Brokers Offer Predictions for Physicians Realty Trust’s FY2017 Earnings (DOC)

Brokers Offer Predictions for Physicians Realty Trust’s FY2017 Earnings (DOC)

Physicians Realty Trust (NYSE:DOC) – Research analysts at KeyCorp decreased their FY2017 earnings per share (EPS) estimates for Physicians Realty Trust in a research report issued on Tuesday. KeyCorp analyst J. Sadler now anticipates that the firm will earn $1.15 per share for the year, down from their prior forecast of $1.24. KeyCorp has a “Overweight” rating on the stock.

A number of other research firms have also recently weighed in on DOC. Canaccord Genuity restated a “buy” rating and issued a $20.00 price target on shares of Physicians Realty Trust in a report on Thursday, January 5th. Jefferies Group LLC initiated coverage on Physicians Realty Trust in a report on Friday, December 16th. They issued a “hold” rating and a $19.50 price target for the company. Zacks Investment Research upgraded Physicians Realty Trust from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, February 14th. Robert W. Baird initiated coverage on Physicians Realty Trust in a report on Thursday, March 9th. They issued an “outperform” rating and a $21.00 price target for the company. Finally, TheStreet upgraded Physicians Realty Trust from a “c+” rating to a “b-” rating in a report on Friday, January 27th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Physicians Realty Trust presently has a consensus rating of “Buy” and a consensus price target of $21.43.

Physicians Realty Trust (NYSE:DOC) opened at 19.02 on Friday. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 85.68 and a beta of 0.54. Physicians Realty Trust has a 52 week low of $17.12 and a 52 week high of $22.03. The firm’s 50-day moving average is $19.13 and its 200 day moving average is $19.35.

Physicians Realty Trust (NYSE:DOC) last announced its earnings results on Friday, February 24th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.17. The company earned $73.70 million during the quarter, compared to analyst estimates of $74.07 million. Physicians Realty Trust had a net margin of 12.86% and a return on equity of 1.77%. Physicians Realty Trust’s revenue was up 82.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.26 earnings per share.

Institutional investors have recently made changes to their positions in the stock. BlackRock Fund Advisors raised its position in shares of Physicians Realty Trust by 28.6% in the third quarter. BlackRock Fund Advisors now owns 4,473,548 shares of the real estate investment trust’s stock worth $96,360,000 after buying an additional 995,055 shares during the last quarter. Bank of Montreal Can raised its position in shares of Physicians Realty Trust by 257.2% in the third quarter. Bank of Montreal Can now owns 117,309 shares of the real estate investment trust’s stock worth $2,527,000 after buying an additional 84,464 shares during the last quarter. BlackRock Inc. raised its position in shares of Physicians Realty Trust by 11.3% in the third quarter. BlackRock Inc. now owns 170,407 shares of the real estate investment trust’s stock worth $3,670,000 after buying an additional 17,347 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Physicians Realty Trust by 8.2% in the third quarter. Principal Financial Group Inc. now owns 7,035,722 shares of the real estate investment trust’s stock worth $151,550,000 after buying an additional 531,308 shares during the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new position in shares of Physicians Realty Trust during the third quarter worth about $2,852,000. 96.44% of the stock is currently owned by institutional investors.

About Physicians Realty Trust

Physicians Realty Trust is a healthcare real estate company. The Company is engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company’s portfolio includes approximately 150 properties located in approximately 30 states with approximately 5,799,340 net leasable square feet.

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