JMP Securities Starts Physicians Realty Trust (DOC) at Market Outperform

May 26, 2023 1:54 AM EDT
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Price: $14.07 +0.43%

Rating Summary:
    13 Buy, 12 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 14 | New: 24
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(Updated - May 26, 2023 6:54 AM EDT)

JMP Securities analyst Aaron Hecht initiates coverage on Physicians Realty Trust (NYSE: DOC) with a Market Outperform rating and a price target of $15.50.

The analyst commented, "We initiate coverage on Physicians Realty Trust (DOC) with a Market Outperform Rating and establish a $15.50 price target (FTM NAV). Physicians Realty Trust (NYSE: DOC) is a net lease Healthcare REIT primarily focused on investing in medical office properties and is headquartered in Milwaukee, WI. Since going public in 2013, management has increased the company's asset base from ~$124mm to $5.5B in size and aggregated one of the highest-quality, pure-play, MOB portfolios available to investors. We believe DOC is positioned better than peers in this environment given strong tenant profiles, outsized NOI growth potential from lease renewals, an underleveraged balance sheet, and a declining dividend payout ratio."

For an analyst ratings summary and ratings history on Physicians Realty Trust click here. For more ratings news on Physicians Realty Trust click here.

Shares of Physicians Realty Trust closed at $13.50 yesterday.

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