Texas Teachers’ Retirement System Increases Stake in Physicians Realty Trust (NYSE:DOC)


Teacher Retirement System of Texas increased its position in Physicians Realty Trust (NYSE:DOC – Get Rating) by 8.1% in the first quarter, according to the company in its latest filing with the Securities and Exchange Commission (SEC). The fund held 45,485 shares of the real estate investment trust after purchasing an additional 3,419 shares during the period. The Teacher Retirement System of Texas holdings in Physicians Realty Trust were worth $798,000 at the end of last quarter.

A number of other institutional investors and hedge funds have also recently increased or reduced their stakes in DOC. State Street Corp raised its position in shares of Physicians Realty Trust by 10.4% during the fourth quarter. State Street Corp now owns 9,750,142 shares of the real estate investment trust worth $183,595,000 after purchasing an additional 917,896 shares in the last quarter. Northern Trust Corp raised its position in Physicians Realty Trust shares by 15.7% during the fourth quarter. Northern Trust Corp now owns 4,515,918 shares of the real estate investment trust worth $85,035,000 after buying an additional 611,395 shares in the last quarter. Boston Trust Walden Corp raised its position in Physicians Realty Trust shares by 102.0% in the first quarter. Boston Trust Walden Corp now owns 4,432,661 shares of the real estate investment trust worth $77,749,000 after buying an additional 2,238,413 shares in the last quarter. Geode Capital Management LLC increased its position in Physicians Realty Trust shares by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 4,384,611 shares of the real estate investment trust worth $82,562,000 after purchasing an additional 230,048 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Physicians Realty Trust by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,916,859 shares of the real estate investment trust worth $54,925,000 after acquiring an additional 124,271 shares during the period. 87.64% of the shares are held by hedge funds and other institutional investors.

Insider buying and selling

In other Physicians Realty Trust news, Director Pamela Shelley-Kessler purchased 3,000 shares of Physicians Realty Trust in a trade that took place on Tuesday, June 14. The shares were purchased at an average cost of $16.81 per share, for a total transaction of $50,430.00. Following the completion of the acquisition, the director now owns 3,000 shares of the company, valued at approximately $50,430. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. In other news, Director Pamela Shelley-Kessler acquired 3,000 shares of the company in a transaction that took place on Tuesday, June 14. The shares were purchased at an average price of $16.81 per share, with a total value of $50,430.00. Following the purchase, the director now owns 3,000 shares of the company, valued at approximately $50,430. The purchase was disclosed in a legal filing with the SEC, accessible via this hyperlink. Additionally, SVP Bradley D. Page sold 4,330 shares of the company in a trade that took place on Monday, August 15. The stock was sold at an average price of $18.12, for a total transaction of $78,459.60. Following the completion of the transaction, the senior vice president now directly owns 35,200 shares of the company, valued at approximately $637,824. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 24,330 shares of the company worth $439,460. Company insiders own 0.79% of the company’s shares.

Doctors’ real estate trust trades down 0.8%

Shares of Physicians Realty Trust opened at $17.81 on Friday. The company has a 50-day simple moving average of $17.26 and a 200-day simple moving average of $17.41. The company has a debt ratio of 0.65, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization of $4.03 billion, a PE ratio of 50.89, a growth price-earnings ratio of 3.06 and a beta of 0.79. Physicians Realty Trust has a 12 month minimum of $16.07 and a 12 month maximum of $19.30.

Physicians Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 19. Investors of record on Tuesday, July 5 received a dividend of $0.23 per share. This represents a dividend of $0.92 on an annualized basis and a yield of 5.17%. The ex-dividend date was Friday, July 1. The payout ratio of Physicians Realty Trust is 262.86%.

Analysts set new price targets

Several equity research analysts have recently weighed in on the stock. Morgan Stanley lowered its price target on shares of Physicians Realty Trust from $17.50 to $16.00 and set an “equal weight” rating on the stock in a Friday July 15 research note. Bank of America downgraded shares of Physicians Realty Trust from a “neutral” rating to an “underperforming” rating and set a price target of $18.00 for the stock. in a research note on Thursday, May 19. StockNews.com upgraded shares of Physicians Realty Trust from a “sell” rating to a “hold” rating in a Monday, August 8 research rating. Capital One Financial launched a hedge on the shares of Physicians Realty Trust in a Friday, June 3 research note. They issued an “equal weight” rating and a $20.00 price target on the stock. Finally, TheStreet downgraded shares of Physicians Realty Trust from a “b-” rating to a “c+” rating in a Tuesday, June 28 research note. One analyst assigned the stock a sell rating, nine assigned a hold rating and two assigned the company’s stock a buy rating. Based on data from MarketBeat.com, Physicians Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $18.70.

Physicians Realty Trust Company Profile

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Physicians Realty Trust is a self-managed healthcare real estate company organized to selectively acquire, develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company invests in real estate which is integral to the delivery of high quality healthcare.

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Want to see which other hedge funds hold DOCs? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Physicians Realty Trust (NYSE:DOC – Get Rating).

Institutional ownership by quarter for Physicians Realty Trust (NYSE:DOC)



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