Universal Health Realty Income Trust (NYSE:UHT) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Universal Health Realty Income Trust (NYSE:UHT)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $40.26 and traded as high as $42.95. Universal Health Realty Income Trust shares last traded at $40.5970, with a volume of 244,526 shares changing hands.

Wall Street Analysts Forecast Growth

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

Universal Health Realty Income Trust Price Performance

The firm has a 50-day moving average of $41.86 and a 200-day moving average of $40.26. The stock has a market cap of $563.49 million, a PE ratio of 32.22 and a beta of 0.89. The company has a debt-to-equity ratio of 2.46, a current ratio of 6.05 and a quick ratio of 6.05.

Universal Health Realty Income Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be given a dividend of $0.745 per share. The ex-dividend date is Monday, March 23rd. This represents a $2.98 annualized dividend and a dividend yield of 7.3%. Universal Health Realty Income Trust’s dividend payout ratio (DPR) is presently 236.51%.

Hedge Funds Weigh In On Universal Health Realty Income Trust

Several hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new position in Universal Health Realty Income Trust during the third quarter valued at $29,000. MAI Capital Management increased its holdings in Universal Health Realty Income Trust by 273.8% in the 3rd quarter. MAI Capital Management now owns 800 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 586 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Universal Health Realty Income Trust by 130.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,063 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 602 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Universal Health Realty Income Trust by 848.8% in the third quarter. Versant Capital Management Inc now owns 1,167 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,044 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Universal Health Realty Income Trust in the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 64.66% of the company’s stock.

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.