Physicians Realty Trust (NYSE:DOC) Short Interest Update

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Physicians Realty Trust (NYSE:DOC) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 4,640,000 shares, a growth of 14.6% from the January 15th total of 4,050,000 shares. Based on an average trading volume of 1,680,000 shares, the days-to-cover ratio is presently 2.8 days. Approximately 2.5% of the shares of the stock are short sold.

In other news, EVP Mark D. Theine bought 2,650 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was bought at an average price of $19.00 per share, for a total transaction of $50,350.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John T. Thomas sold 5,000 shares of Physicians Realty Trust stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $19.02, for a total transaction of $95,100.00. Following the completion of the transaction, the chief executive officer now owns 290,500 shares of the company’s stock, valued at approximately $5,525,310. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its holdings in shares of Physicians Realty Trust by 153.1% in the 1st quarter. First Trust Advisors LP now owns 229,306 shares of the real estate investment trust’s stock worth $4,313,000 after purchasing an additional 138,703 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Physicians Realty Trust by 373.0% during the third quarter. Nisa Investment Advisors LLC now owns 92,543 shares of the real estate investment trust’s stock valued at $1,643,000 after purchasing an additional 72,978 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Physicians Realty Trust by 13.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 92,562 shares of the real estate investment trust’s stock valued at $1,643,000 after purchasing an additional 10,789 shares in the last quarter. Brinker Capital Inc. raised its stake in shares of Physicians Realty Trust by 7.4% during the third quarter. Brinker Capital Inc. now owns 121,015 shares of the real estate investment trust’s stock valued at $2,148,000 after purchasing an additional 8,335 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of Physicians Realty Trust by 27.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 676,300 shares of the real estate investment trust’s stock valued at $12,005,000 after purchasing an additional 144,300 shares in the last quarter. 90.73% of the stock is owned by institutional investors.

DOC has been the subject of a number of recent analyst reports. Citigroup raised Physicians Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $18.50 to $21.00 in a report on Thursday, December 12th. B. Riley reissued a “buy” rating on shares of Physicians Realty Trust in a research note on Friday, November 8th. Mizuho initiated coverage on Physicians Realty Trust in a report on Thursday, December 19th. They set a “buy” rating and a $20.00 target price on the stock. Zacks Investment Research lowered Physicians Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus raised Physicians Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $19.00 to $21.00 in a report on Tuesday, November 26th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $19.52.

NYSE:DOC traded up $0.33 during trading hours on Friday, hitting $20.74. 1,148,400 shares of the stock were exchanged, compared to its average volume of 1,820,768. The company has a market capitalization of $3.80 billion, a P/E ratio of 86.42, a price-to-earnings-growth ratio of 14.68 and a beta of 0.46. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.66. The company’s 50 day moving average is $19.29 and its two-hundred day moving average is $18.27. Physicians Realty Trust has a twelve month low of $16.55 and a twelve month high of $20.75.

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a $0.23 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $0.92 annualized dividend and a dividend yield of 4.44%. Physicians Realty Trust’s dividend payout ratio (DPR) is currently 85.19%.

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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