Physicians Realty Trust
Market Cap
US$3.7b
Last Updated
2019/12/12 00:15 UTC
Data Sources
Company Financials +
Executive Summary
Physicians Realty Trust is a self-managed healthcare real estate company organized to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems.
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer and fair value.
Similar Companies
Share Price & News
How has Physicians Realty Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DOC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.6%
DOC
-0.06%
US REITs
1.1%
US Market
1 Year Return
6.4%
DOC
13.2%
US REITs
17.8%
US Market
Return vs Industry: DOC underperformed the US REITs industry which returned 13.2% over the past year.
Return vs Market: DOC underperformed the US Market which returned 17.8% over the past year.
Shareholder returns
| DOC | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.6% | -0.06% | 1.1% |
| 30 Day | 2.4% | 0.9% | 1.4% |
| 90 Day | 8.2% | -0.2% | 3.9% |
| 1 Year | 12.3%6.4% | 17.9%13.2% | 20.3%17.8% |
| 3 Year | 21.1%3.5% | 34.4%17.7% | 44.8%35.4% |
| 5 Year | 47.2%13.6% | 56.5%24.2% | 71.3%52.4% |
Price Volatility Vs. Market
How volatile is Physicians Realty Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Earnings Beat: Physicians Realty Trust Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models1 month ago | Simply Wall St
Should You Be Worried About Physicians Realty Trust's (NYSE:DOC) 2.2% Return On Equity?1 month ago | Simply Wall St
The Physicians Realty Trust (NYSE:DOC) Share Price Is Up 22% And Shareholders Are Holding OnValuation
Is Physicians Realty Trust undervalued compared to its fair value and its price relative to the market?
35.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DOC ($18.65) is trading below our estimate of fair value ($29.01)
Significantly Below Fair Value: DOC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DOC is poor value based on its PE Ratio (80.5x) compared to the REITs industry average (38.6x).
PE vs Market: DOC is poor value based on its PE Ratio (80.5x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: DOC is poor value based on its PEG Ratio (7.9x)
Price to Book Ratio
PB vs Industry: DOC is good value based on its PB Ratio (1.5x) compared to the US REITs industry average (2x).
Next Steps
Future Growth
How is Physicians Realty Trust forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
10.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DOC's forecast earnings growth (10.2% per year) is above the savings rate (1.7%).
Earnings vs Market: DOC's earnings (10.2% per year) are forecast to grow slower than the US market (14.2% per year).
High Growth Earnings: DOC's earnings are forecast to grow, but not significantly.
Revenue vs Market: DOC's revenue (8.4% per year) is forecast to grow faster than the US market (7.4% per year).
High Growth Revenue: DOC's revenue (8.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DOC's Return on Equity is forecast to be low in 3 years time (2.6%).
Next Steps
Past Performance
How has Physicians Realty Trust performed over the past 5 years?
44.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DOC has high quality earnings.
Growing Profit Margin: DOC's current net profit margins (10.3%) are lower than last year (13.1%).
Past Earnings Growth Analysis
Earnings Trend: DOC has become profitable over the past 5 years, growing earnings by 44.4% per year.
Accelerating Growth: DOC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: DOC had negative earnings growth (-21%) over the past year, making it difficult to compare to the REITs industry average (8.3%).
Return on Equity
High ROE: DOC's Return on Equity (1.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Physicians Realty Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: DOC has a high level of physical assets or inventory.
Debt Coverage by Assets: DOC's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: DOC's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if DOC has a sufficient allowance for bad loans.
Low Risk Liabilities: DOC reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if DOC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: DOC has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if DOC has an appropriate level of bad loans.
Next Steps
Dividend
What is Physicians Realty Trust's current dividend yield, its reliability and sustainability?
4.93%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: DOC's dividend (4.93%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: DOC's dividend (4.93%) is in the top 25% of dividend payers in the US market (3.67%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, DOC has been paying a dividend for less than 10 years.
Growing Dividend: DOC's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (89.9%), DOC's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DOC's dividends in 3 years are forecast to be thoroughly covered by earnings (0.4% payout ratio).
