Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Physicians Realty Trust shares valued at $178,100 were sold by Thomas John T on Aug 19. At $17.81 per share, Thomas John T sold 10,000 shares. The insider’s holdings dropped to 459,801 shares worth approximately $7.17 million following the completion of this transaction.
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Also, Thomas John T sold 10,000 shares, netting a total of over 180,800 in proceeds. Following the sale of shares at $18.08 each, the insider now holds 469,801 shares.
Before that, Thomas John T had sold 10,000 shares from its account. In a trade valued at $179,500, the President and CEO traded Physicians Realty Trust shares for $17.95 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $7.48 million.
As published in a research note from Colliers Securities on August 05, 2022, Physicians Realty Trust [DOC] has been rated down from a Buy to a Neutral and the price target has been revised to $19. This represents a 17.95% premium over Thursday’s closing price. Analysts at CapitalOne started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early June. As of May 19, 2022, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for DOC. Earlier on April 26, 2022, Barclays initiated its rating. Their recommendation was “an Overweight” for DOC stock.
Analyzing DOC’s Price Performance
On Thursday, Physicians Realty Trust [NYSE: DOC] plunged -1.52% to $15.59. The stock’s lowest price that day was $15.57, but it reached a high of $15.80 in the same session. During the last five days, there has been a drop of approximately -2.20%. Over the course of the year, Physicians Realty Trust shares have dropped approximately -17.21%. Shares of the company reached a 52-week high of $19.12 on 01/05/22 and a 52-week low of $15.57 on 09/22/22. A 50-day SMA is recorded $17.10, while a 200-day SMA reached $17.52. Nevertheless, trading volume fell to 1.55 million shares from 1.63 million shares the previous day.
Support And Resistance Levels for Physicians Realty Trust (DOC)
According to the 24-hour chart, there is a support level at 15.51, which, if violated, would cause prices to drop to 15.42. In the upper region, resistance lies at 15.74. The next price resistance is at 15.88. RSI (Relative Strength Index) is 30.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.60, which suggests the price will decrease in the coming days. Percent R is at 98.90%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Physicians Realty Trust subject to short interest?
Stocks of Physicians Realty Trust saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.06 million shares to 10.72 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 11.78 million shares. A decline of -9.89% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.47 of the overall float, the days-to-cover ratio (short ratio) decline to 4.47.
Which companies own the most shares of Physicians Realty Trust (DOC)?
According to The Vanguard Group, Inc. filings, the company currently owns 32,788,814 shares, which is about 14.49% of the total DOC shares outstanding. The investor’s shares have appreciated by 152,818 from its previous 13-F filing of 32635996.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $456,051,240. AllianceBernstein LP acquire a 2.68% interest valued at $194.25 million while SSgA Funds Management, Inc. purchased a 204,669 stake. A total of 278,263 shares of Physicians Realty Trust were bought by Channing Capital Management LLC during the quarter, and 17,308 were bought by Geode Capital Management LLC. In its current portfolio, Macquarie Investment Management B holds 4,528,238 shares valued at $75.44 million.