RBC Capital Sticks to Its Buy Rating for Physicians Realty Trust

By Carrie Williams

RBC Capital analyst Frank Morgan reiterated a Buy rating on Physicians Realty Trust (NYSE: DOC) on September 11 and set a price target of $21. The company’s shares opened today at $18.48.

According to TipRanks.com, Morgan is a 5-star analyst with an average return of 10.5% and a 59.2% success rate. Morgan covers the Services sector, focusing on stocks such as AmerisourceBergen Corporation, Fresenius Medical Care Corp, and Quest Diagnostics Inc.

Currently, the analyst consensus on Physicians Realty Trust is Moderate Buy and the average price target is $20, representing an 8.2% upside.

In a report issued on September 4, BMO Capital also reiterated a Buy rating on the stock with a $20 price target.

Physicians Realty Trust’s market cap is currently $2.93B and has a P/E ratio of 80.74. The company has a book value ratio of 1.4109.

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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.