Physicians Realty Trust (NYSE:DOC) Expected to Announce Quarterly Sales of $127.70 Million

Equities analysts expect Physicians Realty Trust (NYSE:DOCGet Rating) to report $127.70 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Physicians Realty Trust’s earnings. The highest sales estimate is $131.99 million and the lowest is $116.52 million. Physicians Realty Trust posted sales of $113.34 million in the same quarter last year, which suggests a positive year over year growth rate of 12.7%. The business is scheduled to issue its next quarterly earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Physicians Realty Trust will report full year sales of $519.64 million for the current fiscal year, with estimates ranging from $468.66 million to $541.71 million. For the next fiscal year, analysts expect that the business will report sales of $543.54 million, with estimates ranging from $474.04 million to $588.56 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Physicians Realty Trust.

Physicians Realty Trust (NYSE:DOCGet Rating) last issued its quarterly earnings results 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). Physicians Realty Trust had a return on equity of 2.98% and a net margin of 18.34%. The firm had revenue of $116.12 million for the quarter, compared to analyst estimates of $116.76 million. During the same quarter last year, the firm earned $0.26 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year.

A number of brokerages recently weighed in on DOC. Colliers Securities reaffirmed a “buy” rating and set a $20.00 price objective on shares of Physicians Realty Trust in a report on Thursday, February 24th. Morgan Stanley reduced their price objective on shares of Physicians Realty Trust from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, March 7th. Credit Suisse Group initiated coverage on shares of Physicians Realty Trust in a report on Tuesday, February 1st. They set a “neutral” rating and a $19.00 price objective on the stock. StockNews.com began coverage on shares of Physicians Realty Trust in a report on Thursday, March 31st. They issued a “sell” rating for the company. Finally, Royal Bank of Canada reduced their price target on shares of Physicians Realty Trust from $19.00 to $18.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $19.43.

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of Physicians Realty Trust by 5.8% during the fourth quarter. BlackRock Inc. now owns 32,489,088 shares of the real estate investment trust’s stock valued at $611,769,000 after acquiring an additional 1,782,626 shares during the period. Alliancebernstein L.P. increased its position in Physicians Realty Trust by 1.4% in the 3rd quarter. Alliancebernstein L.P. now owns 13,066,817 shares of the real estate investment trust’s stock valued at $230,237,000 after acquiring an additional 175,758 shares during the period. State Street Corp lifted its holdings in Physicians Realty Trust by 10.4% in the 4th quarter. State Street Corp now owns 9,750,142 shares of the real estate investment trust’s stock valued at $183,595,000 after acquiring an additional 917,896 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Physicians Realty Trust by 15.7% during the 4th quarter. Northern Trust Corp now owns 4,515,918 shares of the real estate investment trust’s stock worth $85,035,000 after acquiring an additional 611,395 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Physicians Realty Trust by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 4,384,611 shares of the real estate investment trust’s stock worth $82,562,000 after acquiring an additional 230,048 shares during the last quarter. 86.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DOC stock 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. The stock has a 50 day simple moving average of $17.20 and a 200-day simple moving average of $17.97. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 46.42, a price-to-earnings-growth ratio of 2.50 and a beta of 0.86. Physicians Realty Trust has a 12-month low of $16.07 and a 12-month high of $19.59.

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

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.

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