Universal Health Realty Income Trust (NYSE:UHT) Hits New 1-Year High – Here’s What Happened

Universal Health Realty Income Trust (NYSE:UHT)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $44.20 and last traded at $44.0520, with a volume of 60959 shares traded. The stock had previously closed at $43.56.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Universal Health Realty Income Trust in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Universal Health Realty Income Trust Price Performance

The company has a debt-to-equity ratio of 2.37, a current ratio of 7.37 and a quick ratio of 7.37. The company has a 50 day moving average price of $40.79 and a 200 day moving average price of $39.91. The firm has a market cap of $604.81 million, a PE ratio of 34.58 and a beta of 0.91.

Universal Health Realty Income Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date was Monday, December 22nd. This is an increase from Universal Health Realty Income Trust’s previous quarterly dividend of $0.74. Universal Health Realty Income Trust’s payout ratio is currently 231.01%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in UHT. SG Americas Securities LLC lifted its position in Universal Health Realty Income Trust by 463.1% in the third quarter. SG Americas Securities LLC now owns 85,692 shares of the real estate investment trust’s stock valued at $3,357,000 after purchasing an additional 70,475 shares during the period. Moore Capital Management LP purchased a new position in shares of Universal Health Realty Income Trust during the 4th quarter worth approximately $1,997,000. Millennium Management LLC acquired a new stake in shares of Universal Health Realty Income Trust in the 3rd quarter valued at approximately $1,901,000. LPL Financial LLC boosted its stake in shares of Universal Health Realty Income Trust by 465.7% in the fourth quarter. LPL Financial LLC now owns 50,112 shares of the real estate investment trust’s stock valued at $1,965,000 after buying an additional 41,253 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Universal Health Realty Income Trust by 149.0% in the third quarter. Exchange Traded Concepts LLC now owns 48,941 shares of the real estate investment trust’s stock valued at $1,917,000 after buying an additional 29,283 shares in the last quarter. 64.66% of the stock is currently owned by institutional investors and hedge funds.

Universal Health Realty Income Trust Company Profile

Universal Health Realty Income Trust (NYSE: UHT) is a real estate investment trust specializing in the ownership, financing and development of healthcare-related properties. The company’s primary focus is on sale-leaseback and build-to-suit transactions with hospitals, healthcare systems and senior living operators. Its portfolio includes medical office buildings, hospitals, outpatient facilities, senior housing communities and life science research facilities, all structured to provide long-term, triple-net leases with established healthcare providers.

UHT’s real estate holdings are diversified across key markets throughout the United States, from major metropolitan areas to growing suburban regions.