Universal Health Realty Income Trust (NYSE:UHT) Hits New 52-Week High – Here’s What Happened

Shares of Universal Health Realty Income Trust (NYSE:UHT) reached a new 52-week high on Wednesday . The stock traded as high as $44.20 and last traded at $44.0520, with a volume of 60959 shares trading hands. The stock had previously closed at $43.56.

Wall Street Analyst Weigh In

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, Universal Health Realty Income Trust presently has an average rating of “Hold”.

Universal Health Realty Income Trust Stock Up 1.1%

The business has a 50 day moving average of $40.68 and a two-hundred day moving average of $39.81. The stock has a market capitalization of $611.00 million, a PE ratio of 34.15 and a beta of 0.91. The company has a debt-to-equity ratio of 2.37, a quick ratio of 7.37 and a current ratio of 7.37.

Universal Health Realty Income Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were given a dividend of $0.745 per share. 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 annualized dividend and a dividend yield of 6.8%. Universal Health Realty Income Trust’s payout ratio is currently 231.01%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Universal Health Realty Income Trust by 1.0% during the third quarter. Vanguard Group Inc. now owns 1,619,739 shares of the real estate investment trust’s stock valued at $63,445,000 after acquiring an additional 15,550 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Universal Health Realty Income Trust by 3.3% during the second quarter. Bank of New York Mellon Corp now owns 441,836 shares of the real estate investment trust’s stock worth $17,660,000 after purchasing an additional 14,032 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Universal Health Realty Income Trust by 5.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 365,199 shares of the real estate investment trust’s stock valued at $14,597,000 after purchasing an additional 19,679 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Universal Health Realty Income Trust by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 344,184 shares of the real estate investment trust’s stock worth $13,759,000 after purchasing an additional 1,428 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Universal Health Realty Income Trust by 7.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 158,762 shares of the real estate investment trust’s stock worth $6,219,000 after purchasing an additional 10,654 shares in the last quarter. Institutional investors 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.