First Republic Investment Management Inc. decreased its stake in shares of Physicians Realty Trust (NYSE:DOC) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,258 shares of the real estate investment trust’s stock after selling 2,650 shares during the period. First Republic Investment Management Inc.’s holdings in Physicians Realty Trust were worth $510,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in Physicians Realty Trust by 3.0% in the second quarter. JPMorgan Chase & Co. now owns 333,214 shares of the real estate investment trust’s stock worth $5,752,000 after acquiring an additional 9,716 shares during the period. GSA Capital Partners LLP increased its stake in shares of Physicians Realty Trust by 152.6% in the second quarter. GSA Capital Partners LLP now owns 40,662 shares of the real estate investment trust’s stock worth $709,000 after purchasing an additional 24,566 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new stake in shares of Physicians Realty Trust in the second quarter worth $1,012,000. Investment Counselors of Maryland LLC purchased a new stake in shares of Physicians Realty Trust in the second quarter worth $15,064,000. Finally, Sfmg LLC increased its stake in shares of Physicians Realty Trust by 30.8% in the second quarter. Sfmg LLC now owns 220,907 shares of the real estate investment trust’s stock worth $3,791,000 after purchasing an additional 51,957 shares in the last quarter. Institutional investors own 94.39% of the company’s stock.
In related news, CEO John T. Thomas sold 3,700 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $17.50, for a total transaction of $64,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Bradley D. Page acquired 4,330 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $17.27 per share, with a total value of $74,779.10. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 20,000 shares of company stock valued at $350,000. Corporate insiders own 0.62% of the company’s stock.
DOC has been the subject of several research analyst reports. Zacks Investment Research raised shares of Physicians Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. TheStreet lowered shares of Physicians Realty Trust from a “b-” rating to a “c+” rating in a research report on Friday, August 9th. Citigroup assumed coverage on shares of Physicians Realty Trust in a report on Thursday, June 20th. They set a “neutral” rating and a $18.50 price objective for the company. ValuEngine cut shares of Physicians Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Finally, Berenberg Bank assumed coverage on shares of Physicians Realty Trust in a research note on Thursday. They issued a “hold” rating and a $18.00 target price for the company. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $18.45.
NYSE DOC traded down $0.04 during trading hours on Friday, reaching $17.23. The company had a trading volume of 1,658,013 shares, compared to its average volume of 1,312,476. The stock has a market capitalization of $3.24 billion, a P/E ratio of 15.95 and a beta of 0.44. Physicians Realty Trust has a 1-year low of $15.18 and a 1-year high of $19.16. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.66. The stock has a 50-day moving average of $17.30 and a 200 day moving average of $17.92.
Physicians Realty Trust (NYSE:DOC) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.22). The business had revenue of $94.90 million for the quarter, compared to analyst estimates of $105.92 million. Physicians Realty Trust had a return on equity of 2.11% and a net margin of 12.61%. The firm’s revenue for the quarter was down 11.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 EPS. As a group, sell-side analysts predict that Physicians Realty Trust will post 1 EPS for the current year.
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.
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