B.Riley FBR analyst Craig Kucera maintained a Buy rating on Physicians Realty Trust (DOC) today and set a price target of $20. The company’s shares opened today at $18.26, close to its 52-week high of $18.84.
Kucera wrote:
“We are raising our price target on Trust (DOC) from $18 to $20 post in-line 4Q18 NFFO of $0.27 given healthcare REIT multiple expansion and a $0.40/share increase to our NAV estimate. While 4Q18 balance sheet growth was muted for DOC, we anticipate accelerating external growth in 2019 as DOC’s cost of capital has improved and the company focuses on acquiring a net $200M-$400M in off-market assets in the 5.5%-6.25% cap rate range in 2019.”
According to TipRanks.com, Kucera is a 4-star analyst with an average return of 5.4% and a 67.3% success rate. Kucera covers the Financial sector, focusing on stocks such as NexPoint Residential Trust Inc, Consolidated-Tomoka Land Co, and National Retail Properties.
Physicians Realty Trust has an analyst consensus of Moderate Buy, with a price target consensus of $19.
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Based on Physicians Realty Trust’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $10.74 million. In comparison, last year the company had a net profit of $9.76 million.
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Physicians Realty Trust operates as a real estate investment trust, which leases and manages healthcare properties. It is a self-managed healthcare real estate company organized to acquire, selectively develop, own and manage healthcare properties which are leased to physicians, hospitals, and healthcare delivery systems.
