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

Shares of Universal Health Realty Income Trust (NYSE:UHT) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $41.29 and traded as high as $44.37. Universal Health Realty Income Trust shares last traded at $43.8020, with a volume of 155,009 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Universal Health Realty Income Trust in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Universal Health Realty Income Trust Stock Down 1.5%

The business has a 50-day moving average price of $41.33 and a 200-day moving average price of $41.32. The company has a market capitalization of $596.44 million, a price-to-earnings ratio of 33.57 and a beta of 0.82. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 2.56.

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

Universal Health Realty Income Trust Increases Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 7.0%. Universal Health Realty Income Trust’s dividend payout ratio is 234.38%.

Institutional Investors Weigh In On Universal Health Realty Income Trust

A number of large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Universal Health Realty Income Trust by 5.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 365,199 shares of the real estate investment trust’s stock worth $14,597,000 after purchasing an additional 19,679 shares during the period. Dimensional Fund Advisors LP grew its position in Universal Health Realty Income Trust by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 190,589 shares of the real estate investment trust’s stock worth $7,713,000 after purchasing an additional 2,686 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Universal Health Realty Income Trust by 7.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 158,762 shares of the real estate investment trust’s stock valued at $6,219,000 after purchasing an additional 10,654 shares during the period. Invesco Ltd. raised its stake in Universal Health Realty Income Trust by 8.9% during the 2nd quarter. Invesco Ltd. now owns 154,328 shares of the real estate investment trust’s stock valued at $6,168,000 after purchasing an additional 12,630 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Universal Health Realty Income Trust by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 130,948 shares of the real estate investment trust’s stock valued at $5,134,000 after purchasing an additional 5,508 shares in the last quarter. Institutional investors and hedge funds 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.