First Trust Advisors LP increased its stake in Physicians Realty Trust (NYSE:DOC) by 153.1% during the first quarter, HoldingsChannel.com reports. The fund owned 229,306 shares of the real estate investment trust’s stock after buying an additional 138,703 shares during the period. First Trust Advisors LP’s holdings in Physicians Realty Trust were worth $4,313,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. Natixis Advisors L.P. lifted its stake in shares of Physicians Realty Trust by 1.9% in the fourth quarter. Natixis Advisors L.P. now owns 31,316 shares of the real estate investment trust’s stock worth $501,000 after acquiring an additional 577 shares during the period. Comerica Bank lifted its stake in shares of Physicians Realty Trust by 4.9% in the first quarter. Comerica Bank now owns 13,930 shares of the real estate investment trust’s stock worth $260,000 after acquiring an additional 657 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Physicians Realty Trust by 0.6% in 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 acquiring an additional 958 shares during the period. Rhumbline Advisers lifted its stake in shares of Physicians Realty Trust by 0.3% in the first quarter. Rhumbline Advisers now owns 291,807 shares of the real estate investment trust’s stock worth $5,489,000 after acquiring an additional 974 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Physicians Realty Trust by 4.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 27,900 shares of the real estate investment trust’s stock worth $447,000 after acquiring an additional 1,200 shares during the period. 95.92% of the stock is currently owned by institutional investors.
A number of brokerages have weighed in on DOC. Zacks Investment Research downgraded Physicians Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, March 28th. Morgan Stanley set a $19.00 target price on Physicians Realty Trust and gave the stock a “hold” rating in a report on Thursday, March 28th. Finally, BMO Capital Markets downgraded 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, four have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $18.12.
Shares of DOC stock opened at $18.07 on Thursday. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 16.73 and a beta of 0.55. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.66. Physicians Realty Trust has a fifty-two week low of $14.82 and a fifty-two week high of $19.16.
Physicians Realty Trust (NYSE:DOC) last issued its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.01). The business had revenue of $105.40 million during the quarter, compared to the consensus estimate of $104.27 million. Physicians Realty Trust had a return on equity of 2.28% and a net margin of 13.34%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 earnings per share. On average, research analysts anticipate that Physicians Realty Trust will post 1.06 earnings per share for the current year.
In other Physicians Realty Trust news, insider John T. Thomas sold 5,000 shares of Physicians Realty Trust stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $18.26, for a total value of $91,300.00. Following the completion of the sale, the insider now directly owns 311,251 shares in the company, valued at $5,683,443.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.62% of the company’s stock.
WARNING: This piece of content was reported by Highlight Press and is owned by of Highlight Press. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://highlightpress.com/2019/06/13/physicians-realty-trust-nysedoc-position-boosted-by-first-trust-advisors-lp.html.
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.
Recommended Story: How to calculate the annual rate of depreciation
Want to see what other hedge funds are holding DOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Physicians Realty Trust (NYSE:DOC).
Receive News & Ratings for Physicians Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Physicians Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.