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. The Company conducts its business through an UPREIT structure in which its properties are owned by Physicians Realty L.P., a Delaware limited partnership (the operating partnership), directly or through limited partnerships, limited liability companies or other subsidiaries. The Company is the sole general partner of the operating partnership and, as of September 30, 2020, owned approximately 97.4% of OP Units.
Analyst Ratings Changes
DOC has been the topic of several recent analyst reports. TheStreet lowered shares of Physicians Realty Trust from a "b-" rating to a "c+" rating in a report on Tuesday, June 28th. Capital One Financial initiated coverage on shares of Physicians Realty Trust in a report on Friday, June 3rd. They issued an "equal weight" rating and a $20.00 target price on the stock. Bank of America lowered shares of Physicians Realty Trust from a "neutral" rating to an "underperform" rating and set a $18.00 target price on the stock. in a report on Thursday, May 19th. StockNews.com upgraded shares of Physicians Realty Trust from a "sell" rating to a "hold" rating in a report on Monday, August 8th. Finally, Jefferies Financial Group dropped their price objective on shares of Physicians Realty Trust from $21.00 to $20.00 and set a "buy" rating on the stock in a report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $18.70.
Physicians Realty Trust Trading Up 1.5 %
DOC opened at $18.16 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.19 and a quick ratio of 1.19. Physicians Realty Trust has a fifty-two week low of $16.07 and a fifty-two week high of $19.30. The firm has a market capitalization of $4.11 billion, a PE ratio of 51.89, a P/E/G ratio of 2.90 and a beta of 0.79. The company's 50-day moving average is $17.26 and its 200 day moving average is $17.40.
Physicians Realty Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 19th. Investors of record on Tuesday, July 5th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, July 1st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.07%. Physicians Realty Trust's dividend payout ratio is presently 262.86%.
Insider Buying and Selling
In other Physicians Realty Trust news, Director Pamela Shelley-Kessler bought 3,000 shares of the stock in a transaction that occurred on Tuesday, June 14th. The shares were bought at an average price of $16.81 per share, for a total transaction of $50,430.00. Following the acquisition, the director now directly owns 3,000 shares of the company's stock, valued at approximately $50,430. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.89% of the stock is currently owned by company insiders.