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

Universal Health Realty Income Trust (NYSE:UHT) shares reached a new 52-week high on Friday . The company traded as high as $43.10 and last traded at $42.9950, with a volume of 16050 shares changing hands. The stock had previously closed at $41.20.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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 MarketBeat.com, the stock 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 firm has a market cap of $582.75 million, a P/E ratio of 32.57 and a beta of 0.91. The company’s 50-day moving average is $40.22 and its two-hundred day moving average is $39.53.

Universal Health Realty Income Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a dividend of $0.745 per share. The ex-dividend date of this dividend was Monday, December 22nd. This is a boost 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 7.1%. Universal Health Realty Income Trust’s payout ratio is presently 231.01%.

Institutional Trading of Universal Health Realty Income Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. lifted its holdings in shares of Universal Health Realty Income Trust by 1.6% during the third quarter. Raymond James Financial Inc. now owns 18,698 shares of the real estate investment trust’s stock worth $732,000 after purchasing an additional 289 shares during the period. Farther Finance Advisors LLC boosted its holdings in Universal Health Realty Income Trust by 72.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,246 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 524 shares during the last quarter. Resona Asset Management Co. Ltd. increased its position in Universal Health Realty Income Trust by 10.3% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 5,618 shares of the real estate investment trust’s stock valued at $217,000 after purchasing an additional 525 shares during the period. Prudential Financial Inc. raised its holdings in Universal Health Realty Income Trust by 4.2% during the 2nd quarter. Prudential Financial Inc. now owns 13,753 shares of the real estate investment trust’s stock worth $558,000 after purchasing an additional 556 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Universal Health Realty Income Trust by 4.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 13,790 shares of the real estate investment trust’s stock worth $549,000 after purchasing an additional 560 shares during the last quarter. 64.66% of the stock is currently owned by institutional investors.

About Universal Health Realty Income Trust

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.