Daily Stock Analysis: Physicians Realty Trust

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Physicians Realty Trust with the ticker DOC is a mid-cap medical care facilities real ratite investment trust operating in the healthcare business sector. This is the fourth of four healthcare candidates competing for the forty-ninth slot in my Viital folio. It is my first report on DOC for my Viital portfolio, or for any of my previous six portfolios.

Physicians Realty Trust is a company belonging to the United States healthcare sector.

It acquires, develops, and leases healthcare properties to physicians, hospitals, and healthcare delivery systems. Its portfolio includes medical office buildings, outpatient treatment, and diagnostic facilities, physician group practice clinics, ambulatory surgery centers, and specialty hospitals.

The company also alternatively invests in life science facilities, senior housing properties, skilled nursing facilities, and treatment centers.

The Company conducts its business through a UPREIT structure in which its properties are owned by Physicians Realty L.P., a Delaware limited partnership (the “operating partnership”), directly or through limited partnerships, limited liability companies or other subsidiaries.

The Company is the sole general partner of the operating partnership and, as of September 30, 2020, owned approximately 97.4% of OP Units.

Physicians Realty Trust (NYSE: DOC) launched with an initial public offering on July 19, 2013.

DOC is incorporated as a trust under the laws of the state of Maryland. Its corporate headquarters is located in Milwaukee, Wisconsin.

Three key data points gauge any dividend equity or fund such as Physicians Realty Trust:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money.

DOC Price

Physician’s price per share was $16.84 as of yesterday’s market close.  One year ago its price was $18.48. So, DOC’s share price fell by $1.64 or about 9% in the past year.

If Physician’s stock trades in the range of $15.00 to $20.00 this next year, its recent $16.84 share price might rise by $2.16 to reach $19.00 by next year. My $2.16 upside estimate is about $0.07  under the median of annual price target upsides projected by 15 analysts tracking DOC for brokers.

DOC Dividends

Physician’s most recently declared quarterly dividend of $0.23 was paid on July 19th to shareholders on record as of July 1st.

Since November 2013 DOC has paid quarterly dividends, which have remained at $0.23 since 2014. The current forward-looking annual dividend of $0.92 casts an annual yield of 5.46% as of yesterday’s $16.84 share price.

DOC Returns

Adding the $0.92 DOC annual dividend to my estimated one-year price upside estimate of $2.16 shows a $3.08 potential gross gain, per share, to be reduced by any costs to trade DOC shares.

At yesterday's $16.84 closing price, a little under $1000 would buy 59 shares.

A $10 broker fee (if charged) would be paid half at purchase and half at the sale and might cost us $0.17 per share.

Subtract that maybe $0.17 brokerage cost from my estimated $3.08 gross gain estimate per share results in a net gain of $2.91 X 59 shares = $171.69 for a 17.17% net gain including a 5.46% forward-looking annual dividend yield.

Over the next year, our $1K investment in Physicians Realty Trust shares could generate $54.60 in cash dividends. Of course, a single share of DOC stock bought at yesterday's $16.84 price is over 3 times less than the dividend income from our $1000.00 investment.

So, by my dogcatcher ideal, this is a positive time to acquire DOC shares based on their forward-looking dividends for the year 2022. The forecast annual dividend from $1K invested is 3.24  times greater than yesterday’s single share price. Consider yourself alerted. Now is the time.

All of the estimates above are speculation based on the past history of Physicians Realty Trust. Only time and money invested in this stock will determine its market value.

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Disclaimer:  This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a ...

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