Physicians Realty Trust (DOC) Shares Bought by Bank of Nova Scotia

Bank of Nova Scotia boosted its stake in shares of Physicians Realty Trust (NYSE:DOC) by 41.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 85,701 shares of the real estate investment trust’s stock after acquiring an additional 25,187 shares during the quarter. Bank of Nova Scotia owned approximately 0.05% of Physicians Realty Trust worth $1,726,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Alliancebernstein L.P. grew its holdings in Physicians Realty Trust by 3.7% during the 2nd quarter. Alliancebernstein L.P. now owns 288,816 shares of the real estate investment trust’s stock worth $5,817,000 after acquiring an additional 10,257 shares during the last quarter. UBS Group AG boosted its stake in shares of Physicians Realty Trust by 8.4% in the 1st quarter. UBS Group AG now owns 133,772 shares of the real estate investment trust’s stock valued at $2,658,000 after purchasing an additional 10,327 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Physicians Realty Trust by 32.7% in the 2nd quarter. Bank of Montreal Can now owns 52,166 shares of the real estate investment trust’s stock valued at $1,051,000 after purchasing an additional 12,845 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Physicians Realty Trust by 11.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 582,265 shares of the real estate investment trust’s stock valued at $11,570,000 after purchasing an additional 60,006 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Physicians Realty Trust by 16.7% in the 2nd quarter. Rhumbline Advisers now owns 205,537 shares of the real estate investment trust’s stock valued at $4,140,000 after purchasing an additional 29,372 shares during the last quarter. 94.20% of the stock is currently owned by hedge funds and other institutional investors.

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DOC has been the topic of several recent research reports. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $23.00 target price on shares of Physicians Realty Trust in a research note on Friday, June 30th. Stifel Nicolaus reduced their target price on shares of Physicians Realty Trust from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $21.00 target price on shares of Physicians Realty Trust in a research note on Wednesday, September 13th. Morgan Stanley raised shares of Physicians Realty Trust from an “underweight” rating to an “equal weight” rating and set a $18.00 target price on the stock in a research note on Monday, July 24th. Finally, Capital One Financial Corporation started coverage on shares of Physicians Realty Trust in a research report on Monday, September 25th. They issued an “equal weight” rating and a $19.50 price target on the stock. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $20.54.

Shares of Physicians Realty Trust (NYSE:DOC) opened at 17.93 on Friday. The company has a 50 day moving average of $18.14 and a 200-day moving average of $19.21. Physicians Realty Trust has a 12 month low of $17.12 and a 12 month high of $21.85. The firm has a market capitalization of $2.82 billion, a P/E ratio of 76.62 and a beta of 0.53.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 18th. Shareholders of record on Tuesday, October 3rd were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date was Monday, October 2nd. Physicians Realty Trust’s payout ratio is 400.02%.

About Physicians Realty Trust

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.

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

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