Physicians Realty Trust (NYSE:DOC) announced a quarterly dividend on Monday, March 20th. Stockholders of record on Wednesday, April 5th will be given a dividend of 0.225 per share by the real estate investment trust on Tuesday, April 18th. This represents a $0.90 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Monday, April 3rd.
Shares of Physicians Realty Trust (NYSE:DOC) opened at 18.89 on Tuesday. Physicians Realty Trust has a 1-year low of $17.12 and a 1-year high of $22.03. The stock’s 50 day moving average is $19.13 and its 200 day moving average is $19.35. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 85.09 and a beta of 0.54.
Physicians Realty Trust (NYSE:DOC) last posted its quarterly earnings data on Friday, February 24th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.17. Physicians Realty Trust had a return on equity of 1.77% and a net margin of 12.86%. The firm earned $73.70 million during the quarter, compared to analysts’ expectations of $74.07 million. During the same period in the prior year, the business earned $0.26 EPS. The company’s revenue for the quarter was up 82.4% compared to the same quarter last year. On average, equities analysts forecast that Physicians Realty Trust will post $0.33 EPS for the current year.
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DOC has been the subject of a number of research reports. Canaccord Genuity reiterated a “buy” rating and issued a $20.00 price objective on shares of Physicians Realty Trust in a report on Thursday, January 5th. Jefferies Group LLC initiated coverage on Physicians Realty Trust in a report on Friday, December 16th. They set a “hold” rating and a $19.50 target price for the company. Zacks Investment Research upgraded Physicians Realty Trust from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Tuesday, February 14th. Robert W. Baird initiated coverage on Physicians Realty Trust in a report on Thursday, March 9th. They set an “outperform” rating and a $21.00 target price for the company. Finally, KeyCorp cut Physicians Realty Trust to an “overweight” rating in a report on Wednesday, December 21st. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $21.43.
About Physicians Realty Trust
Physicians Realty Trust is a healthcare real estate company. The Company is engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company’s portfolio includes approximately 150 properties located in approximately 30 states with approximately 5,799,340 net leasable square feet.
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