Assetmark Inc. Purchases Shares of 2,514 Universal Health Realty Income Trust (NYSE:UHT)

Assetmark Inc. purchased a new stake in Universal Health Realty Income Trust (NYSE:UHT – Get Rating) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,514 shares of the real estate investment trust’s stock, valued at approximately $109,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont acquired a new stake in Universal Health Realty Income Trust in the 2nd quarter valued at $46,000. ProShare Advisors LLC bought a new stake in Universal Health Realty Income Trust in the 2nd quarter valued at about $8,385,000. Alps Advisors Inc. bought a new stake in Universal Health Realty Income Trust in the 2nd quarter valued at about $2,041,000. WINTON GROUP Ltd boosted its holdings in Universal Health Realty Income Trust by 355.8% in the 2nd quarter. WINTON GROUP Ltd now owns 15,967 shares of the real estate investment trust’s stock valued at $850,000 after purchasing an additional 12,464 shares during the period. Finally, Avantax Advisory Services Inc. raised its position in shares of Universal Health Realty Income Trust by 7.4% in the 2nd quarter. Avantax Advisory Services Inc. now owns 4,378 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 302 shares in the last quarter. 63.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Universal Health Realty Income Trust in a report on Wednesday, October 12th. They set a “hold” rating on the stock.

Universal Health Realty Income Trust Stock Performance

UHT opened at $52.62 on Friday. The company has a current ratio of 7.53, a quick ratio of 7.53 and a debt-to-equity ratio of 1.46. The company’s fifty day moving average price is $50.36 and its two-hundred day moving average price is $49.64. Universal Health Realty Income Trust has a 1-year low of $40.92 and a 1-year high of $60.70. The company has a market cap of $726.16 million, a price-to-earnings ratio of 6.77 and a beta of 0.83.

Universal Health Realty Income Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 16th were given a $0.715 dividend. This is a positive change from Universal Health Realty Income Trust’s previous quarterly dividend of $0.71. This represents a $2.86 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date of this dividend was Thursday, December 15th. Universal Health Realty Income Trust’s dividend payout ratio (DPR) is 36.81%.

About Universal Health Realty Income Trust

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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.