Physicians Realty Trust (DB:42O) - Stock Price, News & Analysis

42O Stock Overview

As of March 1, 2024, Physicians Realty Trust was acquired by Healthpeak Properties, Inc.

42O fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	2/6
Past Performance	2/6
Financial Health	1/6
Dividends	0/6

Rewards

Trading at 44.3% below our estimate of its fair value

Earnings are forecast to grow 16.6% per year

Risk Analysis

Interest payments are not well covered by earnings

Profit margins (7.7%) are lower than last year (19.8%)

Physicians Realty Trust Competitors

GSW Immobilien

DB:GIB

€5.0b

CareTrust REIT

NYSE:CTRE

US$3.4b

Aedifica/SA

ENXTBR:AED

€3.0b

National Health Investors

NYSE:NHI

US$2.8b

Price History & Performance

Summary of all time highs, changes and price drops for Physicians Realty Trust
Historical stock prices
Current Share Price	€10.10
52 Week High	€14.10
52 Week Low	€9.95
Beta	0.84
1 Month Change	-10.62%
3 Month Change	-10.62%
1 Year Change	-27.34%
3 Year Change	-28.19%
5 Year Change	n/a
Change since IPO	-42.43%

Recent updates

Shareholder Returns

	42O	DE Health Care REITs	DE Market
7D	-1.9%	0%	0%
1Y	-27.3%	0%	0%

Return vs Industry: 42O underperformed the German Health Care REITs industry which returned -24% over the past year.

Return vs Market: 42O underperformed the German Market which returned 1% over the past year.

Price Volatility

Is 42O's price volatile compared to industry and market?
42O volatility
42O Average Weekly Movement	4.9%
Health Care REITs Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in DE Market	0%
10% least volatile stocks in DE Market	0%

Stable Share Price: 42O has not had significant price volatility in the past 3 months.

Volatility Over Time: 42O's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	104	John Thomas	www.docreit.com

As of March 1, 2024, Physicians Realty Trust was acquired by Healthpeak Properties, Inc. Physicians Realty Trust is a self-managed health care real estate company organized to acquire, selectively develop, own, and manage health care properties that are leased to physicians, hospitals, and health care delivery systems. The Company invests in real estate that is integral to providing high quality health care. The Company conducts its business through an 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.

Physicians Realty Trust Fundamentals Summary

How do Physicians Realty Trust's earnings and revenue compare to its market cap?
42O fundamental statistics
Market cap	€2.79b
Earnings (TTM)	€38.64m
Revenue (TTM)	€502.51m

62.3x

P/E Ratio

4.8x

P/S Ratio

Is 42O overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
42O income statement (TTM)
Revenue	US$544.55m
Cost of Revenue	US$182.66m
Gross Profit	US$361.89m
Other Expenses	US$320.01m
Earnings	US$41.88m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.18
Gross Margin	66.46%
Net Profit Margin	7.69%
Debt/Equity Ratio	68.3%

How did 42O perform over the long term?

See historical performance and comparison

42O Stock Overview

Rewards

Risk Analysis

Physicians Realty Trust Competitors

DB:GIB

€5.0b

NYSE:CTRE

US$3.4b

ENXTBR:AED

€3.0b

NYSE:NHI

US$2.8b

Price History & Performance

Recent News & Updates

Physicians Realty Trust Files Form 15

Healthpeak Properties, Inc. (NYSE:PEAK) completed the acquisition of Physicians Realty Trust (NYSE:DOC) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., State Street Corporation (NYSE:STT) and others.

Full year 2023 earnings released: EPS: US$0.18 (vs US$0.46 in FY 2022)

New minor risk - Shareholder dilution

Upcoming dividend of US$0.23 per share at 7.0% yield

Physicians Realty Trust Declares Quarterly Cash Dividend for the Fourth Quarter Ending December 31, 2023, Payable on January 18, 2024

Recent updates

Physicians Realty Trust Files Form 15

Healthpeak Properties, Inc. (NYSE:PEAK) completed the acquisition of Physicians Realty Trust (NYSE:DOC) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., State Street Corporation (NYSE:STT) and others.

Full year 2023 earnings released: EPS: US$0.18 (vs US$0.46 in FY 2022)

New minor risk - Shareholder dilution

Upcoming dividend of US$0.23 per share at 7.0% yield

Physicians Realty Trust Declares Quarterly Cash Dividend for the Fourth Quarter Ending December 31, 2023, Payable on January 18, 2024

New minor risk - Shareholder dilution

Healthpeak Properties, Inc. (NYSE:PEAK) entered into a definitive agreement to acquire Physicians Realty Trust (NYSE:DOC) for approximately $2.7 billion in a merger of equals transaction.

