Physicians Realty Trust (NYSE:DOC) Expected to Post Earnings of $0.28 Per Share

Equities research analysts forecast that Physicians Realty Trust (NYSE:DOCGet Rating) will announce $0.28 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Physicians Realty Trust’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.29. Physicians Realty Trust reported earnings of $0.27 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 3.7%. The company is expected to report 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 earnings of $1.11 per share for the current financial year, with EPS estimates ranging from $1.07 to $1.17. For the next year, analysts expect that the firm will report earnings of $1.13 per share, with EPS estimates ranging from $1.10 to $1.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for 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 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.14). The firm 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 business’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $0.26 EPS.

A number of research firms recently weighed in on DOC. Credit Suisse Group began coverage on shares of Physicians Realty Trust in a report on Tuesday, February 1st. They issued a “neutral” rating and a $19.00 target price on the stock. 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 for the company. in a research note on Friday, January 7th. StockNews.com started coverage on shares of Physicians Realty Trust in a research note on Thursday, March 31st. They issued a “sell” rating for the company. Royal Bank of Canada decreased 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 research note on Wednesday, March 9th. Finally, Morgan Stanley decreased 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $19.43.

DOC stock opened at $17.64 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 1.43. Physicians Realty Trust has a 1 year low of $16.07 and a 1 year high of $19.59. The stock has a market capitalization of $3.98 billion, a PE ratio of 46.42, a price-to-earnings-growth ratio of 2.50 and a beta of 0.86. The company’s 50-day moving average is $17.20 and its 200-day moving average is $17.97.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Thursday, March 31st were given a dividend of $0.23 per share. 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 currently 242.11%.

Institutional investors have recently added to or reduced their stakes in the company. Retirement Systems of Alabama grew its position in shares of Physicians Realty Trust by 2.5% during the 4th quarter. Retirement Systems of Alabama now owns 288,463 shares of the real estate investment trust’s stock valued at $5,432,000 after acquiring an additional 6,963 shares during the period. UBS Group AG grew its position in shares of Physicians Realty Trust by 14.3% during the 3rd quarter. UBS Group AG now owns 687,955 shares of the real estate investment trust’s stock valued at $12,122,000 after acquiring an additional 85,933 shares during the period. Ontario Teachers Pension Plan Board boosted its holdings in Physicians Realty Trust by 206.7% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 71,695 shares of the real estate investment trust’s stock worth $1,263,000 after buying an additional 48,317 shares during the period. Yousif Capital Management LLC bought a new position in Physicians Realty Trust in the 4th quarter worth approximately $2,035,000. Finally, New York State Teachers Retirement System boosted its holdings in Physicians Realty Trust by 12.2% in the 3rd quarter. New York State Teachers Retirement System now owns 169,804 shares of the real estate investment trust’s stock worth $2,992,000 after buying an additional 18,448 shares during the period. 86.87% of the stock is owned by hedge funds and other 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.

Read More

Get a free copy of the Zacks research report on Physicians Realty Trust (DOC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Physicians Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Physicians Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.