Universal Health Realty Income Trust to Issue Quarterly Dividend of $0.70 (NYSE:UHT)

Universal Health Realty Income Trust (NYSE:UHT) declared a quarterly dividend on Wednesday, September 8th, Zacks reports. Investors of record on Monday, September 20th will be paid a dividend of 0.70 per share by the real estate investment trust on Thursday, September 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend is Friday, September 17th.

Universal Health Realty Income Trust has increased its dividend payment by 4.6% over the last three years and has raised its dividend annually for the last 25 consecutive years.

Shares of NYSE:UHT opened at $57.83 on Wednesday. The company has a market capitalization of $796.43 million, a PE ratio of 35.48 and a beta of 0.76. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 2.03. Universal Health Realty Income Trust has a twelve month low of $52.25 and a twelve month high of $75.61. The firm has a 50 day simple moving average of $59.29 and a 200-day simple moving average of $64.76.

In other Universal Health Realty Income Trust news, CEO Alan B. Miller purchased 4,500 shares of Universal Health Realty Income Trust stock in a transaction that occurred on Tuesday, August 17th. The stock was purchased at an average price of $57.16 per share, for a total transaction of $257,220.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael Allan Domb purchased 3,000 shares of Universal Health Realty Income Trust stock in a transaction that occurred on Thursday, September 9th. The stock was acquired at an average price of $56.15 per share, with a total value of $168,450.00. Following the transaction, the director now owns 6,800 shares in the company, valued at $381,820. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by insiders.

An institutional investor recently raised its position in Universal Health Realty Income Trust stock. Morgan Stanley boosted its holdings in Universal Health Realty Income Trust (NYSE:UHT) by 38.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,811 shares of the real estate investment trust’s stock after purchasing an additional 17,601 shares during the quarter. Morgan Stanley owned about 0.46% of Universal Health Realty Income Trust worth $3,866,000 at the end of the most recent quarter. 64.60% of the stock is owned by hedge funds and other institutional investors.

Universal Health Realty Income Trust Company Profile

Universal Health Realty Income Trust operates as a real estate investment trust. It engages in investing and leasing healthcare and human service facilities through direct ownership or joint ventures. The firm focuses on investing in acute care hospitals, rehabilitation hospitals, sub-acute facilities, medical office buildings, free-standing emergency departments, and childcare centers.

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Dividend History for Universal Health Realty Income Trust (NYSE:UHT)

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