Physicians Realty Trust (NYSE:DOC) Posts Quarterly Earnings Results, Misses Expectations By $0.22 EPS

Physicians Realty Trust (NYSE:DOC) issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.22), Fidelity Earnings reports. The company had revenue of $94.90 million for the quarter, compared to the consensus estimate of $105.92 million. Physicians Realty Trust had a net margin of 12.61% and a return on equity of 2.11%. The firm’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same quarter last year, the company earned $0.28 EPS.

DOC opened at $17.33 on Friday. The company has a market capitalization of $3.19 billion, a PE ratio of 16.05 and a beta of 0.46. Physicians Realty Trust has a 1-year low of $15.18 and a 1-year high of $19.16. The firm’s 50 day simple moving average is $17.28 and its two-hundred day simple moving average is $18.05. The company has a current ratio of 1.24, a quick ratio of 1.53 and a debt-to-equity ratio of 0.66.

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, July 3rd were given a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, July 2nd. This represents a $0.92 annualized dividend and a yield of 5.31%. Physicians Realty Trust’s payout ratio is presently 85.19%.

DOC has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Physicians Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday. Capital One Financial downgraded shares of Physicians Realty Trust from an “overweight” rating to an “equal weight” rating and set a $18.75 price target on the stock. in a research report on Thursday, May 2nd. BMO Capital Markets downgraded shares of Physicians Realty Trust from an “outperform” rating to a “market perform” rating and set a $17.45 price target on the stock. in a research report on Tuesday, May 7th. ValuEngine downgraded shares of Physicians Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Finally, Citigroup began coverage on shares of Physicians Realty Trust in a research report on Thursday, June 20th. They issued a “neutral” rating and a $18.50 price target on the stock. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.45.

In related news, CEO John T. Thomas sold 3,700 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $17.50, for a total transaction of $64,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John T. Thomas sold 5,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $18.26, for a total transaction of $91,300.00. Following the transaction, the insider now directly owns 311,251 shares of the company’s stock, valued at $5,683,443.26. The disclosure for this sale can be found here. Insiders have sold a total of 20,000 shares of company stock worth $353,800 over the last 90 days. Insiders own 0.62% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of DOC. Vaughan Nelson Investment Management L.P. purchased a new position in Physicians Realty Trust during the first quarter valued at $42,647,000. Norges Bank purchased a new position in Physicians Realty Trust during the fourth quarter valued at $35,906,000. FIL Ltd purchased a new position in Physicians Realty Trust during the first quarter valued at $20,691,000. Investment Counselors of Maryland LLC purchased a new position in Physicians Realty Trust during the second quarter valued at $15,064,000. Finally, Nuveen Asset Management LLC grew its stake in Physicians Realty Trust by 189.1% during the second quarter. Nuveen Asset Management LLC now owns 799,612 shares of the real estate investment trust’s stock valued at $13,945,000 after acquiring an additional 523,044 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

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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Earnings History for Physicians Realty Trust (NYSE:DOC)

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