Physicians Realty Trust (NYSE:DOC) traded with an addition of $0.23 to $12.08 on Thursday, an upside of 1.94 percent. An average of 1,527,942 shares of common stock have been traded in the last five days. There was a fall of -$0.24 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 1,769,155 shares traded, while the 50-day average volume stands at 1,499,376.
DOC stock has decreased by -11.70% in the last month. The company shares reached their 1-month lowest point of $11.79 on 09/27/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $11.79 and a high of $16.34 in 52 weeks. It has reached a new high 16 times so far this year and lost -16.52% or -$2.41 in price. In spite of this, the price is down -26.07% from the 52-week high.
Insider Transactions
DOC stock investors should be aware that Physicians Realty Trust (DOC) stock had its last reported insider trading activity 14 days ago on Sep 14.
Valuation Metrics
Physicians Realty Trust (DOC) has a trailing price-to-earnings (P/E) ratio of 28.75, which compares with the N/A for the broader industry. The stock’s beta is 0.83. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.40, the price-to-book (PB) ratio at 1.01, and the price-to-cash flow ratio at 12.51.
The company has a payout ratio of 201.14%. 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 0.75 and a total debt to equity ratio of 0.75 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 27 September was 27.55%, suggesting the stock is oversold, with historical volatility in this time frame at 28.82%.
As of today, DOC’s price is $12.12 -1.99% or -$0.24 from its 5-day moving average. DOC is currently trading -14.08% lower than its 20-day SMA and -16.98% lower than its 100-day SMA. However, the stock’s current price level is -18.60% below the SMA50 and -19.04% below the SMA200.
The stochastic %K and %D were 6.58% and 5.79%, respectively, and the average true range (ATR) was 0.30. With the 14-day stochastic at 15.05% and the average true range at 0.29, the RSI (14) stands at 28.40%. The stock has reached -0.40 on the 9-day MACD Oscillator while the 14-day reading was at -0.72.
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 $15.00. Taking a look at these predictions, the average price target given by analysts for Physicians Realty Trust (DOC) stock is $15.66.
