Universal Health Realty Income Trust (NYSE:UHT) Shares Gap Up – Here’s What Happened

Universal Health Realty Income Trust (NYSE:UHT) gapped up before the market opened on Wednesday . The stock had previously closed at $38.20, but opened at $39.90. Universal Health Realty Income Trust shares last traded at $40.3140, with a volume of 5,995 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Universal Health Realty Income Trust in a research report on Wednesday, April 15th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Universal Health Realty Income Trust Price Performance

The company has a 50 day moving average of $40.78 and a two-hundred day moving average of $41.11. The firm has a market cap of $558.55 million, a P/E ratio of 31.48 and a beta of 0.82. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 2.56.

Universal Health Realty Income Trust (NYSE:UHT) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.36 EPS for the quarter. Universal Health Realty Income Trust had a net margin of 18.00% and a return on equity of 11.44%. The firm had revenue of $24.53 million for the quarter.

Universal Health Realty Income Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be paid a $0.75 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $3.00 annualized dividend and a dividend yield of 7.5%. This is an increase from Universal Health Realty Income Trust’s previous quarterly dividend of $0.74. Universal Health Realty Income Trust’s dividend payout ratio is presently 234.38%.

Institutional Trading of Universal Health Realty Income Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Total Wealth Planning & Management Inc. acquired a new position in Universal Health Realty Income Trust in the fourth quarter worth approximately $498,000. Bailard Inc. acquired a new stake in shares of Universal Health Realty Income Trust during the 4th quarter valued at $541,000. Vanguard Group Inc. lifted its position in shares of Universal Health Realty Income Trust by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,619,739 shares of the real estate investment trust’s stock valued at $63,445,000 after acquiring an additional 15,550 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Universal Health Realty Income Trust by 20.9% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,742 shares of the real estate investment trust’s stock worth $421,000 after acquiring an additional 1,857 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Universal Health Realty Income Trust during the 3rd quarter worth $349,000. 64.66% of the stock is 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.