Brokerages Set U.S. Physical Therapy, Inc. (NYSE:USPH) Price Target at $114.00

Shares of U.S. Physical Therapy, Inc. (NYSE:USPH) have been assigned a consensus recommendation of “Buy” from the five ratings firms that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $114.00.

A number of research firms have recently weighed in on USPH. Barrington Research reissued an “outperform” rating and set a $108.00 price objective on shares of U.S. Physical Therapy in a research report on Thursday, November 21st. JPMorgan Chase & Co. increased their target price on shares of U.S. Physical Therapy from $117.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Bank of America raised shares of U.S. Physical Therapy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $100.00 to $115.00 in a research note on Monday, December 16th. JMP Securities began coverage on shares of U.S. Physical Therapy in a report on Monday, December 16th. They issued an “outperform” rating and a $113.00 price objective on the stock. Finally, Citizens Jmp upgraded shares of U.S. Physical Therapy to a “strong-buy” rating in a report on Monday, December 16th.

U.S. Physical Therapy Trading Down 0.1 %

Shares of U.S. Physical Therapy stock opened at $91.31 on Wednesday. U.S. Physical Therapy has a fifty-two week low of $76.18 and a fifty-two week high of $113.63. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.78 and a current ratio of 1.78. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 97.14, a PEG ratio of 4.23 and a beta of 1.46. The stock has a 50 day moving average of $90.58 and a 200 day moving average of $89.83.

U.S. Physical Therapy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were paid a dividend of $0.44 per share. The ex-dividend date was Friday, November 15th. This represents a $1.76 dividend on an annualized basis and a yield of 1.93%. U.S. Physical Therapy’s dividend payout ratio (DPR) is presently 187.23%.

Insider Activity

In other U.S. Physical Therapy news, Director Nancy Ham sold 1,172 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $96.72, for a total transaction of $113,355.84. Following the sale, the director now owns 1,112 shares in the company, valued at $107,552.64. This represents a 51.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Eric Joseph Williams sold 2,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $95.84, for a total value of $191,680.00. Following the completion of the sale, the insider now directly owns 14,814 shares in the company, valued at $1,419,773.76. This represents a 11.89 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,412 shares of company stock valued at $706,605. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of U.S. Physical Therapy

Hedge funds have recently added to or reduced their stakes in the company. Precision Wealth Strategies LLC increased its holdings in U.S. Physical Therapy by 5.1% in the third quarter. Precision Wealth Strategies LLC now owns 2,824 shares of the company’s stock valued at $239,000 after buying an additional 137 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of U.S. Physical Therapy by 18.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,188 shares of the company’s stock valued at $110,000 after acquiring an additional 186 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of U.S. Physical Therapy by 2.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,600 shares of the company’s stock worth $702,000 after acquiring an additional 200 shares in the last quarter. Martin Capital Advisors LLP raised its position in shares of U.S. Physical Therapy by 1.6% during the 3rd quarter. Martin Capital Advisors LLP now owns 13,138 shares of the company’s stock worth $1,112,000 after acquiring an additional 201 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in U.S. Physical Therapy in the second quarter valued at approximately $28,000.

U.S. Physical Therapy Company Profile

U.S. Physical Therapy, Inc operates outpatient physical therapy clinics. The company operates through Physical Therapy Operations and Industrial Injury Prevention Services segments. The company provides pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries.