Why Has Stifel Given Physicians Realty Trust (NYSE:DOC) a $18 Price Target
In a comprehensive report published on Tuesday morning, professional analysts at Stifel have initiated coverage for Physicians Realty Trust (NYSE:DOC) shares. The firm has decided to set a Buy rating along with a $18, adding 12.50% to the target.
From a total of 12 analysts covering Physicians Realty Trust (NYSE:DOC) stock, 11 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 92% of the ratings are positive. The highest target price is $19 while the lowest target price is $17. The mean of all analyst targets is $18.08 with a 12.19% above today’s ($16) stock price. Physicians Realty Trust was the topic of 6 analyst reports since August 10, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus initiated shares on December 8 with “Buy” rating. Canaccord Genuity maintained DOC stock in a recent report from August 11 with “Buy” rating.
The stock increased 1.85% or $0.29 on December 8, striking $16. Approximately shares of stock traded hands. Physicians Realty Trust (NYSE:DOC) has declined 1.90% since May 6, 2015 and is downtrending. It has underperformed by 1.10% the S&P500.
The overall sentiment of institutions has decreased to 0.95 in Q2 2015. Its down 0.49, from 1.44 in 2015Q2. The ratio turned negative, as 18 institutions have sold all the shares of Physicians Realty Trust that they owned while 55 funds have taken shares off the table. 17 funds have purchased shares for the first time while 52 added to their positions. These institutions now hold 52.70 million shares or 13.19% less than the 60.71 million shares they owned in 2015Q2.
The Fund Ardsley Advisory Partners currently is holding shares equating to 2.56% of its total portfolio in Physicians Realty Trust representing a total of 700,000 shares. Another fund,Wunderlich Securities Inc., is holding a total of 114,463 shares equating to 2.45% of their holdings. Additionally, First Light Asset Management Llc has a 321,979 share stake in Physicians Realty Trust which represents 2.4% of their total portfolio. The Fund, Bhr Capital Llc, based out of New York, has also built up a stake in the stock, which represents a total of 2.15% of their total portfolio. Finally Keypoint Capital Management Llc, a fund which is based in the state of Texas reported a total holdings of 68,199 shares.
Physicians Realty Trust is a self-managed healthcare real estate company. The company has a market cap of $1.37 billion. The Firm acquires, develops, owns and manages healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. It has 148.96 P/E ratio. As of December 31, 2014, the Company’s portfolio consisted of 87 properties located in 19 states of the United States with approximately 3,100,701 net leasable square feet.
According to Zacks Investment Research, “Physicians Realty Trust is a REIT. It is a self-managed healthcare real estate company engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company’s principal investments will include medical office buildings, outpatient treatment facilities, acute and post-acute care hospitals, as well as other real estate integral to healthcare providers. Physicians Realty Trust is based in Milwaukee, Wisconsin.” Get a free copy of the Zacks research report on Physicians Realty Trust (DOC).