Healthpeak Properties, Inc. (NYSE:PEAK) entered into a definitive agreement to acquire Physicians Realty Trust (NYSE:DOC) for approximately $2.7 billion in a merger of equals transaction.

Third quarter 2023 earnings released: EPS: US$0.052 (vs US$0.28 in 3Q 2022)

Upcoming dividend of US$0.23 per share at 7.5% yield

Physicians Realty Trust to Report Q3, 2023 Results on Nov 03, 2023

Senior VP & Controller recently sold €282k worth of stock

New minor risk - Shareholder dilution

Physicians Realty Trust (NYSE:DOC) acquired Emory Dunwoody Ambulatory Surgical Center for $5.3 million.

Second quarter 2023 earnings released: EPS: US$0.053 (vs US$0.075 in 2Q 2022)

Upcoming dividend of US$0.23 per share at 6.8% yield

Physicians Realty Trust to Report Q2, 2023 Results on Aug 03, 2023

First quarter 2023 earnings released: EPS: US$0.043 (vs US$0.058 in 1Q 2022)

Full year 2022 earnings released: EPS: US$0.46 (vs US$0.39 in FY 2021)

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.23 per share

Physicians Realty Trust to Report Q4, 2022 Results on Feb 22, 2023

Insufficient new directors

Third quarter 2022 earnings released: FFO per share: US$0.3 (vs US$0.27 in 3Q 2021)

Physicians Realty Trust Declares Quarterly Cash Dividend, Payable on October 14, 2022

Physicians Realty Trust (NYSE:DOC) and MedProperties Holdings, LLC acquired Calko Medical Center for $81.5 million.

Senior VP & General Counsel recently sold €77k worth of stock

Second quarter 2022 earnings released: FFO per share: US$0.3 (vs US$0.28 in 2Q 2021)

An unknown buyer acquired Three related facilities in Great Falls, Montana from Physicians Realty Trust (NYSE:DOC) for approximately $120 million.

Upcoming dividend of US$0.23 per share

Physicians Realty Trust Declares Quarterly Cash Dividend for the Quarter Ending June 30, 2022, Payable on July 19, 2022

First quarter 2022 earnings released: EPS: US$0.058 (vs US$0.082 in 1Q 2021)

Insufficient new directors

Upcoming dividend of US$0.23 per share

Executive VP recently bought €135k worth of stock

Physicians Realty Trust Appoints Ava E. Lias-Booker to Board, Effective March 1, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

An unknown buyer acquired Northern Vision Eye Center from Physicians Realty Trust (NYSE:DOC) for $2 million.

Upcoming dividend of US$0.23 per share

Third quarter 2021 earnings released: EPS US$0.098 (vs US$0.075 in 3Q 2020)

Physicians Realty Trust (NYSE:DOC) acquired Brookstone Physician Centre Located in Jacksonville, Alabama for $2.6 million.

Second quarter 2021 earnings released: EPS US$0.084 (vs US$0.086 in 2Q 2020)

Upcoming dividend of US$0.23 per share

An unknown buyer acquired One Medical Office Building Located in Michigan from Physicians Realty Trust (NYSE:DOC) for approximately $0.5 million.

First quarter 2021 earnings released: FFO US$0.28 per share (vs US$0.28 in 1Q 2020)

Physicians Realty Trust (NYSE:DOC) acquired a medical condominium unit in Atlanta for approximately $0.9 million on April 7, 2021.

Physicians Realty Trust Declares Quarterly Cash Dividend, Payable on April 16, 2021

Physicians Realty Trust to Report Q1, 2021 Results on May 05, 2021

Full year 2020 earnings released: EPS US$0.32 (vs US$0.39 in FY 2019)

Revenue beats expectations

Physicians Realty Trust Promotes Amy M. Hall to Senior Vice President

Physicians Realty Trust(NYSE:DOC) dropped from Russell 2000 Dynamic Index

New 90-day low: €13.50

Upcoming Dividend of US$0.23 Per Share

Physicians Realty Trust to Report Q4, 2020 Results on Feb 25, 2021

Revenue beats expectations

Third quarter 2020 earnings released: EPS US$0.075