Prudential PLC Invests $348,000 in Physicians Realty Trust (NYSE:DOC)

Posted by Defense World Staff on May 19th, 2023

Prudential PLC purchased a new position in shares of Physicians Realty Trust (NYSE:DOC – Get Rating) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 24,065 shares of the real estate investment trust’s stock, valued at approximately $348,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Physicians Realty Trust by 3.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 125,167 shares of the real estate investment trust’s stock valued at $1,883,000 after purchasing an additional 4,029 shares during the period. State of Alaska Department of Revenue grew its holdings in Physicians Realty Trust by 2.2% in the fourth quarter. State of Alaska Department of Revenue now owns 146,622 shares of the real estate investment trust’s stock valued at $2,121,000 after purchasing an additional 3,100 shares during the period. WINTON GROUP Ltd purchased a new stake in Physicians Realty Trust in the third quarter valued at approximately $509,000. AXA S.A. grew its holdings in Physicians Realty Trust by 3.6% in the third quarter. AXA S.A. now owns 1,353,193 shares of the real estate investment trust’s stock valued at $20,352,000 after purchasing an additional 47,300 shares during the period. Finally, LVZ Inc. grew its holdings in Physicians Realty Trust by 5.8% in the fourth quarter. LVZ Inc. now owns 18,332 shares of the real estate investment trust’s stock valued at $265,000 after purchasing an additional 1,011 shares during the period. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Physicians Realty Trust Trading Down 0.7 %

NYSE DOC opened at $13.98 on Friday. The company’s fifty day simple moving average is $14.46 and its 200-day simple moving average is $14.78. Physicians Realty Trust has a 52 week low of $13.42 and a 52 week high of $18.83. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.58. The stock has a market cap of $3.33 billion, a P/E ratio of 31.77, a PEG ratio of 2.48 and a beta of 0.83.

Physicians Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 18th. Investors of record on Tuesday, April 4th were paid a $0.23 dividend. The ex-dividend date was Monday, April 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.58%. Physicians Realty Trust’s dividend payout ratio (DPR) is presently 209.09%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Physicians Realty Trust in a report on Wednesday, April 19th. They issued an “underweight” rating and a $14.00 target price for the company. Credit Suisse Group restated a “neutral” rating and issued a $15.00 target price on shares of Physicians Realty Trust in a report on Wednesday, March 29th. Barclays lowered their target price on shares of Physicians Realty Trust from $18.00 to $17.00 in a report on Friday, May 5th. StockNews.com initiated coverage on shares of Physicians Realty Trust in a research report on Thursday. They set a “sell” rating on the stock. Finally, Royal Bank of Canada reduced their price target on shares of Physicians Realty Trust from $16.00 to $15.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 28th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Physicians Realty Trust has a consensus rating of “Hold” and an average price target of $17.25.

Physicians Realty Trust Profile

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Physicians Realty Trust is a real estate investment trust, which engages in the acquisition, development, owning, and managing of healthcare properties. Its principal investments include medical office buildings, outpatient treatment facilities, acute and post-acute care hospitals, as well as other real estate integral to healthcare providers.