Universal Health Realty Income Trust (NYSE:UHT) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Universal Health Realty Income Trust (NYSE:UHT) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $39.66 and traded as high as $40.35. Universal Health Realty Income Trust shares last traded at $40.0320, with a volume of 39,913 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Universal Health Realty Income Trust in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Universal Health Realty Income Trust Price Performance

The company has a 50-day moving average of $40.05 and a 200-day moving average of $39.66. The company has a debt-to-equity ratio of 2.37, a quick ratio of 7.37 and a current ratio of 7.37. The stock has a market cap of $555.40 million, a price-to-earnings ratio of 31.03 and a beta of 0.92.

Universal Health Realty Income Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 7.4%. This is a boost from Universal Health Realty Income Trust’s previous quarterly dividend of $0.74. The ex-dividend date was Monday, December 22nd. Universal Health Realty Income Trust’s dividend payout ratio (DPR) is currently 231.01%.

Insider Buying and Selling at Universal Health Realty Income Trust

In other news, CEO Alan B. Miller acquired 12,247 shares of the stock in a transaction that occurred on Wednesday, October 29th. The shares were purchased at an average cost of $37.02 per share, for a total transaction of $453,383.94. Following the transaction, the chief executive officer directly owned 182,104 shares in the company, valued at approximately $6,741,490.08. This represents a 7.21% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 2.39% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Universal Health Realty Income Trust

A number of large investors have recently bought and sold shares of UHT. Public Employees Retirement System of Ohio lifted its stake in shares of Universal Health Realty Income Trust by 1.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 18,156 shares of the real estate investment trust’s stock worth $726,000 after acquiring an additional 247 shares during the period. Raymond James Financial Inc. raised its holdings in 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 in the last quarter. GAMMA Investing LLC raised its holdings in Universal Health Realty Income Trust by 101.8% during the second quarter. GAMMA Investing LLC now owns 888 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 448 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its position in Universal Health Realty Income Trust by 10.3% in the third 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. Finally, Prudential Financial Inc. boosted its holdings in Universal Health Realty Income Trust by 4.2% in the 2nd quarter. Prudential Financial Inc. now owns 13,753 shares of the real estate investment trust’s stock valued at $558,000 after purchasing an additional 556 shares in the last quarter. 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.