Castleark Management LLC Buys New Position in Physicians Realty Trust (DOC)

Castleark Management LLC bought a new position in Physicians Realty Trust (NYSE:DOC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 407,145 shares of the real estate investment trust’s stock, valued at approximately $8,200,000. Castleark Management LLC owned approximately 0.26% of Physicians Realty Trust at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DOC. UBS Asset Management Americas Inc. grew its stake in shares of Physicians Realty Trust by 33.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 277,629 shares of the real estate investment trust’s stock worth $5,516,000 after acquiring an additional 69,901 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Physicians Realty Trust in the 1st quarter worth $439,000. American International Group Inc. grew its stake in shares of Physicians Realty Trust by 7.0% in the 1st quarter. American International Group Inc. now owns 83,196 shares of the real estate investment trust’s stock worth $1,653,000 after acquiring an additional 5,457 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of Physicians Realty Trust by 51.1% in the 1st quarter. Neuberger Berman Group LLC now owns 27,283 shares of the real estate investment trust’s stock worth $542,000 after acquiring an additional 9,225 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Physicians Realty Trust by 1.7% in the 1st quarter. Alliancebernstein L.P. now owns 278,559 shares of the real estate investment trust’s stock worth $5,535,000 after acquiring an additional 4,761 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Physicians Realty Trust (NYSE:DOC) remained flat at $18.05 during trading on Friday. 149,202 shares of the stock were exchanged. Physicians Realty Trust has a 52 week low of $17.12 and a 52 week high of $21.85. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 77.14 and a beta of 0.53. The firm has a 50 day moving average of $18.21 and a 200-day moving average of $19.28.

Physicians Realty Trust (NYSE:DOC) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. The business had revenue of $76.60 million during the quarter, compared to analyst estimates of $80.48 million. Physicians Realty Trust had a return on equity of 1.75% and a net margin of 11.51%. Physicians Realty Trust’s revenue was up 43.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 EPS. On average, analysts predict that Physicians Realty Trust will post $0.26 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Tuesday, October 3rd will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.10%. Physicians Realty Trust’s dividend payout ratio is currently 400.02%.

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Several research firms have recently issued reports on DOC. Stifel Nicolaus reduced their target price on shares of Physicians Realty Trust from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, July 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $21.00 target price on shares of Physicians Realty Trust in a research note on Wednesday, September 13th. KeyCorp upgraded shares of Physicians Realty Trust from a “sector weight” rating to an “overweight” rating in a research note on Thursday. Morgan Stanley upgraded shares of Physicians Realty Trust from an “underweight” rating to an “equal weight” rating and set a $18.00 target price for the company in a research note on Monday, July 24th. Finally, Jefferies Group LLC lowered shares of Physicians Realty Trust from a “hold” rating to an “underperform” rating and reduced their target price for the stock from $21.00 to $17.00 in a research note on Friday, July 7th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $20.54.

Physicians Realty Trust Company Profile

Physicians Realty Trust (the Trust) is a real estate investment trust. Physicians Realty L.P. is the operating partnership of the Trust. The Trust and its operating partnership are engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems.

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Institutional Ownership by Quarter for Physicians Realty Trust (NYSE:DOC)

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