Universal Health Realty Income Trust (NYSE:UHT) Shares Cross Above 200 Day Moving Average – Here’s Why

Universal Health Realty Income Trust (NYSE:UHT)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $41.72 and traded as high as $45.57. Universal Health Realty Income Trust shares last traded at $44.7710, with a volume of 104,796 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Universal Health Realty Income Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Universal Health Realty Income Trust Price Performance

The stock has a market capitalization of $604.06 million, a P/E ratio of 31.31 and a beta of 0.82. The business has a fifty day simple moving average of $42.17 and a 200-day simple moving average of $41.75. The company has a debt-to-equity ratio of 2.67, a quick ratio of 6.14 and a current ratio of 5.54.

Universal Health Realty Income Trust (NYSE:UHT) last released its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $0.36 earnings per share for the quarter. Universal Health Realty Income Trust had a net margin of 19.40% and a return on equity of 12.31%. The company had revenue of $24.53 million during the quarter.

Universal Health Realty Income Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were issued a $0.75 dividend. The ex-dividend date was Monday, June 22nd. This is a positive change from Universal Health Realty Income Trust’s previous quarterly dividend of $0.74. This represents a $3.00 dividend on an annualized basis and a yield of 6.9%. Universal Health Realty Income Trust’s dividend payout ratio is 215.83%.

Institutional Investors Weigh In On Universal Health Realty Income Trust

Several hedge funds and other institutional investors have recently bought and sold shares of UHT. Total Wealth Planning & Management Inc. acquired a new stake in shares of Universal Health Realty Income Trust in the 4th quarter valued at about $498,000. Bailard Inc. acquired a new position in Universal Health Realty Income Trust during the 4th quarter worth approximately $541,000. Hantz Financial Services Inc. raised its stake in Universal Health Realty Income Trust by 81.4% during the 4th quarter. Hantz Financial Services Inc. now owns 1,758 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 789 shares during the period. LSV Asset Management bought a new position in Universal Health Realty Income Trust in the fourth quarter worth approximately $274,000. Finally, Arrow Investment Advisors LLC bought a new position in Universal Health Realty Income Trust in the fourth quarter worth approximately $203,000. 64.66% of the stock is owned by institutional investors.

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.