Physicians Realty Trust (DOC) is Downgraded by JMP Securities to Mkt Perform

Physicians Realty Trust (DOC) was Downgraded by JMP Securities to ” Mkt Perform”. Earlier the firm had a rating of “Mkt Outperform ” on the company shares. JMP Securities advised their investors in a research report released on Jun 22, 2016.

Many Wall Street Analysts have commented on Physicians Realty Trust. Company shares were Reiterated by Compass Point on May 9, 2016 to “Buy”, Firm has raised the Price Target to $ 20.50 from a previous price target of $19.50 .Company shares were Reiterated by Stifel on May 6, 2016 to “Buy”, Firm has raised the Price Target to $ 21 from a previous price target of $20 .Compass Point Resumed Physicians Realty Trust on Apr 21, 2016 to “Buy”, Price Target of the shares are set at $19.50.

On the company’s financial health, Physicians Realty Trust reported $0.22 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.23. The company had revenue of $44.10 million for the quarter, compared to analysts expectations of $43.16 million. The company’s revenue was up 80.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

In a different news, on Jun 15, 2016, John Sweet (Executive Vice President & CIO) sold 12,000 shares at $19.90 per share price. According to the SEC, on Jun 14, 2016, Bradley D. Page (Senior VP & General Counsel) sold 900 shares at $19.93 per share price. On Aug 31, 2015, Tommy G Thompson (director) purchased 1,000 shares at $14.71 per share price, according to the Form-4 filing with the securities and exchange commission.

Physicians Realty Trust (Physicians Realty) is a self-managed healthcare real estate company. The Company acquires develops owns and manages healthcare properties that are leased to physicians hospitals and healthcare delivery systems. As of December 31 2014 the Company’s portfolio consisted of 87 properties located in 19 states of the United States with approximately 3100701 net leasable square feet. As at December 31 2014 approximately 76.5% of the net leasable square footage of the Company’s portfolio was either affiliated with a healthcare delivery system or located within approximately 0.25 mile of a hospital campus. The Company focuses its investment activity on various types of healthcare properties: medical office buildings; outpatient treatment and diagnostic facilities; physician group practice clinics; ambulatory surgery centers; specialty hospitals and treatment centers; acute care hospitals and post-acute care hospitals and long-term care facilities.

Physicians Realty Trust

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