Universal Health Realty Income Trust (NYSE:UHT) Stock Rating Raised to Strong-Buy at Freedom Broker

Freedom Broker upgraded shares of Universal Health Realty Income Trust (NYSE:UHT) from a hold rating to a strong-buy rating in a research note released on Thursday,Zacks reports.

Several other research firms also recently weighed in on UHT. Weiss Ratings downgraded Universal Health Realty Income Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. UBS Group upgraded Universal Health Realty Income Trust to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Universal Health Realty Income Trust Trading Up 0.9%

NYSE:UHT opened at $38.21 on Thursday. The firm has a market capitalization of $531.12 million, a P/E ratio of 26.35 and a beta of 0.82. The company has a debt-to-equity ratio of 2.84, a current ratio of 6.19 and a quick ratio of 5.54. Universal Health Realty Income Trust has a one year low of $36.07 and a one year high of $46.30. The company’s 50-day simple moving average is $39.07 and its 200 day simple moving average is $41.08.

Universal Health Realty Income Trust (NYSE:UHT) last announced its earnings results on Tuesday, October 27th. The real estate investment trust reported $0.35 earnings per share for the quarter. Universal Health Realty Income Trust had a net margin of 20.31% and a return on equity of 13.34%. The business had revenue of $25.35 million during the quarter.

Universal Health Realty Income Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were paid a $0.75 dividend. The ex-dividend date was Monday, September 21st. This represents a $3.00 dividend on an annualized basis and a yield of 7.9%. Universal Health Realty Income Trust’s payout ratio is presently 215.83%.

Institutional Trading of Universal Health Realty Income Trust

A number of institutional investors and hedge funds have recently bought and sold shares of UHT. Independent Wealth Network Inc. boosted its holdings in Universal Health Realty Income Trust by 1.8% in the 3rd quarter. Independent Wealth Network Inc. now owns 16,313 shares of the real estate investment trust’s stock worth $610,000 after buying an additional 284 shares during the period. Bessemer Group Inc. increased its stake in Universal Health Realty Income Trust by 120.6% in the 1st quarter. Bessemer Group Inc. now owns 759 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 415 shares in the last quarter. Total Wealth Planning & Management Inc. increased its stake in Universal Health Realty Income Trust by 2.6% in the 3rd quarter. Total Wealth Planning & Management Inc. now owns 16,449 shares of the real estate investment trust’s stock worth $615,000 after buying an additional 416 shares in the last quarter. Trust Co. of Vermont purchased a new stake in Universal Health Realty Income Trust in the 2nd quarter worth $41,000. Finally, Asset Management One Co. Ltd. increased its stake in Universal Health Realty Income Trust by 9.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 18,549 shares of the real estate investment trust’s stock worth $694,000 after buying an additional 1,560 shares in the last quarter. 64.66% of the stock is currently owned by institutional investors.

About Universal Health Realty Income Trust

Universal Health Realty Income Trust (NYSE: UHT) is a real estate investment trust that owns and invests in healthcare and human-service-related properties. Its portfolio includes acute-care hospitals, behavioral health facilities, outpatient treatment centers, physician office buildings, ambulatory surgery centers and other healthcare facilities.

The company generally leases its properties to healthcare providers under long-term agreements, generating rental income from facilities operated by tenants.