Universal Health Realty Income Trust (NYSE:UHT) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Universal Health Realty Income Trust (NYSE:UHT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $41.29 and traded as high as $44.37. Universal Health Realty Income Trust shares last traded at $43.8020, with a volume of 155,009 shares.

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 Wednesday, April 15th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Universal Health Realty Income Trust Trading Down 1.1%

The stock’s 50 day simple moving average is $41.23 and its two-hundred day simple moving average is $41.29. The stock has a market capitalization of $607.97 million, a PE ratio of 34.22 and a beta of 0.82. The company has a debt-to-equity ratio of 2.56, a current ratio of 6.14 and a quick ratio of 6.14.

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 earnings per share (EPS) for the quarter. The company had revenue of $24.53 million during 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. Shareholders of record on Monday, June 22nd were given a $0.75 dividend. This is an increase from Universal Health Realty Income Trust’s previous quarterly dividend of $0.74. This represents a $3.00 dividend on an annualized basis and a yield of 6.8%. 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 Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Universal Health Realty Income Trust by 5.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 365,199 shares of the real estate investment trust’s stock worth $14,597,000 after acquiring an additional 19,679 shares during the period. Dimensional Fund Advisors LP boosted its position in Universal Health Realty Income Trust by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 190,589 shares of the real estate investment trust’s stock worth $7,713,000 after purchasing an additional 2,686 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Universal Health Realty Income Trust by 7.2% in the third quarter. Ameriprise Financial Inc. now owns 158,762 shares of the real estate investment trust’s stock worth $6,219,000 after purchasing an additional 10,654 shares in the last quarter. Invesco Ltd. increased its stake in shares of Universal Health Realty Income Trust by 8.9% in the second quarter. Invesco Ltd. now owns 154,328 shares of the real estate investment trust’s stock worth $6,168,000 after purchasing an additional 12,630 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Universal Health Realty Income Trust by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 130,948 shares of the real estate investment trust’s stock valued at $5,134,000 after purchasing an additional 5,508 shares during the period. 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.