Physicians Realty Trust
) shares have been enjoying positive momentum lately, with the
stock recently hitting a 52 week high and up more than +9% year to
But after this positive price momentum, investors have to be
wondering if Physicians Realty can continue to push higher or if a
pullback is overdue. One place to find the answer could be in the
recent earnings estimate revision activity that is taking place in
Despite the move higher in Physicians Realty's stock price, we have
seen pretty negative earnings estimate revisions as of late, which
means that analysts are becoming more bearish about DOC's
prospects. In fact, 2 estimates have gone lower in the past two
months compared to none moving higher, while the consensus estimate
has moved in the wrong direction over the same time frame too.
We actually give DOC a Zacks Rank #4 (Sell) based on this
information and think that the move higher for this company might
be a bit overdone. So while trading has certainly been good lately,
estimates suggest that this run could soon enter a consolidation
period and that a pullback may be ahead for this 'sell' ranked
stock in the near term.
(This is a revision of the March 31 article about the stock by
us, which should no longer be relied upon.)
PHYSICIANS RLTY (DOC): Free Stock Analysis
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