Universal Health Realty Income Trust (NYSE:UHT) Sets New 12-Month High – Time to Buy?

Universal Health Realty Income Trust (NYSE:UHT)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $44.20 and last traded at $44.0520, with a volume of 60959 shares. The stock had previously closed at $43.56.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated 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, the company currently has an average rating of “Hold”.

Universal Health Realty Income Trust Price Performance

The stock has a market capitalization of $611.00 million, a PE ratio of 34.15 and a beta of 0.91. The company has a quick ratio of 7.37, a current ratio of 7.37 and a debt-to-equity ratio of 2.37. The stock’s 50 day moving average price is $40.68 and its 200-day moving average price is $39.81.

Universal Health Realty Income Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were given a $0.745 dividend. This is a positive change from Universal Health Realty Income Trust’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $2.98 annualized dividend and a yield of 6.8%. Universal Health Realty Income Trust’s dividend payout ratio is presently 231.01%.

Hedge Funds Weigh In On Universal Health Realty Income Trust

A number of institutional investors have recently modified their holdings of UHT. Raymond James Financial Inc. boosted its holdings in shares of Universal Health Realty Income Trust by 1.6% in the third quarter. Raymond James Financial Inc. now owns 18,698 shares of the real estate investment trust’s stock valued at $732,000 after purchasing an additional 289 shares during the period. Daiwa Securities Group Inc. raised its position in Universal Health Realty Income Trust by 8.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,838 shares of the real estate investment trust’s stock valued at $190,000 after purchasing an additional 389 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Universal Health Realty Income Trust by 72.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,246 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 524 shares during the period. Resona Asset Management Co. Ltd. lifted its holdings in shares of Universal Health Realty Income Trust by 10.3% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 5,618 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 525 shares during the period. Finally, Prudential Financial Inc. grew its position in shares of Universal Health Realty Income Trust by 4.2% during the 2nd quarter. Prudential Financial Inc. now owns 13,753 shares of the real estate investment trust’s stock worth $558,000 after buying an additional 556 shares in the last quarter. 64.66% of the stock is owned by hedge funds and other institutional investors.

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.