On September 8, 2023, it was reported that Sei Investments Co. has increased its ownership in Physicians Realty Trust (NYSE:DOC) by 48.4% during the first quarter of the year. This information was disclosed in Sei Investments Co.’s recent filing with the Securities and Exchange Commission (SEC). As a result, the firm now possesses a total of 912,259 shares of the real estate investment trust’s stock, which includes an additional 297,420 shares obtained during this period.
Based on the most recent SEC filing, Sei Investments Co.’s stake in Physicians Realty Trust is estimated to be worth approximately $13,620,000. It is important to note that this amount represents roughly 0.38% of Physicians Realty Trust’s total value.
The decision by Sei Investments Co. to increase its ownership in Physicians Realty Trust reflects confidence in the company’s prospects and potential for growth. Such actions by institutional investors often indicate positive sentiment towards the stock and can influence other market participants.
Physicians Realty Trust operates as a real estate investment trust specializing in healthcare properties across the United States. The company acquires and manages medical office buildings, outpatient facilities, and other healthcare-related properties.
This latest development comes amidst ongoing efforts to assess DOC’s performance and outlook. Investors looking to make informed decisions may find it beneficial to conduct their own stock analysis on DOC to gain a comprehensive understanding of its financial health, industry trends, and competitive landscape.
It should be noted that this article does not constitute financial advice or endorse any particular investment strategy. It is always recommended that individuals consult with a qualified financial professional before making any investment decisions.
As of September 8, 2023, Sei Investments Co.’s increased stake in Physicians Realty Trust underlines its belief in the company’s growth potential within the healthcare real estate sector. This noteworthy transaction serves as an indication of institutional confidence in Physicians Realty Trust and may prompt other investors to review their own positions in the company.
Physicians Realty Trust
Updated on: 03/03/2024
Debt to equity ratio: Sell
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
We did not find social sentiment data for this stock
|Analyst / firm
Institutional Investors Show Interest in Physicians Realty Trust as Ownership Positions Shift
In recent news, several institutional investors have made significant changes to their positions in Physicians Realty Trust, a real estate investment trust. One such investor is the Commonwealth of Pennsylvania Public School Empls Retrmt SYS, which has increased its stake in the company by 10.5% during the first quarter of this year. This boost amounts to an additional 7,698 shares and brings their total ownership to 80,734 shares valued at $1,416,000.
Another institutional investor that has shown interest in Physicians Realty Trust is the Great West Life Assurance Co. Can. During the first quarter, they increased their position in the company by 7.9%, acquiring an extra 13,307 shares. Currently, Great West Life Assurance Co. Can owns 181,899 shares of Physicians Realty Trust’s stock with a value of $3,317,000.
Dimensional Fund Advisors LP also joined the list of institutional investors showing interest in Physicians Realty Trust. They grew their stake in the company by 0.5% during the first quarter by purchasing an additional 15,264 shares. This brought Dimensional Fund Advisors LP’s total ownership to 3,118,102 shares valued at $54,693,000.
Cetera Investment Advisers also experienced significant growth in its stake within Physicians Realty Trust during the first quarter of this year. Their stake grew by a staggering 77.4%, acquiring an additional 7,754 shares and bringing their total ownership to 17,778 shares worth $312,000.
Lastly, Vanguard Group Inc., one of the prominent investment management firms globally known for its index funds and mutual funds became another influential player among institutional investors interested in Physicians Realty Trust stock during Q1 this year. Vanguard Group Inc.’s position grew by 2.9% as they purchased an additional impressive amount of 921,905 shares from a previously held position bringing their new total to 33,204,777 shares valued at $582,412,000.
These notable investments from various institutional investors highlight the growing appeal and interest in Physicians Realty Trust. It is important to note that hedge funds and other institutional investors currently own approximately 95.51% of the company’s stock.
Following these investment announcements, several analysts have released reports on Physicians Realty Trust’s stock. StockNews.com began covering the company and assigned a “sell” rating for the stock on August 17th. Morgan Stanley reiterated an “equal weight” rating and set a $14.50 price target in their research report on July 20th. JMP Securities initiated coverage on Physicians Realty Trust with an “outperform” rating and a price target of $15.50 on May 26th.
Citigroup, however, lowered their price target from $15.00 to $14.00 while assigning a “neutral” rating for the company on August 22nd. Wells Fargo & Company took a different stance as they raised their price objective from $14.00 to $15.00 but gave the stock an “underweight” rating on August 7th.
In summary, Physicians Realty Trust has drawn the attention of market experts and institutional investors alike due to recent changes in ownership by key players in the industry. These investments signify growing interest in this real estate investment trust and may potentially impact its future performance as it continues to navigate through the market.
Please note that all information stated above is accurate as of September 8th, 2023, and is subject to change as new developments occur within the industry.