Physicians Realty Trust (NYSE:DOC) Shares Bought by Texas Permanent School Fund Corp

Posted by Defense World Staff on Jul 27th, 2023

Texas Permanent School Fund Corp raised its holdings in Physicians Realty Trust (NYSE:DOC – Free Report) by 33.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 204,705 shares of the real estate investment trust’s stock after acquiring an additional 51,248 shares during the quarter. Texas Permanent School Fund Corp owned 0.09% of Physicians Realty Trust worth $3,056,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in Physicians Realty Trust by 527.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,889,863 shares of the real estate investment trust’s stock worth $67,878,000 after purchasing an additional 3,269,484 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Physicians Realty Trust during the 4th quarter valued at about $34,988,000. Norges Bank purchased a new position in shares of Physicians Realty Trust during the 4th quarter worth about $27,734,000. State Street Corp grew its holdings in Physicians Realty Trust by 16.3% in the first quarter. State Street Corp now owns 11,341,180 shares of the real estate investment trust’s stock valued at $201,488,000 after purchasing an additional 1,591,038 shares during the period. Finally, American Century Companies Inc. increased its position in Physicians Realty Trust by 124.4% during the fourth quarter. American Century Companies Inc. now owns 2,782,301 shares of the real estate investment trust’s stock worth $40,260,000 after purchasing an additional 1,542,319 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of Physicians Realty Trust from $18.00 to $17.00 in a research note on Friday, May 5th. JMP Securities began coverage on Physicians Realty Trust in a report on Friday, May 26th. They issued an “outperform” rating and a $15.50 price objective on the stock. Credit Suisse Group reissued a “neutral” rating and set a $15.00 target price on shares of Physicians Realty Trust in a research report on Wednesday, March 29th. Wells Fargo & Company began coverage on shares of Physicians Realty Trust in a research report on Wednesday, April 19th. They issued an “underweight” rating and a $14.00 price objective for the company. Finally, StockNews.com started coverage on shares of Physicians Realty Trust in a report on Thursday, May 18th. They set a “sell” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Physicians Realty Trust has an average rating of “Hold” and a consensus target price of $16.55.

Physicians Realty Trust Stock Up 0.2 %

NYSE:DOC opened at $15.03 on Thursday. The stock has a 50-day simple moving average of $14.12 and a 200 day simple moving average of $14.62. Physicians Realty Trust has a one year low of $13.27 and a one year high of $18.30. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 34.15 and a beta of 0.83. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.47 and a current ratio of 1.47.

Physicians Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Wednesday, July 5th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 6.12%. The ex-dividend date of this dividend was Monday, July 3rd. Physicians Realty Trust’s dividend payout ratio is currently 209.10%.

Physicians Realty Trust Profile

(Free Report)

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.