UPDATE: Wunderlich Securities Reiterates on Physicians Realty Trust as Growth Capital is Deployed

In a report published Thursday, Wunderlich Securities analyst Merrill Ross reiterated a Buy rating on Physicians Realty Trust DOC, and raised the price target from $14.00 to $14.75. In the report, Wunderlich Securities noted, “Buy-Rated Physicians Realty Trust (DOC) is our top pick among equity REITs for 2014, because we think the company has a long runway of accretive acquisition potential. The combination of an aging population, healthcare reform, and a shortage of doctors is changing the way medicine is practiced in the U.S. DOC works with doctors and hospital systems to monetize their facilities without disrupting their patient service. The company raised approximately $90mm by issuing 8.3mm shares on December 6, 2013 and expects to deploy the levered proceeds expeditiously to eliminate earnings dilution, and will maintain dividends at $0.90/sh in the mean time. Based on the post-acquisition stabilized earnings, we are raising our 12 month price target to $14.75.” Physicians Realty Trust closed on Wednesday at $12.14.