Physicians Realty Trust (NYSE:DOC) Declares $0.23 Quarterly Dividend

Physicians Realty Trust (NYSE:DOCGet Rating) declared a quarterly dividend on Friday, June 17th, Zacks reports. Stockholders of record on Tuesday, July 5th will be paid a dividend of 0.23 per share by the real estate investment trust on Tuesday, July 19th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date of this dividend is Friday, July 1st.

Physicians Realty Trust has a payout ratio of 353.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Physicians Realty Trust to earn $1.11 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 82.9%.

Shares of Physicians Realty Trust stock opened at $16.98 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a 50 day simple moving average of $17.74 and a 200 day simple moving average of $17.75. 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 cap of $3.83 billion, a P/E ratio of 47.17, a P/E/G ratio of 2.68 and a beta of 0.81.

Physicians Realty Trust (NYSE:DOCGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.22). The firm had revenue of $130.39 million during the quarter, compared to the consensus estimate of $126.51 million. Physicians Realty Trust had a net margin of 16.82% and a return on equity of 2.78%. Physicians Realty Trust’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 EPS. On average, sell-side analysts expect that Physicians Realty Trust will post 1.09 EPS for the current year.

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of Physicians Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, May 24th. Colliers Securities reaffirmed a “buy” rating and set a $20.00 price objective on shares of Physicians Realty Trust in a research note on Thursday, February 24th. Capital One Financial started coverage on Physicians Realty Trust in a research note on Friday, June 3rd. They issued an “equal weight” rating and a $20.00 target price on the stock. Royal Bank of Canada cut their price target on shares of Physicians Realty Trust from $19.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 9th. Finally, Barclays began coverage on shares of Physicians Realty Trust in a research note on Tuesday, April 26th. They set an “overweight” rating and a $20.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Physicians Realty Trust has an average rating of “Hold” and an average target price of $19.06.

In related news, Director Pamela Shelley-Kessler acquired 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 14th. The stock was 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 $50,430. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.79% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in DOC. Public Employees Retirement System of Ohio lifted its position in Physicians Realty Trust by 12.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 6,105 shares of the real estate investment trust’s stock worth $115,000 after acquiring an additional 683 shares during the last quarter. NEXT Financial Group Inc boosted its stake in Physicians Realty Trust by 30.6% in the 4th quarter. NEXT Financial Group Inc now owns 2,942 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 690 shares during the period. Colony Group LLC grew its holdings in Physicians Realty Trust by 5.7% in the 4th quarter. Colony Group LLC now owns 16,073 shares of the real estate investment trust’s stock valued at $303,000 after buying an additional 870 shares in the last quarter. Cibc World Markets Corp increased its position in Physicians Realty Trust by 0.9% during the 1st quarter. Cibc World Markets Corp now owns 111,081 shares of the real estate investment trust’s stock worth $1,948,000 after buying an additional 956 shares during the period. Finally, Comerica Bank lifted its holdings in shares of Physicians Realty Trust by 1.0% during the fourth quarter. Comerica Bank now owns 106,684 shares of the real estate investment trust’s stock worth $1,948,000 after buying an additional 1,005 shares in the last quarter. 87.64% of the stock is owned by institutional investors and hedge funds.

About Physicians Realty Trust (Get Rating)

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.

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Dividend History for Physicians Realty Trust (NYSE:DOC)

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