Universal Health Realty Income Trust (NYSE:UHT) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Universal Health Realty Income Trust (NYSE:UHT)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $41.90 and traded as high as $41.95. Universal Health Realty Income Trust shares last traded at $41.36, with a volume of 55,994 shares trading hands.

Wall Street Analysts Forecast Growth

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, July 28th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Universal Health Realty Income Trust Trading Up 0.2%

The company has a market cap of $574.86 million, a PE ratio of 29.76 and a beta of 0.82. The company’s 50 day simple moving average is $42.31 and its two-hundred day simple moving average is $41.90. The company has a debt-to-equity ratio of 2.67, a current ratio of 5.54 and a quick ratio of 6.14.

Universal Health Realty Income Trust (NYSE:UHT) last released its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter. Universal Health Realty Income Trust had a net margin of 19.40% and a return on equity of 12.31%. The business had revenue of $24.99 million for the quarter.

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 given a $0.75 dividend. The ex-dividend date of this dividend 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 7.3%. Universal Health Realty Income Trust’s dividend payout ratio is presently 215.83%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of UHT. Advisory Services Network LLC purchased a new stake in shares of Universal Health Realty Income Trust in the 3rd quarter valued at $29,000. Bessemer Group Inc. boosted its holdings in Universal Health Realty Income Trust by 120.6% during the 1st quarter. Bessemer Group Inc. now owns 759 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 415 shares during the period. Trust Co. of Vermont purchased a new position in Universal Health Realty Income Trust during the 2nd quarter valued at about $41,000. Tower Research Capital LLC TRC boosted its holdings in Universal Health Realty Income Trust by 130.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,063 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 602 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in Universal Health Realty Income Trust in the 4th quarter valued at about $46,000. 64.66% of the stock is currently owned by hedge funds and other institutional investors.

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.