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

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

Analyst Upgrades and Downgrades

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 research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Universal Health Realty Income Trust has a consensus rating of “Hold”.

Universal Health Realty Income Trust Price Performance

The company has a debt-to-equity ratio of 2.56, a quick ratio of 6.14 and a current ratio of 6.14. The business’s fifty day simple moving average is $40.79 and its 200 day simple moving average is $41.19. The stock has a market cap of $624.74 million, a price-to-earnings ratio of 35.16 and a beta of 0.82.

Universal Health Realty Income Trust (NYSE:UHT) last posted its quarterly earnings data 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 for the quarter. Universal Health Realty Income Trust had a return on equity of 11.44% and a net margin of 18.00%.

Universal Health Realty Income Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $3.00 annualized dividend and a dividend yield of 6.7%. 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 currently 234.38%.

Hedge Funds Weigh In On Universal Health Realty Income Trust

Hedge funds have recently added to or reduced their stakes in the business. Moore Capital Management LP acquired a new stake in shares of Universal Health Realty Income Trust during the fourth quarter worth $1,997,000. Millennium Management LLC acquired a new position in shares of Universal Health Realty Income Trust in the 3rd quarter valued at about $1,901,000. LPL Financial LLC boosted its holdings in shares of Universal Health Realty Income Trust by 465.7% in the 4th quarter. LPL Financial LLC now owns 50,112 shares of the real estate investment trust’s stock valued at $1,965,000 after buying an additional 41,253 shares during the period. Macquarie Group Ltd. bought a new stake in shares of Universal Health Realty Income Trust during the 4th quarter valued at about $876,000. Finally, Goldman Sachs Group Inc. raised its stake in Universal Health Realty Income Trust by 29.3% during the first quarter. Goldman Sachs Group Inc. now owns 95,865 shares of the real estate investment trust’s stock worth $3,927,000 after acquiring an additional 21,708 shares during the period. Institutional investors and hedge funds 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.