$127.70 Million in Sales Expected for Physicians Realty Trust (NYSE:DOC) This Quarter

Brokerages expect Physicians Realty Trust (NYSE:DOC – Get Rating) to post sales of $127.70 million for the current quarter, Zacks reports. Six analysts have made estimates for Physicians Realty Trust’s earnings, with the highest sales estimate coming in at $131.99 million and the lowest estimate coming in at $116.52 million. Physicians Realty Trust reported sales of $113.34 million in the same quarter last year, which indicates a positive year-over-year growth rate of 12.7%. The business is expected to announce its next quarterly earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Physicians Realty Trust will report full year sales of $519.64 million for the current financial year, with estimates ranging from $468.66 million to $541.71 million. For the next year, analysts anticipate that the firm will post sales of $543.54 million, with estimates ranging from $474.04 million to $588.56 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Physicians Realty Trust.

Physicians Realty Trust (NYSE:DOC – Get Rating) last announced its earnings results on Wednesday, February 23rd. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14). The company had revenue of $116.12 million for the quarter, compared to analyst estimates of $116.76 million. Physicians Realty Trust had a return on equity of 2.98% and a net margin of 18.34%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $0.26 earnings per share.

A number of research analysts have recently weighed in on the company. Royal Bank of Canada lowered their price target on 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. StockNews.com assumed coverage on Physicians Realty Trust in a report on Thursday, March 31st. They set a “sell” rating on the stock. BMO Capital Markets downgraded Physicians Realty Trust from an “outperform” rating to a “market perform” rating and set a $20.00 price target on the stock. in a report on Friday, January 7th. Colliers Securities restated a “buy” rating and issued a $20.00 target price on shares of Physicians Realty Trust in a research note on Thursday, February 24th. Finally, Credit Suisse Group started coverage on Physicians Realty Trust in a research note on Tuesday, February 1st. They set a “neutral” rating and a $19.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $19.43.

Shares of DOC stock traded up $0.11 on Friday, reaching $17.45. 122,663 shares of the company’s stock traded hands, compared to its average volume of 2,186,086. Physicians Realty Trust has a 12-month low of $16.07 and a 12-month high of $19.59. 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 company has a market capitalization of $3.93 billion, a P/E ratio of 45.76, a price-to-earnings-growth ratio of 2.50 and a beta of 0.86. The business’s 50 day moving average price is $17.21 and its two-hundred day moving average price is $17.97.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Thursday, March 31st were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, March 30th. This represents a $0.92 annualized dividend and a dividend yield of 5.27%. Physicians Realty Trust’s dividend payout ratio is presently 242.11%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Covestor Ltd acquired a new position in Physicians Realty Trust in the 4th quarter valued at approximately $25,000. Dark Forest Capital Management LP raised its holdings in Physicians Realty Trust by 2,143.0% in the 3rd quarter. Dark Forest Capital Management LP now owns 1,772 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 1,693 shares in the last quarter. UMB Bank N A MO acquired a new position in Physicians Realty Trust in the 4th quarter valued at approximately $48,000. NEXT Financial Group Inc raised its holdings in Physicians Realty Trust by 30.6% in the 4th quarter. NEXT Financial Group Inc now owns 2,942 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 690 shares in the last quarter. Finally, PYA Waltman Capital LLC acquired a new position in Physicians Realty Trust in the 4th quarter valued at approximately $77,000. 86.87% of the stock is owned by institutional investors and hedge funds.

Physicians Realty Trust Company Profile (Get Rating)

Physicians Realty Trust is a real estate investment trust, which engages in the acquisition, development, owning, and managing of healthcare properties. Its principal investments include medical office buildings, outpatient treatment facilities, acute and post-acute care hospitals, as well as other real estate integral to healthcare providers.

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