Wall Street analysts expect Physicians Realty Trust (NYSE:DOC) to post $107.68 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Physicians Realty Trust’s earnings, with the highest sales estimate coming in at $111.34 million and the lowest estimate coming in at $102.40 million. Physicians Realty Trust posted sales of $94.90 million in the same quarter last year, which suggests a positive year over year growth rate of 13.5%. The firm is scheduled to issue its next earnings report on Wednesday, August 5th.
According to Zacks, analysts expect that Physicians Realty Trust will report full-year sales of $435.21 million for the current financial year, with estimates ranging from $427.00 million to $447.59 million. For the next year, analysts anticipate that the company will post sales of $451.76 million, with estimates ranging from $432.70 million to $483.10 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Physicians Realty Trust.
Physicians Realty Trust (NYSE:DOC) last posted its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.19). The company had revenue of $107.43 million for the quarter, compared to analyst estimates of $108.64 million. Physicians Realty Trust had a net margin of 18.65% and a return on equity of 3.10%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 EPS.
Shares of DOC traded up $0.10 during trading hours on Monday, reaching $16.68. 2,528,400 shares of the company traded hands, compared to its average volume of 2,937,017. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $3.38 billion, a PE ratio of 40.68, a price-to-earnings-growth ratio of 10.19 and a beta of 0.84. Physicians Realty Trust has a fifty-two week low of $11.01 and a fifty-two week high of $20.78. The stock has a fifty day simple moving average of $15.41 and a 200 day simple moving average of $17.69.
In other news, insider John W. Lucey acquired 3,145 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were bought at an average cost of $15.97 per share, for a total transaction of $50,225.65. Following the acquisition, the insider now directly owns 92,699 shares in the company, valued at approximately $1,480,403.03. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO John T. Thomas acquired 6,300 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was purchased at an average price of $15.79 per share, for a total transaction of $99,477.00. Following the completion of the acquisition, the chief executive officer now owns 327,901 shares in the company, valued at $5,177,556.79. The disclosure for this purchase can be found here. Company insiders own 0.64% of the company’s stock.
Several large investors have recently made changes to their positions in DOC. First Trust Advisors LP raised its holdings in shares of Physicians Realty Trust by 153.1% during the 1st quarter. First Trust Advisors LP now owns 229,306 shares of the real estate investment trust’s stock valued at $4,313,000 after buying an additional 138,703 shares during the period. Exane Derivatives purchased a new stake in shares of Physicians Realty Trust during the 4th quarter valued at about $216,000. Rothschild Investment Corp IL purchased a new stake in shares of Physicians Realty Trust during the 4th quarter valued at about $339,000. Optimum Investment Advisors raised its holdings in shares of Physicians Realty Trust by 15.1% during the 4th quarter. Optimum Investment Advisors now owns 4,375 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 575 shares during the period. Finally, Mckinley Capital Management LLC Delaware raised its holdings in shares of Physicians Realty Trust by 8.2% during the 4th quarter. Mckinley Capital Management LLC Delaware now owns 44,306 shares of the real estate investment trust’s stock valued at $839,000 after buying an additional 3,349 shares during the period. Institutional investors and hedge funds own 89.15% of the company’s stock.
About Physicians Realty Trust
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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