The stock of Physicians Realty Trust (NYSE:DOC) decreased by -$0.12 on Tuesday to finish at $12.73, down -0.93 percent. The last five days have seen an average of 2,178,540 shares of common stock traded. 16 times new highs were reached in the current year, with a fall of -$1.74. The average number of shares traded over the last 20 days was 1,594,805, while the average volume over the last 50 days totaled 1,468,474.
DOC stock dropped -6.67% since last month. On 09/19/23, the company’s shares reached a one-month low of $12.70. The stock touched a high of $16.34 on 02/02/23, after rallying from a low of $12.84 in 52 weeks. The price of DOC stock has declined by -12.02% or -$1.74 this year, reaching a new high 16 times. Still, the stock price is down -22.09% from the 52-week high.
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Insider Transactions
DOC stock investors should be aware that Physicians Realty Trust (DOC) stock had its last reported insider trading activity 6 days ago on Sep 14. On Sep 14, SVP – Controller Becker Laurie P sold 22,322 shares at $13.47 each. This transaction resulted in the insider making $300,677. On Sep 12, BLACK ALBERT JR added 2,264 shares at a price of US$13.26. After the transaction, the insider now owns 101,472 shares. Director BLACK ALBERT JR had earlier bought 1,021 shares on Feb 28 for $14.98 a share. The transaction was completed for $15,295.
Valuation Metrics
Physicians Realty Trust (DOC) has a trailing price-to-earnings (P/E) ratio of 30.31. Beta for the stock is 0.80. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.80, the price-to-book (PB) ratio of 1.06, and the price-to-cash flow ratio of 30.56.
Company paid $0.23 per share in dividends, remained unchanged from $0.23 last year. A $0.0050 dividend increase was reported on Tuesday June 13 2017.
Financial Health
The company’s long-term debt to equity ratio for the recent quarter is 0.70, and the total debt to equity ratio is 0.70. As far as profitability goes, gross margin for the trailing twelve months is 66.80% percent. Physicians Realty Trust’s operating margin stood at 8.80% for the same period. Based on annual data, it had gross profit of $125.69 million and revenue of $526.63 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DOC’s return on assets (ROA) during the last 12 months has been 1.90%. There was a 1.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 3.40%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $135.1 million, while revenues rose by 2.17% to $134.34 million. EBITDA was $82.19 million for the quarter. At the end of Physicians Realty Trust’s most recent quarter, its total debt was $2.11 billion. Equity owned by shareholders amounts to $238.45 million.
Technical Picture
Here’s a quick look at Physicians Realty Trust’s (DOC) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 22.97%, suggesting the stock is oversold, with a 15.47% historical volatility rate.
The stochastic %K and %D were 6.86% and 11.43% respectively, while the average true range (ATR) was 0.26. Based on the 14-day stochastic reading of 1.82%, the RSI (14) reading is 27.93%. On the 9-day MACD Oscillator, the stock is at -0.28, and the 14-day reading is at -0.46.
Analyst Ratings
In its analyst report released on May 26, 2023, JMP Securities began covering Physicians Realty Trust (NYSE: DOC). The stock was rated as a Mkt outperform by the brokerage firm. Analysts have assigned Physicians Realty Trust (DOC) an Hold rating. DOC is a stock that is recommended for selling by 1 brokerage firm, while 10 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 5 others recommend it as a buy.
What is DOC’s price target for the next 12 months?
The current consensus forecast for the stock is between $14.00 and $19.00, with a median target price of $15.00. In analyzing these forecasts, the average price target given by analysts for Physicians Realty Trust (DOC) is $15.66.
