FY2023 EPS Estimates for Physicians Realty Trust (NYSE:DOC) Reduced by Analyst

Physicians Realty Trust (NYSE:DOCGet Rating) – Stock analysts at Jefferies Financial Group reduced their FY2023 earnings per share (EPS) estimates for Physicians Realty Trust in a report issued on Thursday, April 14th. Jefferies Financial Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings of $1.13 per share for the year, down from their prior forecast of $1.14. Jefferies Financial Group also issued estimates for Physicians Realty Trust’s Q4 2023 earnings at $0.28 EPS and FY2024 earnings at $1.15 EPS.

A number of other research firms have also weighed in on DOC. BMO Capital Markets lowered shares of Physicians Realty Trust from an “outperform” rating to a “market perform” rating and set a $20.00 price objective on the stock. in a research report on Friday, January 7th. Credit Suisse Group started coverage on shares of Physicians Realty Trust in a report on Tuesday, February 1st. They issued a “neutral” rating and a $19.00 price target for the company. Colliers Securities reissued a “buy” rating and set a $20.00 target price on shares of Physicians Realty Trust in a report on Thursday, February 24th. Royal Bank of Canada cut their price objective on shares of Physicians Realty Trust from $19.00 to $18.00 and set a “sector perform” rating for the company in a report on Wednesday, March 9th. Finally, Morgan Stanley dropped their target price on shares of Physicians Realty Trust from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, March 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.43.

Shares of NYSE DOC opened at $17.64 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. Physicians Realty Trust has a 12-month low of $16.07 and a 12-month high of $19.59. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 46.42, a P/E/G ratio of 2.50 and a beta of 0.86. The firm’s 50-day moving average price is $17.19 and its 200-day moving average price is $17.97.

Physicians Realty Trust (NYSE:DOCGet Rating) last issued its quarterly earnings data 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 business had revenue of $116.12 million for the quarter, compared to the consensus estimate of $116.76 million. Physicians Realty Trust had a net margin of 18.34% and a return on equity of 2.98%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 EPS.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Shareholders of record on Thursday, March 31st were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend was Wednesday, March 30th. Physicians Realty Trust’s dividend payout ratio is presently 242.11%.

Several large investors have recently made changes to their positions in DOC. Covestor Ltd purchased a new position in shares of Physicians Realty Trust in the 4th quarter valued at $25,000. Dark Forest Capital Management LP grew its position in shares of 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 buying an additional 1,693 shares during the last quarter. UMB Bank N A MO purchased a new position in shares of Physicians Realty Trust in the 4th quarter valued at $48,000. NEXT Financial Group Inc grew its position in Physicians Realty Trust by 30.6% during the 4th quarter. NEXT Financial Group Inc now owns 2,942 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 690 shares during the last quarter. Finally, PYA Waltman Capital LLC purchased a new position in Physicians Realty Trust during the 4th quarter worth $77,000. 86.87% of the stock is currently owned by institutional investors.

About Physicians Realty Trust (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.

Further Reading

Earnings History and Estimates for Physicians Realty Trust (NYSE:DOC)

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