Universal Health Realty Income Trust (NYSE:UHT) Sets New 52-Week High – What’s Next?

Universal Health Realty Income Trust (NYSE:UHT)’s share price hit a new 52-week high on Wednesday . The company traded as high as $44.93 and last traded at $44.88, with a volume of 36159 shares. The stock had previously closed at $43.86.

Analyst Upgrades and Downgrades

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

Universal Health Realty Income Trust Trading Up 2.6%

The firm has a market capitalization of $624.74 million, a P/E ratio of 35.16 and a beta of 0.82. The business’s 50 day moving average is $40.79 and its two-hundred day moving average is $41.19. 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 released its earnings results on Monday, April 27th. The real estate investment trust reported $0.36 EPS for the quarter. The firm had revenue of $24.53 million for the quarter. Universal Health Realty Income Trust had a net margin of 18.00% and a return on equity of 11.44%.

Universal Health Realty Income Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were paid a dividend of $0.75 per share. This is an increase from Universal Health Realty Income Trust’s previous quarterly dividend of $0.74. This represents a $3.00 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Monday, June 22nd. Universal Health Realty Income Trust’s dividend payout ratio (DPR) is 234.38%.

Institutional Trading of Universal Health Realty Income Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in UHT. Bank of America Corp DE grew its position in Universal Health Realty Income Trust by 6.3% in the first quarter. Bank of America Corp DE now owns 40,839 shares of the real estate investment trust’s stock worth $1,653,000 after buying an additional 2,404 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Universal Health Realty Income Trust by 18.4% during the 1st quarter. Quantinno Capital Management LP now owns 28,450 shares of the real estate investment trust’s stock valued at $1,151,000 after acquiring an additional 4,423 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Universal Health Realty Income Trust by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 190,589 shares of the real estate investment trust’s stock worth $7,713,000 after acquiring an additional 2,686 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Universal Health Realty Income Trust by 120.6% during the 1st quarter. Bessemer Group Inc. now owns 759 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 415 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Universal Health Realty Income Trust by 8.0% in the 1st quarter. Principal Financial Group Inc. now owns 77,665 shares of the real estate investment trust’s stock worth $3,143,000 after acquiring an additional 5,725 shares during the last quarter. 64.66% of the stock is currently owned by institutional investors.

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.