Next Steps
Management
What is the CEO of Physicians Realty Trust's salary, the management and board of directors tenure and is there insider trading?
4.0yrs
Average management tenure
CEO
John Thomas (53yo)
6.9yrs
Tenure
US$4,141,269
Compensation
Mr. John T. Thomas is Physicians Realty Trust’s President and Chief Executive Officer and also serves on its Board. Mr. Thomas has been an Executive Officer and Trustee of Physicians Realty Trust since Apr ...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD4.14M) is about average for companies of similar size in the US market ($USD5.10M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.0yrs
Average Tenure
54yo
Average Age
Experienced Management: DOC's management team is considered experienced (4 years average tenure).
Board Age and Tenure
6.4yrs
Average Tenure
64.5yo
Average Age
Experienced Board: DOC's board of directors are considered experienced (6.4 years average tenure).
Insider Trading
Insider Buying: DOC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Financial Officer Executive VP |
| Shares | 4,150 |
| Max Price | US$18.19 |
| Entity | Individual |
| Role | Controller Senior VP & Controller |
| Shares | 553 |
| Max Price | US$18.09 |
| Entity | Individual |
| Role | Chief Accounting Officer Chief Accounting & Administrative Officer |
| Shares | 2,900 |
| Max Price | US$17.99 |
| Entity | Individual |
| Role | Chief Legal Officer Senior VP & General Counsel |
| Shares | 4,330 |
| Max Price | US$17.27 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Del Mar Taylor (62yo)
Executive VP & Chief Investment Officer
- Tenure: 2.9yrs
- Compensation: US$2.16m
John Thomas (53yo)
President
- Tenure: 6.9yrs
- Compensation: US$4.14m
Bradley Page (58yo)
Senior VP & General Counsel
- Tenure: 4.8yrs
- Compensation: US$1.26m
Jeff Theiler (45yo)
Executive VP
- Tenure: 5.4yrs
- Compensation: US$2.13m
John Lucey (57yo)
Chief Accounting & Administrative Officer
- Tenure: 3.1yrs
- Compensation: US$1.18m
Daniel Klein (54yo)
Senior VP of Investments & Deputy Chief Investment Officer
- Tenure: 2.9yrs
- Compensation: US$1.35m
Jennifer Manna
Vice President & Associate General Counsel
- Tenure: 0yrs
Laurie Becker (40yo)
Senior VP & Controller
- Tenure: 0yrs
Board Members
Albert Black (60yo)
- Tenure: 6.3yrs
- Compensation: US$187.45k
Stanton Anderson (79yo)
- Tenure: 6.4yrs
- Compensation: US$187.45k
Tommy Thompson (77yo)
Non-Executive Chairman of the Board
- Tenure: 6.4yrs
- Compensation: US$286.17k
Pam Shelley-Kessler (53yo)
- Tenure: 1.9yrs
- Compensation: US$160.00k
John Thomas (53yo)
President
- Tenure: 6.9yrs
- Compensation: US$4.14m
Mark Baumgartner (64yo)
- Tenure: 6.4yrs
- Compensation: US$207.45k
William Ebinger (65yo)
- Tenure: 6.3yrs
- Compensation: US$167.45k
Richard Weiss (73yo)
- Tenure: 6.4yrs
- Compensation: US$187.45k
Company Information
Physicians Realty Trust's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Physicians Realty Trust
- Ticker: DOC
- Exchange: NYSE
- Founded: 2013
- Industry: Health Care REITs
- Sector: Real Estate
- Implied Market Cap: US$3.696b
- Market Cap: US$3.509b
- Shares outstanding: 194.53m
- Website: https://www.docreit.com
Number of Employees
Location
- Physicians Realty Trust
- 309 North Water Street
- Suite 500
- Milwaukee
- Wisconsin
- 53202
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DOC | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Jul 2013 |
Biography
Physicians Realty Trust is a self-managed healthcare real estate company organized to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthc ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/12 00:15 |
| End of Day Share Price | 2019/12/11 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.