Physicians Realty Trust initiated with an Underweight at Wells Fargo

Wells Fargo analyst Connor Siversky initiated coverage of Physicians Realty Trust with an Underweight rating and $14 price target, which represents 3% downside. The analyst views Physicians Realty’s "high quality portfolio positively," but estimates flat growth through 2024. The firm sees below average growth and limited accretion through investments for Physicians Realty Trust.