Fintel reports that on July 20, 2023, Morgan Stanley reiterated coverage of Physicians Realty Trust (NYSE:DOC) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 8.38% Upside
As of July 6, 2023, the average one-year price target for Physicians Realty Trust is 16.35. The forecasts range from a low of 14.14 to a high of $19.95. The average price target represents an increase of 8.38% from its latest reported closing price of 15.09.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Physicians Realty Trust is 546MM, an increase of 3.09%. The projected annual non-GAAP EPS is 0.23.
Physicians Realty Trust Declares $0.23 Dividend
On May 16, 2023 the company declared a regular quarterly dividend of $0.23 per share ($0.92 annualized). Shareholders of record as of July 5, 2023 received the payment on July 18, 2023. Previously, the company paid $0.23 per share.
At the current share price of $15.09 / share, the stock's dividend yield is 6.10%.
Looking back five years and taking a sample every week, the average dividend yield has been 5.39%, the lowest has been 4.45%, and the highest has been 7.35%. The standard deviation of yields is 0.52 (n=236).
The current dividend yield is 1.36 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 2.16. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
What is the Fund Sentiment?
There are 741 funds or institutions reporting positions in Physicians Realty Trust. This is a decrease of 1 owner(s) or 0.13% in the last quarter. Average portfolio weight of all funds dedicated to DOC is 0.25%, an increase of 7.62%. Total shares owned by institutions increased in the last three months by 7.10% to 269,206K shares. 
The put/call ratio of DOC is 0.44, indicating a bullish outlook.
What are Other Shareholders Doing?
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 10,031K shares representing 4.21% ownership of the company. In it's prior filing, the firm reported owning 10,093K shares, representing a decrease of 0.62%. The firm increased its portfolio allocation in DOC by 0.13% over the last quarter.
Alliancebernstein holds 9,759K shares representing 4.10% ownership of the company. In it's prior filing, the firm reported owning 10,124K shares, representing a decrease of 3.74%. The firm decreased its portfolio allocation in DOC by 5.31% over the last quarter.
Fuller & Thaler Asset Management holds 7,753K shares representing 3.26% ownership of the company. In it's prior filing, the firm reported owning 5,650K shares, representing an increase of 27.13%. The firm increased its portfolio allocation in DOC by 28.60% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,285K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 6,886K shares, representing an increase of 5.49%. The firm increased its portfolio allocation in DOC by 0.80% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 7,042K shares representing 2.96% ownership of the company. In it's prior filing, the firm reported owning 7,049K shares, representing a decrease of 0.10%. The firm decreased its portfolio allocation in DOC by 1.35% over the last quarter.
Physicians Realty Trust Background Information
(This description is provided by the company.)
Physicians Realty Trust is a self-managed health care real estate company organized to acquire, selectively develop, own and manage health care properties that are leased to physicians, hospitals and health care delivery systems. The Company invests in real estate that is integral to providing high quality health care. The Company conducts its business through an UPREIT structure in which its properties are owned by Physicians Realty L.P., a Delaware limited partnership (the 'operating partnership'), directly or through limited partnerships, limited liability companies or other subsidiaries. The Company is the sole general partner of the operating partnership and, as of December 31, 2020, owned approximately 97.3% of OP Units.
Additional reading:
- SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT
- Physicians Realty Trust Announces $400 Million Five-Year Term Loan
- Physicians Realty Trust Reports First Quarter 2023 Financial Results Announces $85.6 Million of First Quarter Investments and Commitments Announces $0.04 Net Income per Share and $0.24 Normalized FFO per Share for the First Quarter of 2023
- SUPPLEMENTAL OPERATING & FINANCIAL INFORMATION FIRST QUARTER 2023 PHYSICIANS REALTY TRUST NYSE: DOC Exhibit 99.2 March 2023 TOPA Fort Worth Fort Worth, TX Northside Buford Development Buford, GA 2 ABOUT PHYSICIANS REALTY TRUST 4 CONSOLIDATED BALANCE
- Physicians Realty Trust Amended and Restated 2013 Equity Incentive Plan, effective May 3, 2023
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
