Principal Financial Group Inc. Cuts Position in Universal Health Realty Income Trust $UHT

Principal Financial Group Inc. lessened its stake in Universal Health Realty Income Trust (NYSE:UHT) by 77.4% in the second quarter, HoldingsChannel.com reports. The firm owned 17,561 shares of the real estate investment trust’s stock after selling 60,104 shares during the quarter. Principal Financial Group Inc.’s holdings in Universal Health Realty Income Trust were worth $770,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Total Wealth Planning & Management Inc. acquired a new position in Universal Health Realty Income Trust during the fourth quarter worth about $498,000. Bailard Inc. purchased a new position in Universal Health Realty Income Trust in the fourth quarter valued at about $541,000. Bessemer Group Inc. lifted its position in shares of Universal Health Realty Income Trust by 120.6% during the 1st quarter. Bessemer Group Inc. now owns 759 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 415 shares during the period. Louisiana State Employees Retirement System purchased a new stake in shares of Universal Health Realty Income Trust during the 1st quarter worth approximately $231,000. Finally, Independent Wealth Network Inc. boosted its stake in shares of Universal Health Realty Income Trust by 60.4% during the 1st quarter. Independent Wealth Network Inc. now owns 15,081 shares of the real estate investment trust’s stock worth $610,000 after acquiring an additional 5,681 shares in the last quarter. Institutional investors and hedge funds own 64.66% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Universal Health Realty Income Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Universal Health Realty Income Trust Trading Up 0.2%

Shares of UHT stock opened at $41.36 on Friday. The stock has a market cap of $574.90 million, a P/E ratio of 29.76 and a beta of 0.82. The company has a quick ratio of 6.14, a current ratio of 5.54 and a debt-to-equity ratio of 2.67. Universal Health Realty Income Trust has a fifty-two week low of $35.26 and a fifty-two week high of $46.30. The business has a fifty day simple moving average of $42.31 and a 200-day simple moving average of $41.90.

Universal Health Realty Income Trust (NYSE:UHT) last released its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.37 EPS for the quarter. The business had revenue of $24.99 million for the quarter. Universal Health Realty Income Trust had a net margin of 19.40% and a return on equity of 12.31%.

Universal Health Realty Income Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were given a dividend of $0.75 per share. The ex-dividend date was Monday, June 22nd. This is an increase from Universal Health Realty Income Trust’s previous quarterly dividend of $0.74. This represents a $3.00 dividend on an annualized basis and a yield of 7.3%. Universal Health Realty Income Trust’s dividend payout ratio (DPR) is presently 215.83%.

Universal Health Realty Income Trust 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.