Universal Health Realty Income Trust (NYSE:UHT) Shares Gap Up – Here’s What Happened

Universal Health Realty Income Trust (NYSE:UHT)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $38.20, but opened at $39.90. Universal Health Realty Income Trust shares last traded at $40.3140, with a volume of 5,995 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Universal Health Realty Income Trust in a research report on Wednesday, April 15th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Universal Health Realty Income Trust Stock Performance

The firm’s 50-day moving average price is $40.78 and its two-hundred day moving average price is $41.11. The firm has a market capitalization of $558.55 million, a PE ratio of 31.48 and a beta of 0.82. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 2.56.

Universal Health Realty Income Trust (NYSE:UHT) last released its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter. The business had revenue of $24.53 million for the quarter. Universal Health Realty Income Trust had a net margin of 18.00% and a return on equity of 11.44%.

Universal Health Realty Income Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 7.5%. The ex-dividend date is Monday, June 22nd. This is a positive change from Universal Health Realty Income Trust’s previous quarterly dividend of $0.74. Universal Health Realty Income Trust’s dividend payout ratio is presently 234.38%.

Institutional Trading of Universal Health Realty Income Trust

Hedge funds have recently modified their holdings of the business. Advisory Services Network LLC acquired a new stake in shares of Universal Health Realty Income Trust in the third quarter worth $29,000. Bessemer Group Inc. grew its holdings in shares of Universal Health Realty Income Trust by 120.6% during the first quarter. Bessemer Group Inc. now owns 759 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 415 shares in the last quarter. MAI Capital Management raised its position in 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 period. Tower Research Capital LLC TRC raised its position in Universal Health Realty Income Trust by 130.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,063 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 602 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in Universal Health Realty Income Trust in the 4th 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.