Universal Health Realty Income Trust (NYSE:UHT) Trading Down 3.6% – Time to Sell?

Universal Health Realty Income Trust (NYSE:UHT) shares dropped 3.6% on Monday . The company traded as low as $39.78 and last traded at $39.9150. Approximately 15,655 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 70,116 shares. The stock had previously closed at $41.41.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Universal Health Realty Income Trust in a research note on Tuesday, December 16th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Universal Health Realty Income Trust Trading Down 3.9%

The firm’s 50-day moving average price is $39.21 and its 200-day moving average price is $39.78. The company has a market cap of $551.75 million, a P/E ratio of 30.84 and a beta of 0.93. The company has a quick ratio of 7.37, a current ratio of 7.37 and a debt-to-equity ratio of 2.37.

Universal Health Realty Income Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be paid a $0.745 dividend. The ex-dividend date is Monday, December 22nd. This represents a $2.98 annualized dividend and a yield of 7.5%. This is an increase from Universal Health Realty Income Trust’s previous quarterly dividend of $0.74. Universal Health Realty Income Trust’s dividend payout ratio is 229.46%.

Insider Buying and Selling at Universal Health Realty Income Trust

In other news, CEO Alan B. Miller purchased 12,247 shares of the stock in a transaction dated Wednesday, October 29th. The shares were purchased at an average cost of $37.02 per share, with a total value of $453,383.94. Following the completion of the acquisition, the chief executive officer owned 182,104 shares in the company, valued at $6,741,490.08. This represents a 7.21% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Universal Health Realty Income Trust

A number of institutional investors have recently made changes to their positions in UHT. Advisory Services Network LLC purchased a new stake in Universal Health Realty Income Trust during the 3rd quarter valued at about $29,000. MAI Capital Management raised its position in Universal Health Realty Income Trust by 273.8% during the 3rd quarter. MAI Capital Management now owns 800 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 586 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Universal Health Realty Income Trust by 101.8% in the 2nd quarter. GAMMA Investing LLC now owns 888 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 448 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Universal Health Realty Income Trust by 130.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,063 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 602 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Universal Health Realty Income Trust by 848.8% during the third quarter. Versant Capital Management Inc now owns 1,167 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 1,044 shares during the period. 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.