Hunter Associates Investment Management LLC cut its stake in Physicians Realty Trust (NYSE:DOC) by 6.7% during the fourth quarter, Holdings Channel reports. The fund owned 14,000 shares of the real estate investment trust’s stock after selling 1,000 shares during the period. Hunter Associates Investment Management LLC’s holdings in Physicians Realty Trust were worth $265,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the company. Hexavest Inc. bought a new position in shares of Physicians Realty Trust during the third quarter valued at $131,000. Integrated Wealth Management bought a new position in shares of Physicians Realty Trust during the second quarter valued at $210,000. Pinnacle Financial Partners Inc. bought a new position in shares of Physicians Realty Trust during the second quarter valued at $215,000. Aperio Group LLC bought a new position in shares of Physicians Realty Trust during the third quarter valued at $226,000. Finally, People s United Financial Inc. bought a new position in shares of Physicians Realty Trust during the third quarter valued at $248,000. Institutional investors own 96.44% of the company’s stock.
Physicians Realty Trust (NYSE:DOC) traded up 0.16% during mid-day trading on Monday, hitting $19.08. The stock had a trading volume of 580,160 shares. The company has a 50 day moving average price of $18.75 and a 200-day moving average price of $19.67. Physicians Realty Trust has a one year low of $16.25 and a one year high of $22.03. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 87.12 and a beta of 0.54.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 18th. Stockholders of record on Thursday, January 5th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.72%. The ex-dividend date was Tuesday, January 3rd. Physicians Realty Trust’s dividend payout ratio (DPR) is presently 409.11%.
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Several research analysts have recently weighed in on DOC shares. Zacks Investment Research upgraded Physicians Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, January 18th. KeyCorp cut Physicians Realty Trust to an “overweight” rating in a report on Wednesday, December 21st. TheStreet upgraded Physicians Realty Trust from a “c+” rating to a “b-” rating in a report on Friday, January 27th. Cantor Fitzgerald restated a “buy” rating and set a $23.00 target price on shares of Physicians Realty Trust in a report on Friday, November 11th. Finally, 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 on the stock. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $21.00.
In other news, Director Tommy G. Thompson bought 2,100 shares of Physicians Realty Trust stock in a transaction on Wednesday, November 23rd. The stock was purchased at an average cost of $18.05 per share, with a total value of $37,905.00. Following the purchase, the director now directly owns 32,938 shares of the company’s stock, valued at approximately $594,530.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tommy G. Thompson bought 14,400 shares of Physicians Realty Trust stock in a transaction on Thursday, November 17th. The shares were purchased at an average cost of $18.04 per share, with a total value of $259,776.00. Following the completion of the purchase, the director now directly owns 30,838 shares in the company, valued at $556,317.52. The disclosure for this purchase can be found here. Insiders own 0.54% of the company’s stock.
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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