Universal Health Realty Income Trust (NYSE:UHT) Plans Dividend Increase – $0.71 Per Share

Universal Health Realty Income Trust (NYSE:UHTGet Rating) declared a quarterly dividend on Thursday, June 9th, Zacks reports. Investors of record on Monday, June 20th will be paid a dividend of 0.71 per share by the real estate investment trust on Thursday, June 30th. This represents a $2.84 annualized dividend and a yield of 5.34%. The ex-dividend date of this dividend is Thursday, June 16th. This is a boost from Universal Health Realty Income Trust’s previous quarterly dividend of $0.71.

Universal Health Realty Income Trust has raised its dividend payment by an average of 1.5% per year over the last three years and has raised its dividend annually for the last 37 consecutive years.

Shares of UHT opened at $53.17 on Friday. Universal Health Realty Income Trust has a 12-month low of $47.27 and a 12-month high of $73.75. The company has a quick ratio of 8.64, a current ratio of 1.74 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $733.21 million, a price-to-earnings ratio of 6.72 and a beta of 0.80. The stock’s 50-day moving average price is $53.24 and its 200 day moving average price is $56.44.

Separately, StockNews.com lowered Universal Health Realty Income Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, May 25th.

In other news, Director Robert F. Mccadden purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, May 10th. The shares were purchased at an average cost of $47.88 per share, for a total transaction of $95,760.00. Following the completion of the purchase, the director now directly owns 7,000 shares of the company’s stock, valued at approximately $335,160. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.90% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Universal Health Realty Income Trust by 3.9% in the 4th quarter. BlackRock Inc. now owns 2,403,705 shares of the real estate investment trust’s stock valued at $142,949,000 after purchasing an additional 90,688 shares during the period. Vanguard Group Inc. grew its stake in shares of Universal Health Realty Income Trust by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 2,243,819 shares of the real estate investment trust’s stock valued at $130,972,000 after purchasing an additional 39,998 shares during the period. State Street Corp grew its stake in shares of Universal Health Realty Income Trust by 11.3% in the 1st quarter. State Street Corp now owns 822,114 shares of the real estate investment trust’s stock valued at $47,987,000 after purchasing an additional 83,770 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Universal Health Realty Income Trust by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 388,525 shares of the real estate investment trust’s stock valued at $22,680,000 after purchasing an additional 3,633 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Universal Health Realty Income Trust by 0.9% in the 1st quarter. Renaissance Technologies LLC now owns 282,310 shares of the real estate investment trust’s stock valued at $16,478,000 after purchasing an additional 2,500 shares during the period. Institutional investors own 63.63% of the company’s stock.

About Universal Health Realty Income Trust (Get Rating)

Universal Health Realty Income Trust, a real estate investment trust, invests in healthcare and human service related facilities including acute care hospitals, rehabilitation hospitals, sub-acute care facilities, medical/office buildings, free-standing emergency departments and childcare centers. We have investments in seventy-one properties located in twenty states, including two that are currently under construction.

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Dividend History for Universal Health Realty Income Trust (NYSE:UHT)

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