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

Universal Health Realty Income Trust (NYSE:UHT)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $40.26 and traded as high as $42.95. Universal Health Realty Income Trust shares last traded at $40.5970, with a volume of 244,526 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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 stock presently has an average rating of “Hold”.

Universal Health Realty Income Trust Stock Down 4.8%

The company has a debt-to-equity ratio of 2.46, a current ratio of 6.05 and a quick ratio of 6.05. The company’s 50-day simple moving average is $41.86 and its 200 day simple moving average is $40.26. The firm has a market cap of $563.49 million, a P/E ratio of 32.22 and a beta of 0.89.

Universal Health Realty Income Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Monday, March 23rd. Universal Health Realty Income Trust’s dividend payout ratio is currently 236.51%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in UHT. Advisory Services Network LLC bought a new stake in Universal Health Realty Income Trust during the third quarter worth approximately $29,000. MAI Capital Management lifted its stake in shares of Universal Health Realty Income Trust by 273.8% in the 3rd quarter. MAI Capital Management now owns 800 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 586 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Universal Health Realty Income Trust by 130.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,063 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 602 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Universal Health Realty Income Trust by 848.8% in the 3rd quarter. Versant Capital Management Inc now owns 1,167 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,044 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of Universal Health Realty Income Trust in the 4th quarter worth approximately $46,000. 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.