Physicians Realty Trust of Ben (NYSE:DOC).
On July 7 the company was downgraded to “Underperform” from “” in a report from Jefferies. On November 7, 2016 the stock rating was changed to a “Strong Buy” in a report from Raymond James up from the previous “” rating.
BTIG Research began coverage of the stock with an initial rating of “Buy” and setting a price target of $25.00. On June 22 the company was rated “Market Perform” by JMP Securities a cut from the previous “Outperform” rating.
Equity analyst SunTrust Robinson Humphrey released its first research report on the stock with a rating of “Neutral”.
The company is so far trading up by 1.42% since yesterday’s close of $18.3. The company declared a dividend for shareholders to be paid on Tuesday the 18th of July 2017. The dividend payment will be $0.230 per share for the quarter which comes to $0.92 on an annualized basis. This dividend amount will represent a yeild of $4.84. The ex-dividend date is Thursday the 29th of June 2017.
The stock is trading at $18.56 which is a tad under the 50 day moving average which is $20.72 and slightly below the 200 day moving average of $19.59. The 50 day moving average went down by -10.346% and the 200 day average went down $-1.01 or -5.176%.
Physicians Realty Trust (the Trust), launched on April 9, 2013, 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. As of December 31, 2016, the Business’s portfolio consisted of 246 properties located in 29 states with approximately 10,883,601 net leasable square feet..
The P/E ratio is currently 84.050 and the market cap of the company is 2.85B. In the latest earnings report the EPS was $0.22 and is projected to be $0.29 for the current year with 153,299,000 shares currently outstanding. Next quarter’s EPS is expected be $0.08 with next year’s EPS projected to be $0.29.