Cantor Fitzgerald Keeps a Buy Rating on Physicians Realty Trust


Cantor Fitzgerald analyst Joseph France reiterated a Buy rating on Physicians Realty Trust (NYSE: DOC) today and set a price target of $18. The company’s shares opened today at $14.88, close to its 52-week low of $14.13.

France said:

“Updated outlook: 2018-19. We are raising our 2018 revenue estimate to $421 million (vs. our prior $410 million estimate), but trimming our nFFO estimate to $1.11 from $1.16 to reflect slightly higher G&A in 1Q18, reflecting the immediate expensing of this year’s restricted share grants, and higher interest expense. Our 2019 estimates include revenue of $429 million (vs. $433 million FactSet consensus), normalized FFO of $1.13 (vs. $1.14 consensus) and normalized FAD of $1.00 (vs. $1.00 consensus).”

According to TipRanks.com, France is a 4-star analyst with an average return of 9.7% and a 55.2% success rate. France covers the Services sector, focusing on stocks such as Cross Country Healthcare, Five Star Quality Care, and US Physical Therapy.

Physicians Realty Trust has an analyst consensus of Moderate Buy, with a price target consensus of $17.35.

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Physicians Realty Trust’s market cap is currently $2.7B and has a P/E ratio of 67.64. The company has a Price to Book ratio of 1.09.

Based on the recent corporate insider activity of 36 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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