Universal Health Realty Income Trust (NYSE:UHT) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Universal Health Realty Income Trust (NYSE:UHT)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $40.02 and traded as high as $43.99. Universal Health Realty Income Trust shares last traded at $43.76, with a volume of 57,313 shares traded.

Wall Street Analysts Forecast Growth

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

Universal Health Realty Income Trust Price Performance

The firm has a market cap of $607.39 million, a PE ratio of 34.73 and a beta of 0.89. The company has a debt-to-equity ratio of 2.46, a current ratio of 6.05 and a quick ratio of 6.05. The firm has a 50-day simple moving average of $41.06 and a 200 day simple moving average of $40.02.

Universal Health Realty Income Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a dividend of $0.745 per share. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase from Universal Health Realty Income Trust’s previous quarterly dividend of $0.74. This represents a $2.98 dividend on an annualized basis and a dividend yield of 6.8%. Universal Health Realty Income Trust’s dividend payout ratio is currently 236.51%.

Institutional Investors Weigh In On Universal Health Realty Income Trust

Several hedge funds and other institutional investors have recently made changes to their positions in UHT. AQR Capital Management LLC raised its holdings in Universal Health Realty Income Trust by 4.7% in the 1st quarter. AQR Capital Management LLC now owns 24,789 shares of the real estate investment trust’s stock worth $1,015,000 after purchasing an additional 1,120 shares during the period. Goldman Sachs Group Inc. increased its holdings in Universal Health Realty Income Trust by 29.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 95,865 shares of the real estate investment trust’s stock valued at $3,927,000 after acquiring an additional 21,708 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Universal Health Realty Income Trust by 41.4% in the first quarter. Jane Street Group LLC now owns 24,493 shares of the real estate investment trust’s stock worth $1,003,000 after buying an additional 7,175 shares in the last quarter. Strs Ohio purchased a new position in shares of Universal Health Realty Income Trust in the first quarter valued at $102,000. Finally, Teacher Retirement System of Texas increased its holdings in shares of Universal Health Realty Income Trust by 82.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 11,163 shares of the real estate investment trust’s stock worth $446,000 after buying an additional 5,049 shares during the last quarter. Hedge funds and other institutional investors own 64.66% of the company’s stock.

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.