Universal Health Realty Income Trust (NYSE:UHT) Sets New 1-Year High – Here’s What Happened

Universal Health Realty Income Trust (NYSE:UHT)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $44.14 and last traded at $43.89, with a volume of 55240 shares changing hands. The stock had previously closed at $43.20.

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 Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Universal Health Realty Income Trust Stock Up 1.6%

The company has a market capitalization of $608.75 million, a price-to-earnings ratio of 34.02 and a beta of 0.91. The firm’s 50 day moving average price is $40.58 and its two-hundred day moving average price is $39.66. The company has a current ratio of 7.37, a quick ratio of 7.37 and a debt-to-equity ratio of 2.37.

Universal Health Realty Income Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given a $0.745 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change 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 6.8%. Universal Health Realty Income Trust’s payout ratio is 231.01%.

Institutional Investors Weigh In On Universal Health Realty Income Trust

Several hedge funds have recently added to or reduced their stakes in UHT. Guggenheim Capital LLC increased its holdings in shares of Universal Health Realty Income Trust by 16.9% in the fourth quarter. Guggenheim Capital LLC now owns 7,224 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 1,045 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Universal Health Realty Income Trust by 15.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,621 shares of the real estate investment trust’s stock worth $809,000 after buying an additional 2,834 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of Universal Health Realty Income Trust by 18.6% during the 4th quarter. Osaic Holdings Inc. now owns 3,921 shares of the real estate investment trust’s stock worth $154,000 after buying an additional 614 shares during the period. ExodusPoint Capital Management LP acquired a new position in Universal Health Realty Income Trust in the 4th quarter valued at about $269,000. Finally, Panagora Asset Management Inc. raised its holdings in Universal Health Realty Income Trust by 25.7% in the 4th quarter. Panagora Asset Management Inc. now owns 75,085 shares of the real estate investment trust’s stock valued at $2,944,000 after acquiring an additional 15,341 shares during the period. Institutional investors and hedge funds own 64.66% of the company’s stock.

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.