Universal Health Realty Income Trust (NYSE:UHT) Hits New 1-Year High – Here’s Why

Universal Health Realty Income Trust (NYSE:UHT) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $44.93 and last traded at $44.88, with a volume of 36159 shares traded. The stock had previously closed at $43.86.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Universal Health Realty Income Trust in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Universal Health Realty Income Trust Stock Performance

The firm has a market cap of $635.16 million, a P/E ratio of 35.75 and a beta of 0.82. The company has a current ratio of 6.14, a quick ratio of 6.14 and a debt-to-equity ratio of 2.56. The company’s 50-day moving average is $40.93 and its two-hundred day moving average is $41.23.

Universal Health Realty Income Trust (NYSE:UHT) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $0.36 EPS for the quarter. Universal Health Realty Income Trust had a return on equity of 11.44% and a net margin of 18.00%.The firm had revenue of $24.53 million during the quarter.

Universal Health Realty Income Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $3.00 dividend on an annualized basis and a yield of 6.6%. This is a positive change from Universal Health Realty Income Trust’s previous quarterly dividend of $0.74. Universal Health Realty Income Trust’s payout ratio is presently 234.38%.

Institutional Trading of Universal Health Realty Income Trust

Several institutional investors have recently made changes to their positions in UHT. AQR Capital Management LLC lifted its position in shares of Universal Health Realty Income Trust by 4.7% during the first quarter. AQR Capital Management LLC now owns 24,789 shares of the real estate investment trust’s stock valued at $1,015,000 after purchasing an additional 1,120 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Universal Health Realty Income Trust by 29.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 95,865 shares of the real estate investment trust’s stock worth $3,927,000 after buying an additional 21,708 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Universal Health Realty Income Trust by 41.4% in the first quarter. Jane Street Group LLC now owns 24,493 shares of the real estate investment trust’s stock valued at $1,003,000 after acquiring an additional 7,175 shares in the last quarter. Strs Ohio purchased a new stake in shares of Universal Health Realty Income Trust during the first quarter valued at approximately $102,000. Finally, Creative Planning increased its position in shares of Universal Health Realty Income Trust by 21.1% during the second quarter. Creative Planning now owns 10,877 shares of the real estate investment trust’s stock valued at $435,000 after acquiring an additional 1,896 shares during the last quarter. 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.