Universal Health Realty Income Trust (NYSE:UHT) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Universal Health Realty Income Trust (NYSE:UHT)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $39.66 and traded as high as $40.35. Universal Health Realty Income Trust shares last traded at $40.0320, with a volume of 39,913 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Universal Health Realty Income Trust in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Universal Health Realty Income Trust Stock Up 0.7%

The business has a 50-day simple moving average of $40.05 and a 200-day simple moving average of $39.66. The company has a debt-to-equity ratio of 2.37, a quick ratio of 7.37 and a current ratio of 7.37. The company has a market cap of $555.40 million, a price-to-earnings ratio of 31.03 and a beta of 0.92.

Universal Health Realty Income Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were issued a dividend of $0.745 per share. This is a boost from Universal Health Realty Income Trust’s previous quarterly dividend of $0.74. The ex-dividend date was Monday, December 22nd. This represents a $2.98 annualized dividend and a yield of 7.4%. Universal Health Realty Income Trust’s dividend payout ratio (DPR) is presently 231.01%.

Insider Activity at Universal Health Realty Income Trust

In other news, CEO Alan B. Miller acquired 12,247 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were bought at an average cost of $37.02 per share, with a total value of $453,383.94. Following the transaction, the chief executive officer owned 182,104 shares in the company, valued at approximately $6,741,490.08. This trade represents a 7.21% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.39% of the company’s stock.

Hedge Funds Weigh In On Universal Health Realty Income Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Hantz Financial Services Inc. raised its holdings in Universal Health Realty Income Trust by 842.2% during the second quarter. Hantz Financial Services Inc. now owns 1,517 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 1,356 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Universal Health Realty Income Trust by 149.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 48,941 shares of the real estate investment trust’s stock valued at $1,917,000 after buying an additional 29,283 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Universal Health Realty Income Trust by 29.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 95,865 shares of the real estate investment trust’s stock valued at $3,927,000 after buying an additional 21,708 shares during the last quarter. GAMMA Investing LLC raised its stake in Universal Health Realty Income Trust by 101.8% during the 2nd quarter. GAMMA Investing LLC now owns 888 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 448 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in Universal Health Realty Income Trust by 245.4% during the 2nd quarter. SG Americas Securities LLC now owns 15,217 shares of the real estate investment trust’s stock worth $608,000 after acquiring an additional 10,811 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.