B.Riley FBR analyst Craig Kucera reiterated a Buy rating on Physicians Realty Trust (DOC) today and set a price target of $20. The company’s shares closed yesterday at $18.01.
Kucera said:
“We are lowering our earnings and NAV estimate for Trust (DOC) post 1Q19 results in which DOC was $0.01 light of our NFFO and AFFO estimates, respectively, with our 2019 NFFO declining from $1.09 to $1.06 and our AFFO falling from $0.98 to $0.94 due to higher vacancy in 1H19 than expected and slower-than-expected acquisition volume in 1Q19. We are also trimming our 2020 $1.11/$0.99, respectively. However, our $20 price target is unchanged given a positive backdrop to healthcare REITs which are currently trading at 117% of NAV vs. DOC at 105%.”
According to TipRanks.com, Kucera is a 4-star analyst with an average return of 6.3% and a 67.8% success rate. Kucera covers the Financial sector, focusing on stocks such as NexPoint Residential Trust Inc, Urstadt Biddle Properties Inc, and Consolidated-Tomoka Land Co.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Physicians Realty Trust with a $19.15 average price target.
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The company has a one-year high of $19.16 and a one-year low of $14.41. Currently, Physicians Realty Trust has an average volume of 1.34M.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DOC in relation to earlier this year.
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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.
