valued at $5,683,443.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is currently owned by insiders.

DOC stock opened at $18.07 on Thursday. Physicians Realty Trust has a 1 year low of $14.82 and a 1 year high of $19.16. The stock has a market cap of $3.31 billion, a PE ratio of 16.73 and a beta of 0.55. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.66.

Physicians Realty Trust (NYSE:DOC) last released its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Physicians Realty Trust had a net margin of 13.34% and a return on equity of 2.28%. The business had revenue of $105.40 million during the quarter, compared to analysts’ expectations of $104.27 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. As a group, sell-side analysts expect that Physicians Realty Trust will post 1.06 EPS for the current fiscal year.

A number of analysts recently weighed in on the company. Capital One Financial downgraded Physicians Realty Trust from an “overweight” rating to an “equal weight” rating and set a $18.75 price objective for the company. in a report on Thursday, May 2nd. Zacks Investment Research downgraded Physicians Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, May 13th. BMO Capital Markets downgraded Physicians Realty Trust from an “outperform” rating to a “market perform” rating and set a $17.45 price objective for the company. in a report on Tuesday, May 7th. Finally, Morgan Stanley set a $19.00 price objective on Physicians Realty Trust and gave the company a “hold” rating in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $18.12.

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Physicians Realty Trust 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.

Further Reading: What is a Call Option?

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Institutional Ownership by Quarter for Physicians Realty Trust (NYSE:DOC)

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