Physicians Realty Trust (NYSE:DOC) finished Friday with an addition of $0.02 to close at $13.57, an upside of 0.15 percent. An average of 1,301,520 shares of common stock have been traded in the last five days. There was a fall of -$0.07 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 1,308,995 shares traded, while the 50-day average volume stands at 1,528,882.
DOC stock has decreased by -7.75% in the last month. The company shares reached their 1-month lowest point of $13.31 on 08/22/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $13.27 and a high of $17.44 in 52 weeks. It has reached a new high 16 times so far this year and lost -6.22% or -$0.90 in price. In spite of this, the price is down -22.19% from the 52-week high.
Valuation Metrics
Physicians Realty Trust (DOC) has a trailing price-to-earnings (P/E) ratio of 32.31. The stock’s beta is 0.80. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.10, the price-to-book (PB) ratio at 1.13, and the price-to-cash flow ratio at 32.13.
The company has a payout ratio of 132.90%. The company’s most recent quarterly dividend payment was $0.23 a share, without any change from last year. Its latest increase dividend $0.0050 reported on Tuesday June 13 2017.
Financial Health
Further, the company has a long term debt to equity ratio of 0.70 and a total debt to equity ratio of 0.70 for the quarter ending June 29. Its gross profit as reported stood at $125.69 million compared to revenue of $526.63 million.
Earnings Surprise
For the three-month period that ended June 29, Physicians Realty Trust had $163.93 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $12.54 million in the quarter, while revenues were shrunk -34.69%. The analyst consensus anticipated Physicians Realty Trust’s latest quarter earnings to come in at $0.05 per share, but it turned out to be $0.05, a 0.00% surprise. For the quarter, EBITDA amounted to $82.19 million. At the end of the quarter ending June 29, Physicians Realty Trust’s stock balance sheet showed total debt was $2.11 billion. Shareholders own equity worth $238.45 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Physicians Realty Trust (DOC) price momentum. RSI 9-day as of the close on 25 August was 33.37%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.90%.
As of today, DOC’s price is $13.53 -0.51% or -$0.07 from its 5-day moving average. DOC is currently trading -7.05% lower than its 20-day SMA and -7.25% lower than its 100-day SMA. However, the stock’s current price level is -6.22% below the SMA50 and -4.44% below the SMA200.
The stochastic %K and %D were 17.64% and 14.20%, respectively, and the average true range (ATR) was 0.25. With the 14-day stochastic at 16.77% and the average true range at 0.27, the RSI (14) stands at 36.24%. The stock has reached -0.05 on the 9-day MACD Oscillator while the 14-day reading was at -0.33.
Analyst Ratings
JMP Securities launched coverage on Physicians Realty Trust (NYSE: DOC) in its analyst report released on May 26, 2023. The firm assigned the stock a Mkt outperform rating. The consensus rating for Physicians Realty Trust (DOC) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell DOC, while 10 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 5 others rate it as a “buy”.
What is DOC’s price target for the next 12 months?
Analysts predict a range of price targets between $14.00 and $19.00, with a median target of $15.25. Taking a look at these predictions, the average price target given by analysts for Physicians Realty Trust (DOC) stock is $15.78.
