Universal Health Realty Income Trust (NYSE:UHT) Reaches New 1-Year High – What’s Next?

Universal Health Realty Income Trust (NYSE:UHT) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $43.10 and last traded at $42.9950, with a volume of 16050 shares changing hands. The stock had previously closed at $41.20.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Universal Health Realty Income Trust in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Universal Health Realty Income Trust currently has a consensus rating of “Hold”.

Universal Health Realty Income Trust Stock Performance

The stock’s 50-day moving average price is $40.25 and its 200-day moving average price is $39.53. The company has a market capitalization of $585.27 million, a price-to-earnings ratio of 32.70 and a beta of 0.91. The company has a debt-to-equity ratio of 2.37, a quick ratio of 7.37 and a current ratio of 7.37.

Universal Health Realty Income Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a dividend of $0.745 per share. This is an increase from Universal Health Realty Income Trust’s previous quarterly dividend of $0.74. This represents a $2.98 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend was Monday, December 22nd. Universal Health Realty Income Trust’s payout ratio is 231.01%.

Hedge Funds Weigh In On Universal Health Realty Income Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new position in Universal Health Realty Income Trust in the third quarter worth about $29,000. MAI Capital Management raised its holdings in shares of Universal Health Realty Income Trust by 273.8% during the third quarter. MAI Capital Management now owns 800 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 586 shares during the last quarter. Tower Research Capital LLC TRC raised its stake 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 in the last quarter. Versant Capital Management Inc grew its position in Universal Health Realty Income Trust by 848.8% in the 3rd quarter. Versant Capital Management Inc now owns 1,167 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 1,044 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Universal Health Realty Income Trust by 72.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,246 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 524 shares during the period. 64.66% of the stock is owned by institutional investors and hedge funds.

About Universal Health Realty Income Trust

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.