Universal Health Realty Income Trust (NYSE:UHT) announced a quarterly dividend on Wednesday, September 8th, Zacks reports. Stockholders of record on Monday, September 20th will be given a dividend of 0.70 per share by the real estate investment trust on Thursday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend is Friday, September 17th.
Universal Health Realty Income Trust has increased its dividend payment by 4.6% over the last three years and has increased its dividend every year for the last 25 years.
NYSE:UHT opened at $57.83 on Wednesday. The firm has a market capitalization of $796.43 million, a P/E ratio of 35.48 and a beta of 0.76. Universal Health Realty Income Trust has a 1-year low of $52.25 and a 1-year high of $75.61. The company’s fifty day moving average price is $59.29 and its 200-day moving average price is $64.76. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.36 and a quick ratio of 1.36.
A hedge fund recently raised its stake in Universal Health Realty Income Trust stock. Royal Bank of Canada raised its stake in shares of Universal Health Realty Income Trust (NYSE:UHT) by 501.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,471 shares of the real estate investment trust’s stock after purchasing an additional 2,060 shares during the period. Royal Bank of Canada’s holdings in Universal Health Realty Income Trust were worth $152,000 at the end of the most recent quarter. 64.60% of the stock is owned by institutional investors and hedge funds.
About Universal Health Realty Income Trust
Universal Health Realty Income Trust operates as a real estate investment trust. It engages in investing and leasing healthcare and human service facilities through direct ownership or joint ventures. The firm focuses on investing in acute care hospitals, rehabilitation hospitals, sub-acute facilities, medical office buildings, free-standing emergency departments, and childcare centers.
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